.jpg)
Do I need to register in VAT in order to claim VAT?
Do I need to register in VAT in order to claim VAT?
Bryce Dsouza
Yes, you need to register for VAT in order to claim VAT in UAE. According to the Federal Tax Authority (FTA), companies or individuals having an annual turnover of AED 375,000 or more must apply for VAT registration and must get a Tax Registration Number (TRN) to run a business in UAE. They must implement VAT and must collect VAT on behalf of FTA.
Zara Fatyma
Yes, one should register for VAT in order to claim VAT.
UAE-resident businesses who make taxable supplies in the UAE may voluntarily register for VAT if the value of their taxable supplies and imports, or taxable expenses, incurred in any past period of 12 months or less exceeded, or is expected to exceed in the next 30 days.
Jhon Peter
In order to claim VAT (Value Added Tax), it is generally necessary to be registered for VAT. VAT registration requirements vary by country, so it is important to refer to the specific regulations of the country in which you operate or conduct business.
Typically, businesses exceeding a certain turnover threshold are required to register for VAT. Once registered, you can charge VAT on your taxable supplies and claim back the VAT paid on your business-related expenses. This ensures that you are properly accounting for VAT and complying with tax laws.
To determine whether you need to register for VAT and the specific registration process, it is advisable to consult the tax authorities or a tax professional in your country. They can provide accurate and up-to-date information based on the local regulations that apply to your situation.
