United Arab Emirates have announced the implementation of VAT in the country. VAT is applicable to all companies ( Mainland, free zone, offshore) which have turnover above AED 375000/- per annum
All those companies who have a turnover above AED 375000/- per annum should mandatory do VAT registration. Last day to do VAT registration as below
- On or before 30/11/2017 – AED 10,000,000 plus turnover company
- On or before 04/12/2017 – AED 375,000 plus turnover company
Fail to do may end up paying fines( AED 20,000/- Plus)
Any company who have AED 187,000 plus turn over can do voluntary registration