UAE opens VAT registration portal

UAE tax authorities have opened a VAT registration portal to prepare for the introduction of the new tax, which will begin January 2018 at a standard rate of 5 percent.

Businesses must register for VAT if annual supplies and imports in the UAE exceed or that are expected to exceed Dh375,00 (~USD 102,000). Businesses with tax­able supplies below Dh375,000 but over Dh187,500 (~USD 51,000)  will have the option to register.

More information on the VAT in the UAE is provided at the UAE Ministry of website.



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