When you own a company or multiple businesses in UAE, it is mandatory to comply with the VAT regulations of the country and pay tax to the authorities. You can conveniently hire professionals who have expertise in delivering top-rated VAT registration services in Dubai. You can depend on a reputed company to meet the objective. Before you decide to hire such services, it is good to know a thing or two about the process of VAT registration. The blog provides a clear overview of different segments of the process that you can consider.
Step 1: Creation if an Account for E-Services
You need to log into the portal set by the government meant for VAT registration. It is mandatory to create an account with a unique username and password. You would be notified via email by the concerned authorities. As a business owner or representative of the company, you have to verify the email id registered by you within a timeframe of 24 hours.
Step 2: The Main VAT Registration Process
There would be a section in the portal where the VAT registration tab would be there. You need to click it and proceed accordingly. There would be a start mark beside the boxes that are mandatory to be filled. Enter the necessary details in the box relevant to your business. You should be transparent. After you have typed all the required details, you need to revise the information once before submitting it. When you are convinced, go ahead and submit the online form.
Step 3: In Case You Have Delayed the Registration
In some cases, you might miss the registration timeframe. These are the situations of late registration. You have to pay a penalty and register your company for paying VAT. You need to visit the dashboard of the website and click on the tab that says, ‘Late Registration Penalty’. Accordingly, you have to pay the registration fee and a penalty to make everything organized complying with government regulations.
Documents and Information to Submit
It is wise to keep in mind a checklist of important documents that you should submit to the concerned authorities in the VAT registration process. Some of the documents in this regard are:
- Trade license or certificate of your company
- Passport copy
- Turnover details of the company
- Bank account information
- Details related to Power of Attorney
- Report of expected revenues for the next 12 months
Call Top VAT Consultants
As a business owner, you need to get in touch with reputed VAT consultants in Dubai who can easily handle the process. They would help you in registering your company online and make it prepared to run a business in the UAE.
She worked for eleven years as a writer and editor at the national news biweekly WORLD magazine