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The Federal Tax Authority (FTA) is responsible for administering, implementing, and collecting federal taxes in the Emirates. All businesses with an annual turnover of AED 375,000 must go for online registration. Taxpayers can register voluntarily if the total value of their taxable supplies exceeded AED 187,500 or if the business expects to exceed that threshold within the next 30 days. 1. Every Person, who has a Place of Residence in the State or an Implementing State and is not already registered for Tax, shall register in the following situations: a. Where the total value of all supplies exceeded the Mandatory Registration … Continue reading VAT Consultancy/VAT Advisory
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