What do I have to do after the VAT registratio
The major requirements for Value Added Tax registration is given below :
• Valid Company license.
• Owners’ & managers’ passports and emirates IDs
• Revenue declaration form.
• Proof of authorization means articles of association or power of attorney.
• Address & P.O. Box
• Company’s bank details (International Bank Account Number).
What do I have to do after the VAT registration?
Once you are registered for Value Added Tax in the UAE, you will need to the following steps:
- Charge Value Added Tax on all taxable supplies of goods or services that you make
- Determine the amount of Value Added Tax incurred on purchases means input tax that you are entitled to recover.
- Issue valid tax invoices to your customers.
- Submit tax returns at regular intervals to the Federal Tax Authority via the e-services portal.