If the Annual Turnover is between AED 187,500 – AED 375,000, it is optional for the company to be registered under UAE VAT law. Further, if it is less than AED 187,500/, the company need not register under this law. For the startups, if the VAT attracted expenses are more than AED 187,500/, (USD 50K) such companies are to be registered under the UAE VAT law.
IMC provides VAT consultancy services in Dubai for the compliance-related queries and assist our clients in reviewing the checklist for VAT compliance in Dubai.
IMC also provides VAT training in Dubai for the employees to be well aware and appraised of the procedures and protocols of the accounting system required for VAT filing.