Timeline for VAT Registration

The materials will be submitted electronically. Following online VAT registration, you will get the Tax Registration Number (TRN) from the Federal Tax Authority (FTA). The Processing time is 20 business working days from the date of sharing complete information with FTA. The application may take more time in case of additional details requirement.

Significance of VAT Registration in Dubai

Paying taxes is viewed as an expenditure by some business owners. They have no idea that registering their businesses for VAT might bring several benefits.

It raises the company’s profile. Companies may, of course, show off their VAT registration to essential stakeholders, business associates, which will increase their dependability and client preference. Customers are more inclined to prefer a company that has registered for VAT than one that does not.

Tax avoidance is sometimes considered a crime, and if proven guilty, the corporation may face severe financial penalties in case of non or delayed compliance. Registering your business for VAT in Dubai avoids these situations and guarantees that your firm develops while also benefiting society.

It should be underlined that VAT is not intended to burden enterprises. VAT refunds are available in certain instances.

Overall, it helps the company capture a broader market and boost its reputation, which leads to a larger client base.