- June 25, 2016
- Posted by: admin
Business needs to take an initial VAT registration to effectively implement the VAT mechanism. The government authority has declared that in the first phase of implementation, the registration is mandatory for companies whose annual turnover exceeds AED 3.75 Million ie, USD 1 Million. It is optional for those businesses whose revenue range between AED 1.87 Million and AED 3.75 Million ie USD 0.5 Million and USD 1 Million.