Tax authorities registration

Tax authorities registration

Starting from January 1st, 2018, the United Arab Emirates (UAE) took a significant step by introducing Value Added Tax (VAT), which had a profound impact on both businesses and individuals in the country. This new taxation system required businesses and individuals with a taxable turnover of more than AED 375,000 in the previous twelve months to register for VAT. Additionally, those with a total taxable turnover exceeding AED 187,500 had the option of voluntary registration.

To implement VAT and Excise taxes, the member states of the Gulf Cooperation Council (GCC) signed a Unified Framework Agreement. Each state was responsible for enacting its domestic legislation in alignment with the unified framework. In accordance with this approach, the UAE adopted VAT through the Federal Decree Law No (8) of 2017 on Value Added Tax (VAT) and the Executive Regulations to the Federal Decree Law No. (8).

Get registered with UAE tax authorities hassle-free with Algorica Consultancy.

Unlock the full potential of your business in the UAE with Algorica Business Consultancy’s expert tax authority registration services. As a leading consulting company in the region, we specialize in guiding businesses through the intricacies of tax registration, ensuring compliance with all relevant regulations. Our team of seasoned professionals will navigate the complexities for you, making the entire process efficient and stress-free.

At Algorica, we understand that the process of registering with the UAE tax authorities can be daunting, especially for foreign businesses. With our comprehensive knowledge of local tax laws and regulations, we ensure that your business is registered correctly and promptly. Our tailored solutions are designed to meet your specific requirements, whether you’re a startup, SME, or multinational corporation.

We offer a wide range of services, including:

• Representing entities before tax authorities in matters related to assessment, appeals, and search & seizure cases.
• Conducting advance tax calculations.
• Ensuring compliance with tax obligations arising from Corporate Tax & ESR laws.
• Handling the filing of returns for VAT and other taxes.
• Providing expertise in global taxation and transfer pricing.
• Assisting with Corporate Tax transition management.
• Conducting staff training and assessing business readiness in tax matters.
• Preparing your business for Corporate Tax Audits.
• Defining and implementing TP policies, operating models, capital structures, tax functions, etc.

Required Documents and Forms

To initiate the tax authorities registration process in the UAE smoothly, we at Algorica Business Consultancy will guide you through the preparation of the necessary documents and forms. Here’s an overview of the typical documents and forms required for registration:

1. Business Documents:

• Trade License Copy
• Certificate of Incorporation/Registration
• Memorandum and Articles of Association (MOA/AOA)
• Shareholder/Director’s Passport Copies
• Emirates ID Copies of Shareholders/Directors
• Lease Agreement or Title Deed for Business Premises

2. Financial Documents:

• Audited Financial Statements (if applicable)
• Bank Statements (past 6 months)
• Proof of Share Capital (for LLC companies)

3. Tax-related Documents:

• Tax Identification Number (TIN) Application Form
• VAT Registration Application Form (for VAT registration)

4. Employee-related Documents:

• Employee Visa Copies (if applicable)
• Employee Passport Copies
• Employee Emirates ID Copies

5. Other Supporting Documents:

• Utility Bill (for business premises)
• Customs Registration Certificate (for import/export businesses)
• Any other specific documents related to your business activity

At Algorica, our experienced consultants will review these documents, assist in preparing any additional forms or information required, and ensure that everything is accurately completed before submission to the tax authorities. With our guidance, you can be confident in a seamless and successful registration process, allowing you to focus on growing your business in the UAE.