Insights & Updates

FAQ's

What documents are required for VAT Registration in the UAE?

To register for VAT, you typically need.

• Trade License

• Passport & Emirates ID of the owner

• Company contact details

• Bank account details

• Income statement (last 12 months)

• Memorandum of Association (MoA)

How long does the VAT refund process take?

The Federal Tax Authority (FTA) usually processes VAT refund claims within 20 business days, but in some cases, it may take longer depending on the complexity of your submission.

What is the corporate tax rate in the UAE?

As per the latest regulations, the corporate tax rate is 9% for taxable income exceeding AED 375,000. Below this threshold, businesses are not taxed.

Is Corporate Tax applicable to Free Zone companies?

Yes, but with exceptions. Free Zone entities can benefit from 0% tax if they meet certain conditions outlined by the FTA, including not conducting business with the mainland.

What is a VAT Voluntary Disclosure?

A Voluntary Disclosure is submitted when a business identifies an error in a previous VAT return. This allows the business to correct the error before the FTA finds it, potentially reducing penalties.

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