The UAE Federal Tax Authority must be notified of your liability in undergoing VAT registration when your taxable turnover exceeds the mandatory registration threshold for the past twelve months. The threshold for registration in UAE is currently at AED 375,000.
When the notification regarding your VAT registration in UAE is late and there is no prior notification you’ll be charged regardless of the reason for the delay. A penalty of AED 10,000 will be imposed.
In order to avoid the harsh penalties that are currently in place for late VAT filing or non-filing of VAT, businesses must be wary of all taxation rules and deadlines imposed by the Federal Tax Authority and appoint a responsible person who can accurately record all tax input and output and make filing submissions in a timely manner.
Let MAS handle all your VAT aspects and save your business from unnecessary fines and penalties.