What is the procedure for vat registration

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What is the procedure for VAT registration in
UAE
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Registration mandatory businesses
for taxation is for and
UAE goods
in the trading
Providing services. Value Added Tax (VAT)
registration simply refers to the tax
registration for such businesses.
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Contrary to popular belief, not all businesses re
quire VAT registration. Only those exceeding the
annual
aggregate turnover threshold of AED 375,000 must
register. In addition, businesses that cross the
total value of supplies in the next 30 days,
need to indulge in VAT registration. The rising
popularity of VAT is owed to an increasing
number of businesses that want to represent
themselves as government-acknowledged entities.
Once they are VAT registered, they are
authorized to collect it from their customers,
and later get it remitted to the government.
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Other reasons why businesses are inclined towards
VAT registration in UAE

• Collecting VAT for taxable supply of products and
  services
• Paying VAT to the government
• Filing VAT returns periodically
• Claim Input Tax Credit on VAT paid on the
  purchase
• Therefore, it is a must for businesses to
  maintain proper VAT accounting entries, UAE VAT
  return format in excel and gather information on
  how to file VAT refund in UAE.
• VAT returns and VAT accounting entries are not an
  easy task to manage by oneself. It requires
  stepwise registration in the first place, better
  managed by VAT consultants.
• Online VAT registration can be done in 3 easy
  steps in a hassle-free manner
• Create an e-Service account with FTA and sign-up
  using your credentials.
• Fill the VAT Registration Form with all relevant
  details required.
• Review the form to avoid furnishing incorrect
  details, and submit it.

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On the verification of the VAT registration
process, the business gets allotted a 15-digit
unique identification number, or the VAT
Registration Number or Tax Registration Number
(TRN). The FTA announces a deadline for
registering businesses under VAT. The entities
must be aware of the procedures to be able to
file VAT refunds in UAE. It is generally advised
to get the VAT registration process done by
UAEs trusted VAT consultancy firms like Parsh
Accounting and Bookkeeping.
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Parsh Accounting and Bookkeeping is an industry
leader in providing accounting services across
the region with diverse market exposure and
industry acquaintance. Taxes and tax-related
services in the UAE include VAT registration,
VAT returns services in UAE, VAT accounting
entries, etc. Saving man hours, and avoiding
tedious processes, loads of paperwork, head
straight to Parsh Accounting and Bookkeeping for
secured, stepwise, and hassle- free VAT services.
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Find Us Office No. 2101-05, Floor 21, Binary
Tower, Marasi Drive, Business Bay, Dubai, UAE
Call Us 971-568511542
Mail Us info_at_parsh.ae