Businesses with taxable supplies exceeding AED 375,000 annually must register for VAT. Businesses with taxable supplies exceeding AED 187,500 may choose to register voluntarily.

The standard VAT rate in the UAE is 5%, applicable to most goods and services. However, certain supplies may be zero-rated or VAT-exempt under the UAE VAT law, depending on their nature.

Typically, businesses need:

• Trade License
• Emirates ID and Passport copies of owners/partners
• Memorandum of Association (MOA)
• Bank account details
• Financial records or expected turnover
• Contact details and business information

Most businesses file VAT returns quarterly, while some may be required by the FTA to file monthly, depending on their turnover and tax period assigned.

Failure to register within the prescribed time can result in administrative penalties imposed by the Federal Tax Authority, along with possible additional fines for continued non-compliance.

Pacioli helps businesses reduce VAT liabilities through compliant tax planning, maximize eligible VAT recoveries, ensure accurate VAT filings, and maintain full compliance with UAE VAT regulations while minimizing the risk of penalties