Companies should register for VAT before 31 October 2017. The
Federal Tax Authority (the Authority)
recently announced that companies and MNCs with a turnover
exceeding UAE Dirhams one hundred and fifty million (AED
150,000,000) per annum should register under the Federal Law Number
(8) of 2017 on Value-added Tax (the VAT
Law) before 31 October 2017. Entities with an annual
turnover of over UAE Dirhams ten million (AED 10,000,000) should
register with Authority before 30 November 2017. All companies
falling within the purview of the VAT Law should submit their
application for registration before 4 December 2017 and have to be
registered by 1 January 2018. This notification may create some
chaos initially but is ultimately aimed to avoid last-minute
applications. The registration will be divided into two parts
– namely, mandatory registration and voluntary registration.
As per authorities this system of registration will stop
last-minute rush from the companies on
