The Federal Tax Authority (FTA) has issued an update to eliminate the confusions regarding the VAT registration of sole establishments.
What are the things that sole establishments must consider
In light of the new VAT clarification, the owners of the sole establishments are required to,
1. Make sure that all Taxable Supplies are proclaimed
If a VAT registrant ignored any of his sole establishments, he should notify the FTA of any undeclared output tax by presenting a voluntary disclosure under Article 10(1) of the Federal Law No. 7 of 2017 on Tax Procedures.
2. Grasp Curative methods for Outstanding VAT
If the normal company owners could not complete VAT registration process in UAE, he is supposed to inform the FTA and corrective action must be taken to account for the outstanding VAT.
3. Go after the Clarification for UAE VAT Registration
Public Clarification must be followed by all the sole establishments for all their future VAT registration process.
How AGX Auditors can help you?
The laws about the VAT registration in the Dubai,UAE has been refined with some obscurity for the companies who has sole establishments. Based on the new FTA update, the company owners who has multiple sole establishments must try to get only one VAT registration for all of their sole establishments. VAT registration in UAE is a complicated process, mostly for the sole establishments, they always look for the professionals in VAT registration in UAE. AGX Chartered Accountants has a team of highly qualified tax agents in Dubai who assist the business owners in effectively registering their businesses for VAT.