The Federal Tax Authority (FTA) opened the VAT registration portal on its website on 17 September 2017 for businesses to register in time for the 1 January 2018 VAT launch. Businesses that are required to register for VAT will need to set up an online account on the FTA website and complete the VAT registration form.
The value of taxable supplies for the purposes of VAT registration will include supplies of goods or services in the UAE which would be chargeable to either the 5% rate or the 0% VAT rate. Businesses which do not comply may find themselves subject to financial penalties.
