Compliance & Requirements

VAT Registration Threshold

If the value of taxable supplies during past twelve months is more than AED 375,000/, it is mandatory for the company to register under UAE VAT before the end of the year 2017.
If the Annual Turnover is between AED 187,500 & AED 375,000/, it is optional for the company to be registered under UAE VAT law. Further, if it is less than AED 187,500/, the company need not register under this law.

Record Keeping

It is mandatory for every taxable person to maintain proper record of all their sales and purchases and other transactions related to their businesses.   These records are required to be maintained for a minimum period of 5 years.