Documents Required for VAT Registration

As a professional, you understand the importance of complying with the regulations and requirements set forth by governing bodies. One of these requirements, for businesses operating in certain countries, is VAT registration. Value Added Tax (VAT) is a tax on goods and services that is collected by the government.

To comply with this tax and avoid penalties, businesses must register for VAT. However, the process of registration can be complex and requires specific documentation. We will outline the documents required for VAT registration so that you can ensure your business complies with the law.

Certain documents are required to complete the VAT registration application;

• A trade license/certificate of incorporation is required for businesses to operate legally and It must be valid and active. Validity and activity are determined by the relevant issuing authority regulation
• MOA and AOA are important legal documents for businesses. They confirm the shareholding of each partner in the business. They verify the authorized signatory of the business.
• Passports/Identity documents are required to collect the personal details of shareholders, and UAE resident cards are required for shareholders who are UAE residents. A trade license or certificate of incorporation is required for shareholder companies.
• An income statement is needed to verify the taxable revenue of a company
  If a company deals in taxable and non-taxable supplies, the total must be segregated
  The income statement should be on the company letterhead, stamped, and signed by an authorized signatory. However, Audited financial statements are not required
  The statement must be for the recent 12 months or past 11 months and future 30 days of confirmed revenue.
• Registering as a tax group requires a group structure.
• The document must include the trade license of all related businesses
  The business is responsible for disclosing associated parties and other business relationships in the document

More information may also required 

• Trade name,
• Legal name,
• Business Address,
• Email ID for during registration,
• Bank Account details,
• Name of all owners/shareholders etc,
• Office Telephone