VAT Registration & Tax Compliance

Stay Legally Compliant with Timely Trade License Renewals

Value Added Tax (VAT) is an essential consideration for businesses operating in the UAE. Since its implementation in 2018, VAT at a rate of 5% applies to most goods and services. VAT Registration & Tax Compliance involves ensuring that your business registers for VAT when required, charges and collects VAT correctly on transactions, and files regular VAT returns with the authorities. For entrepreneurs and companies, navigating VAT rules can be complex – from determining when you must register to handling the paperwork every quarter. Noble Core Ventures offers comprehensive VAT services to take the hassle out of VAT compliance, helping your business avoid fines and stay focused on growth.

Key VAT Requirements in the UAE

Mandatory Registration Threshold: Businesses must register for VAT if their taxable turnover exceeds AED 375,000 in the past 12 months (or is expected to exceed that amount in the next 30 days). There is also an option to register voluntarily if turnover surpasses AED 187,500, which can benefit growing startups by allowing them to reclaim input VAT. Note that non-UAE companies making taxable supplies in the UAE must register for VAT regardless of turnover.
VAT Return Filing: VAT-registered businesses are typically required to file returns quarterly (every 3 months), although some larger companies file monthly. Each VAT return details the VAT collected on sales (output VAT) and the VAT paid on purchases (input VAT). Any net VAT due must be paid to the Federal Tax Authority (FTA) by the due date along with the return.
Deadlines and Payments: VAT returns and payments are due by the 28th day of the month following the end of each tax period. For example, a Q1 (Jan–Mar) VAT return must be filed and paid by April 28. It’s crucial to adhere to these deadlines – late filing or payment triggers penalties. The FTA imposes an initial late filing fine (starting at AED 1,000 for a first offence), which doubles for repeated delays, plus monthly interest on any unpaid VAT.
Tax Invoices and Record Keeping: Businesses must issue official tax invoices for their VAT-applicable sales and keep detailed records of all transactions. UAE law requires maintaining VAT records for at least 5 years. Proper documentation (invoices, receipts, import/export records) is not only a legal requirement but also ensures you can claim eligible input VAT credits and substantiate your returns if audited.
VAT Compliance and Updates: VAT regulations are periodically updated by authorities. Businesses need to stay informed about changes such as new zero-rated or exempt categories, alterations in filing procedures, or adjustments to penalty regimes. Compliance also means correctly applying VAT rules (for example, zero-rating exports or exempting certain financial services) to avoid errors. Being proactive about understanding and implementing these rules is key to smooth operations.

How Noble Core Ventures Supports VAT Compliance

Noble Core Ventures acts as your trusted partner in all aspects of VAT, from registration to routine filings:

Expert Registration Assistance: We evaluate your business activities and revenue to determine if and when you need to register for VAT. Our team handles the entire VAT registration process, preparing the necessary documents and liaising with the FTA to obtain your Tax Registration Number (TRN) swiftly.
Accurate VAT Bookkeeping: We ensure your sales and purchase records are maintained with the correct VAT entries, so your financial data is always audit-ready. Every transaction is recorded in compliance with VAT regulations, making sure you capture all input credits and charge VAT appropriately on your invoices.
Quarterly Filing & Payments: Each tax period, our team calculates your VAT position (VAT collected minus VAT paid) and prepares the VAT return for you. We submit the return on time and provide clear instructions for any payment due, ensuring you never miss the 28th-of-the-month deadline. If your business is entitled to a refund, we handle the claim process on your behalf.
Compliance Reviews: Noble Core conducts regular VAT compliance checks for your business – verifying that VAT is correctly applied on your invoices, that you’re claiming all eligible input VAT credits, and that your record-keeping meets FTA requirements. These proactive reviews help catch and fix any issues before they become problems or trigger audits.
Advisory & Updates: We keep you informed of any changes in VAT laws or FTA guidelines. Whether it’s a new VAT law, updated public clarifications, or changes in tax rates (if any in the future), we advise you on how these affect your operations. If your business undergoes changes (like expanding into new sectors or crossing the mandatory threshold), we guide you on the VAT implications and necessary actions.
Audit Support: In case the FTA selects your filings for audit or detailed scrutiny, we provide full support. Our team will organise all required documentation, reconcile your VAT ledgers, and assist in responding to FTA queries. With Noble Core by your side, a VAT audit or inspection becomes far less daunting and can be resolved efficiently.

By entrusting your VAT registration and compliance to Noble Core Ventures, you can be confident that your business meets all legal requirements. We help you maximise allowable VAT refunds, avoid costly penalties, and turn VAT into a smooth, routine aspect of your operations rather than a burden.