Innovate Accounting offers a comprehensive range of VAT registration services across various jurisdictions, encompassing both voluntary and mandatory VAT registration processes.
Since its establishment, Innovate Accounting has emerged as a prominent business consultant, extending accounting and tax services to commercial enterprises globally. Our team of VAT experts is dedicated to guiding your business through the VAT registration procedure, ensuring it is structured in the most cost-effective manner, and delivering exceptional VAT services to meet your needs.
Types of VAT Registration Services
There are two types of VAT registration services, companies will choose one category before applying for VAT registration and it will be based on their annual turnover. Following are the VAT registration categories:
- Mandatory VAT Registration
- Voluntary VAT Registration
There are many factors which businesses should consider before applying for VAT registration processes like whether to apply for mandatory VAT registration or voluntary VAT registration, The other aspect is to apply for single VAT registration or a Tax group.
When to register for VAT?
Each country establishes unique criteria for VAT registration, with varying thresholds for mandatory and voluntary registration.
For VAT Registration in the UAE:
According to the Federal Tax Authority (FTA) in the UAE, companies or individuals with an annual turnover of AED 375,000 or above are required to apply for VAT registration (mandatory VAT registration).
Companies or individuals with an annual turnover exceeding AED 187,500 but less than AED 375,000 have the option to voluntarily apply for VAT Registration (voluntary VAT registration).
For VAT Registration in India:
According to the Central Board of Direct Taxes (CBDT) in India, companies or individuals with an annual turnover of INR 500,000 or above are required to apply for VAT registration (mandatory VAT registration).
Companies or individuals with an annual turnover of less than INR 500,000 have the option to voluntarily apply for VAT Registration (voluntary VAT registration).
How can we help?
Innovate Accounting offers comprehensive VAT registration services across multiple jurisdictions. Our experienced and professional VAT Compliance team is equipped to assist you with a wide range of services, including:
1. VAT registration: Guiding you through the VAT registration process.
2. Completion of registration forms: Ensuring accurate and timely completion of all required forms.
3. Filing required documents with tax authorities: Handling the submission of necessary documents to tax authorities.
4. Monitoring thresholds: Keeping track of turnover thresholds to ensure timely compliance.
5. De-registration assistance: Assisting with de-registration when required.
6. VAT return filing: Supporting you in completing and filing VAT returns.
7. Centralized VAT compliance support: Providing local and regionally centralized support for VAT compliance.
8. Updates on VAT laws and regulations: Keeping you informed about changes in VAT laws and regulations.
9. VAT review and queries support: Offering additional support for VAT review and addressing queries.
10. Automated transaction checking and reconciliation: Implementing automated processes for transaction checking and reconciliation for VAT returns.
11. Compliance-related queries assistance: Assisting with queries related to VAT compliance.
12. Complete compliance lifecycle management support: Supporting you throughout the entire compliance lifecycle.
13. VAT refund and tax audit support: Reviewing and supporting VAT refund claims and providing assistance during VAT inspections.
With our expertise and commitment to excellence, we ensure that your VAT-related needs are met efficiently and effectively.
