BINJOY Auditors L.L.C

VAT Group Registration

VAT Group Registration in UAE

What is VAT Group Registration?

Under Article (14) of Federal Decree-Law No. (8) of 2017 on Value Added Tax, businesses in Dubai can opt for VAT group registration. This arrangement consolidates multiple entities into a single taxable entity for VAT purposes. Instead of each entity filing separate VAT returns, the group files one return collectively. Group registration is strictly for tax administration purposes, streamlining compliance and administrative tasks for participating businesses.

 

Benefits of VAT Group Registration 
  • VAT Exemption on Intra-Group Transactions: Transactions involving the supply of goods and services between group members are exempt from VAT, thus simplifying VAT accounting and taxation.
  • Centralized VAT Payment on Imports: The appointed representative member is responsible for paying any VAT due on imported goods by other group members.
  • Consolidated VAT Return: Group members can file a consolidated VAT return, streamlining administration and lowering costs.
  • Flexible Group Management: Adding or removing a company from the VAT group is straightforward. The group representative can be changed at any time, and terminating the group is equally simple and flexible.
Contact BINJOY for VAT Group Registration Assistance

Recognizing the unique requirements of every business across diverse industries, we offer customized solutions. Reach out to us today for detailed insights on VAT Group Registration in the UAE and ensure compliance with VAT regulations.

Contact BINJOY to assist your VAT group registration process, enhance compliance, and simplify your VAT obligations.