Two or more people operating companies in the UAE can apply for tax registration as aÂ tax group in UAE. A tax group is the group of two or more individuals who may have enrolled as a single taxpayer with the FTA and are liable to the UAE VAT Law’s requirements. When a group of two or more legal persons acquires tax registration status from FTA as a single taxable person, they constitute a tax group. The only rationale for the formation of this organization is for tax considerations.
You must meet all of the following conditions to be eligible to apply forÂ VAT Group registration:
The benefits of VAT group registration for businesses are as follows:
Certainly, there is a chance that the authorities will reject your application for registration as a tax group. The following is a list of situations covered by the VAT regulation that will reject the application for tax group registration.
When it comes to apparently combine as one in order to reap the benefits of a tax group, it’s a difficult option to perform. It is certainly advisable for businesses to get legal guidance & assistance from a tax specialist before making decisions that will have a long-term impact on their business. Well, if you are in search of the best professionals forÂ UAE VAT tax group registration services, then we at ARC Associates can be your best partner for this. Being the top company providing reliableÂ VAT registration services in UAEÂ & other business-related services, we can assist you in completing the application to register asÂ a tax group in UAE. As well as guide you through what information you need to have on hand to complete the application. Apart from this, we can manage all of your business needs with complete transparency and precision, according to your demands. So, if you’d like to know more about our services, contact our specialists todayâ€”we’re always delighted.