If a business or vendor supplies of good and service meet the annual turnover limit set by the government and also trade in those supplies which come under the scope of VAT.
-Under the first phase companies whose annual turnover is between the band of 1.87 million to 3.75 million Dirham have option either to register for VAT or not.
-Companies whose annual turnover exceed 3.75 million limit are obliged to register for VAT online system.
-Under the first phase companies whose annual turnover is between the band of 1.87 million to 3.75 million Dirham have option either to register for VAT or not.
-Companies whose annual turnover exceed 3.75 million limit are obliged to register for VAT online system.
Thanks for sharing the information.
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