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Tax: UK/US/UAE/KSA/EU · UAE Corporate Tax & VAT · Card 009/012 easy

A UAE resident business's taxable supplies and imports total AED 400,000 over the preceding 12 months. Under UAE VAT Law (Federal Decree-Law No. 8 of 2017), what is this business's VAT registration position?

  1. The business must register for VAT within 30 days, because AED 400,000 exceeds the AED 375,000 mandatory registration threshold
  2. The business may voluntarily register if it wishes, but registration is not required until taxable supplies exceed AED 187,500
  3. The business is exempt from registering because it has not yet exceeded the AED 1,000,000 Corporate Tax natural-person turnover threshold
  4. The business must wait until the next calendar year end before assessing its registration obligation, since VAT thresholds are tested only once a year
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