January 14 2020

Turnover declaration form published

Source: IBFD Tax Research Platform News

On 13 January 2020, the Federal Tax Authority (FTA) published the turnover declaration form. This form must be submitted by an applicant registering for VAT purposes.

The form, which must be printed with the applicant's letterhead, must disclose the following items:

  • turnover realized by the applicant from 2017 to 2020 (if applicable); and
  • the month and year from which the applicant started making taxable supplies and reached the registration threshold (i.e. the mandatory threshold of AED 375,000 or the voluntary threshold of AED 187,500).