DMCC Trading Company — VAT Registration & Filing

Challenge

Import-heavy business crossed mandatory VAT threshold mid-year. Needed TRN registration, input VAT recovery setup, and FTA-compliant invoicing.

Approach

1. Confirmed mandatory registration via VAT checker — 12-month taxable supplies exceeded AED 375,000.
2. Collected trade licence, bank letter, customs declarations, and sample invoices for EmaraTax application.
3. Configured accounting chart for 5% output VAT and import VAT treatment.
4. Filed first VAT201 return within 28 days of tax period end.

Outcome

VAT registered with clean first return; input VAT on imports recovered. No FTA penalties.