VAT Registration

Company turnover in 2017 - 200,000 In 2018 - AED 250,000 In 2019 - AED 275,000 In 2020 upto may - AED 100,000 Will company get late registration penalty if preceding 12 months turnover is less than AED 375,000 ?

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SAJITH N03/06/2020 15:18:39

You need to assess based on monthly sale data rather than take calendar year as a whole since the assessment is to be done based on PAST 12 months.

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CA Rahib Tinwala03/06/2020 16:50:10

Thank you

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