After your UAE VAT Registration is approved, your registered company will receive a unique Tax Registration Number (TRN).
In all, 24 articles were modified and one article regarding the statute of limitations has been added to UAE VAT Law representing some important modifications to the Legislation.
During the course of submitting your UAE VAT Returns, your business may be in a UAE VAT Refunds position which enables you to claim a refund from the FTA.
Under the business VAT refund conspire, unfamiliar organizations are permitted to guarantee refund of VAT paid on costs caused in UAE, gave the necessary circumstances are met.
In a landmark move UAE Cabinet reported a significant decrease in punishments for most VAT and Excise non-compliances with up to 80% decrease for some infringement.