How to update VAT registration information that has expired?

VAT has now been in place for almost a year and therefore most registered companies will have renewed their trade license since they first registered for VAT. The FTA requires information uploaded at the time of registration to be updated each year as it expires. This includes the trade licence and the passports and Emirates IDs of the company owners.

To start the amendment, click on the link on your FTA dashboard. Once you start an amendment you are prompted to re-enter your Emirates ID and passport even if the documents uploaded at registration are still valid. Then work your way through the amendment pages which follow the format of the initial VAT registration.

While the portal does not force you to update the annual turnover or upload your most recent year-to-date financial statements, several VAT experts suggest doing this as you need to certify on the last page that the information you are submitting is correct. Note the FTA request that the amendment is filed within five working days to avoid difficulties.

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What currency rate is to be used for conversion to AED?

In order to convert foreign currency to AED values for reporting purpose, it is required to use the currency rate on the date of supply.

The currency rates are published each week by the Central Bank of UAE specially for VAT purposes and may be accessed here

The listed foreign currency rates against AED (Arab Emirates Dirham) are published by the Central Bank of UAE only for the calculation of the VAT obligation of UAE business entities to the UAE Federal Tax Authority as per the requirement of Union Law No. 8 on Value Added Tax.

Who are the registered tax agents for UAE?

As of March 18, 2018, the FTA website lists the following tax agents.  This list is subject to revision hence please visit the link below to view the updated list: https://www.tax.gov.ae/registered-tax-agents.aspx

Registered Tax Agents

Tax Agent Name Registered Date Tax Agency TAAN TAN
Asad Zuhair Sado Abbas 13-02-2018 Asad Abbas & Co. (Chartered Accountants) 20029690 30003776
Yaser Yasin Darwish 15-02-2018 Da Gate Hub Management Consultancies 20010898 30002554
Younis Ali Almulla 15-02-2018 Almulla For Accounting & Tax Services 20019121 30001572
Jadd Shalak 15-02-2018 Averyx Management Consultancies 20038519 30004899
Majid Abdulrahman Alshaikh 15-02-2018 Majid Alshaikh Consultancy 20040937 30000970
Hamdan Zakaria Awda 20/02/2018 Hamdan Awda Chartered Accountants 20024600 30001481
Yasser Atiyyeh 22/02/2018 XB4 Solutions(Dubai Branch) 20013751 30000657
Hamad Abdulla Alshamsi 22/02/2018 Prestige Auditing L.L.C 20013249 30003271
Mohamed Mostafa Kamel Yousef El Agha 26/02/2018 Osol Al Khebra Accounting & Bookkeeping LLC 20044764 30001200
Anssar Mohammed Ahmed Siddiq 26/02/2018 Verify Accounting & Consulting 20031027 30003537
Muhanned Anbari 27/02/2018 Becker for Financial Solutions LLC 20038642 30004279
Fuad Ibrahim Muflih Alomari 27/02/2018 Al Khaleej Tax Consultancy L.L.C 20009221 30004766
Ahmed Maher Mohamed Hassanien 28/02/2018 Ahmed Hassanien and Co Auditing of Accounts 20013090 30003727
Ratheesh Mekkat 28/02/2018 Al Mithaq Tax Consultancy 20008090 30001259
Abdel Hameed Zaitoun 8/3/2018 Genome Consulting 20032520 30000640
Ahmad Wafi Kanafani 8/3/2018 Kanafani Tax Services 20001749 30000863
Ghassan S. M. Jamoos 11/3/2018 Al Zarooni Tureva Auditing 20036596 30000343

What is to be included in a Tax Return?

Tax Returns must include:

  • the value of standard-rated supplies made in the tax period and the output tax charged
  • the value of zero-rated supplies made in the tax period
  • the value of exempt supplies made in the tax period
  • the value of any reverse-charged supplies received in the tax period
  • the value of expenses incurred in the tax period (if the business in question is looking to recover input tax and the amount of recoverable tax)
  • the total amount of tax due and recoverable input tax for the tax period
    the payable tax (or repayable) for the tax period.

How long should we keep accounting records?

Accounting records are to be kept in a format that enables the Authority to verify that person’s tax obligations, for a period of five years after the end of the tax period.

The Taxable Person shall keep the following records: Records of all supplies and imports of goods and services; all Tax Invoices and Tax Credit Notes, or alternative documents related to receiving goods or services; all Tax Invoices and Tax Credit Notes, or alternative documents issued; records of goods and services that have been disposed of or used for matters not related to business, showing taxes paid for these goods and services.

All businesses must retain accounting and business records, the FTA noted, which include the balance sheet, profit and loss account, payroll accounts, fixed assets records and.

How to verify supplier TRN?

To verify the TRN number provided by your supplier is authentic you can check it on the Federal Tax Agency portal at the following URL:


Enter the TRN number provided to you, and then enter the security code. You will get the result as the Company name in English and Arabic.

What is a Tax Invoice?

The Ministry of Finance in the Executive Regulation for the Federal Decree Law No. 8 of 2017 Value Added Tax has laid down the guidelines for the preparation of a TAX INVOICE and a SIMPLIFIED TAX INVOICE.

As per the law the definition of a Tax invoice is: A written or electronic document in which the occurrence of a Taxable Supply is recorded with details pertaining to it.


  • A Tax Invoice shall contain all of the following particulars:
    1. The words “Tax Invoice” clearly displayed on the invoice.
    2. The name, address, and Tax Registration Number of the Registrant making the supply.
    3. The name, address, and Tax Registration Number of the Recipient where he is a Registrant
    4. A sequential Tax Invoice number or a unique number which enables identification of the Tax and the order of the Tax Invoice in any sequence of invoices.
    5. The date of issuing the Tax Invoice.
    6. The date of supply if different from the date the Tax Invoice was issued.
    7. A description of the Goods or Services supplied.
      1. For each Good or Service, the unit price, the quantity or volume supplied, the rate of Tax and the amount payable expressed in AED.
      2. The amount of any discount offered.
      3. The gross amount payable expressed in AED.
      4. The Tax amount payable expressed in AED together with the rate of exchange applied where currency is converted from a currency other than the UAE dirham.
    8. Where the invoice relates to a supply under which the Recipient of Goods or Recipient of Service required to account for Tax, a statement that the Recipient is required to account for Tax, and ato the relevant provision of the Decree-Law.
  • Simplified Tax Invoice

    A simplified Tax Invoice shall contain all of the following particulars:

    1. The words “Tax Invoice” clearly displayed on the invoice.
    2.  The name, address, and Tax Registration Number of the Registrant making the supply.
    3. The date of issuing the Tax Invoice.
    4. A description of the Goods or Services supplied.
    5. The total Consideration and the Tax amount charged.