Value Added Tax (VAT)
DEAR VALUED CUSTOMER,
Starting from 1st January 2018, most of Government charges and Crosslink Service Charges shall be subject to 5% value added tax in compliance with the federal Laws & regulations levying and regulating the tax in the UAE.
CROSSLINK INTERNATIONAL DOCUMENTS CLEARING SERVICES’s Tax Registration Number is 104150023000003.
CROSSLINK INTERNATIONAL ACCOUNTING & BOOKKEEPING’s Tax Registration Number is 100512884600003.
VAT is a consumption tax that the end user is obligated to pay and Crosslink will be only acting as a collection Agent on behalf of the taxation authority.
Crosslink is legally obliged to comply with this Government mandate from 1st January 2018. For more information, please contact us.
FAQ
1.What is VAT?
Value Added Tax (VAT) is an indirect tax that is being introduced by the UAE Government, which will be payable by both business and Individuals. Know more here.
2. When will the VAT go into effect and what will be the rates?
VAT will be introduced across the UAE on 1 January 2018 at a standard rate of 5%.
3. How will VAT apply to Crosslink services?
VAT will apply to applicable services at a rate of 5%. Further details regarding VAT application on our services will be made available in the coming weeks.
4. Is it compulsory to pay VAT?
Exceptions to VAT are only by law, and these are published by the Federal Tax Authority. There is a possibility for business owners to claim back their VAT payments, provided they have registered for VAT and meet the requirements. For further details, please visit www.tax.gov.ae
5. How will Crosslink charge VAT for Clients?
From 1st January 2018, most of the services provided by Crosslink shall have VAT applied upon consumption, in compliance with the provisions of the law and its Executive Regulations i.e. a service charge of AED 100 will become AED 105
6. How can a business register for VAT and receive a Tax Registration Number (TRN)?
Businesses can register for VAT tax through the e-services section on the FTA website. However, first, they need to sign up an account first. For more details about VAT tax registration, please read the Getting Started Guide — VAT.
7. What is Crosslink’s Tax Registration Number?
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- CROSSLINK INTERNATIONAL DOCUMENTS CLEARING SERVICES’s Tax Registration Number is 104150023000003.
- CROSSLINK INTERNATIONAL ACCOUNTING & BOOKKEEPING’s Tax Registration Number is 100512884600003.
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