26 December 2017

Register your company for VAT before 1 January 2018

Out of our promise to keep you updated with developments related to the UAE VAT Law announced recently, we would like to remind our valued cleints with taxable supplies above AED 375,000 in the year 2017, to register for VAT before 1 January 2018 by visiting the Federal Tax Authority (FTA) website and follow the required steps. Once you are registered for VAT, please make sure that you provide us with your VAT registration number issued by the FTA, by sending it at at customerservice@rakez.com.
Furthermore, and based on the latest update received from the FTA, VAT will be applicable on all services, contracts and agreements extending into the VAT effective period, i.e. 1 January 2018 will be subject to VAT on a pro-rata basis. Consequently, RAKEZ will reserve the right to claim for the VAT fees calculated as 5% of the due amount for the period from 1 January 2018 until end of the contract/agreement.
For Offices, Lands and Warehouses clients, please note that in alignment of your lease agreement/applicable law, you will be required to pay all the government taxes.
For Flexi clients, please refer to the updated Terms and Conditions via below link.
Kindly note that we will be communicating all VAT related updates as more details become available. In the meantime, should you have any question, please contact our Customer Service on 800 RAKEZ (72539), +971 7 2041111 or you can email us at customerservice@rakez.com.

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