Your Information

VAT Readiness Assessment

1. Your business is based in the UAE and expects its taxable supplies (including imports subject to VAT) to reach AED 400,000 over the next 12 months. What must you do under UAE VAT rules?
A. Register for VAT only once your supplies actually exceed AED 400,000.B. Register for VAT now because your supplies are expected to exceed the mandatory threshold of AED 375,000.C. You don’t need to register because your current supplies are still below AED 500,000.D. You may register voluntarily (but are not required) because you expect higher turnover.

2. Which one of the following best describes the scenario for VAT invoices and record-keeping under UAE VAT law?
A. You issue a VAT tax invoice but don’t maintain it for more than one year because you assume it’s not needed beyond that.B. You issue the tax invoice, keep digital and physical copies for the full retention period, and ensure your accounting system links to the invoice details.C. You only keep the invoice if the customer requests it; otherwise, you rely on summary records.D. You issue invoices but don’t check whether your IT/accounting system captures all required fields (such as TRN, date, description, etc.).

3. Which statement best describes where your organisation currently stands with respect to the upcoming e-Invoicing mandate in the UAE?
A. We are unaware of the new e-Invoicing obligations in the UAE (such as machine-readable format, accredited service providers).B. We are aware that an e-Invoicing mandate will apply (for B2B/B2G) but have not yet assessed what our systems need to do.C. We have completed a gap-analysis (system, process, master-data) for e-Invoicing readiness and are working on changes.D. We are fully integrated (or in process) with an Accredited Service Provider (ASP), our invoicing format is being aligned to the required structured format (e.g., XML/JSON) and we have defined go-live readiness ahead of the mandated deadlines.

4. With reference to the UAE’s upcoming e-Invoicing system (including the five-corner Peppol-based model and Accredited Service Providers), which scenario best matches your organisation’s readiness?
A. We will continue issuing invoices in PDF/Word/scan formats and assume we’ll update when the mandate formally kicks in.B. We plan to upgrade our accounting/invoicing system but haven’t yet selected an ASP or translated our invoice-format to structured XML/JSON.C. We have selected an ASP or are evaluating accredited service providers, our system is being updated to produce machine-readable format (PINT/Peppol), and we have allocated budget/time.D. We have fully connected with an ASP, our ERP/invoicing lines are issuing e-Invoices in the correct structured format, we have pilot-tested transactions, and we have archiving and audit workflows aligned for the mandate go-live.