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According to Article 19 of the decree law for calculating threshold limit of AED 375,000 for the purpose of mandatory registration, following supplies shall be included:

  • Value of taxable goods and services (includes zero rated supplies).
  • Value of concerned goods and services received by a person (concerned goods means goods that have been imported, and would not be exempt if supplied in state).

  • In case of acquisition of business, whole or part, value of the taxable supplies that belongs to person who transferred the business.
  • Taxable supplies made by related parties.

Exclusions:

The transfer of whole or an independent part of a business from a person to a taxable person for the purpose of continuing the business that was transferred.

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The entire contents of this article is solely for information purpose and have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation.. It doesn't constitute professional advice or a formal recommendation. The author has undertook utmost care to disseminate the true and correct view and doesn't accept liability for any errors or omissions. You are kindly requested to verify & confirm the updates from the genuine sources before acting on any of the information's provided herein above.

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