VAT Registration

VAT registration is a process in which a business officially registers for Value Added Tax (VAT) with the relevant tax authority. This is required when a business's taxable turnover exceeds a certain threshold, making it obligated to collect VAT on sales and pay it to the government. Registered businesses can also reclaim VAT on their purchases. VAT registration helps track and ensure compliance with tax laws, while also maintaining transparency in financial transactions. It’s an essential step for businesses operating within VAT systems in many countries.