What is VAT De-registration
It is common for businesses to de-register for VAT with the UAE Federal Tax Authority, also known as cancelation or termination of VAT registration. Only the FTA can approve a VAT deregistration in the UAE if the reasons for termination are valid and the necessary conditions are met. Upon registering with the FTA for the first time, businesses that do not exceed AED 187,00 in their first 12 months of operation or cease making taxable supplies can deregister from the VAT case.
There will be no de-registration of registrants if,- The application is not submitted within 20 business days.
- Taxes and penalties due have not been paid.
- Taxes for the period when they were registered have not yet been filed.
Simplify Your VAT De-Registration Process
If your business is no longer required to be VAT registered, it’s essential to de-register properly to avoid penalties. At alba, we offer expert VAT de-registration services to help you navigate this process smoothly and in full compliance with UAE tax laws. Contact us today to discuss your VAT de-registration needs!
Why De-Register for VAT?
- Avoid Unnecessary Compliance If your business is no longer required to be VAT registered, de-registering can save you from the administrative burden of filing VAT returns and maintaining VAT records.
- Reduce Costs De-registering from VAT helps you avoid unnecessary VAT compliance costs and penalties for non-compliance with VAT requirements.
- Stay Legally Compliant UAE VAT laws mandate that businesses which no longer meet the registration requirements must de-register, or they may face fines of up to AED 10,000 for failure to de-register on time.
