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VAT Deregistration

Deregistration of VAT in UAE

Generally, the termination of VAT registration is called VAT De-registration. However, with inside the UAE, De-registration of VAT is whilst a enterprise cancels its VAT registration with the Federal Tax Authority (FTA). Such reasons are needed to fall under the conditions defined by the Law related to VAT. Unless the reasons are valid and the conditions are fulfilled, the FTA might disapprove the application to de-registration.

For taxable individuals and businesses, VAT de-registration process is as important as it is to register for a VAT. Businessmen have to recognize the guidelines and method for VAT cancellation in UAE, as administrative consequences might be imposed upon failure to document an software in the time body specified in the tax law.

Eligibility for VAT Deregistration

As per the law defined under the regulations of FTA, the following eligibility is must apply for VAT De-registration in UAE.

Mandatory De-Registering VAT:

Under the rules such an individual or a business which,

  • Stops dealing in taxable items and offerings or,
  • The taxable elements or charges with inside the preceding one year and the destiny 30 days do now no longer exceed the voluntary registration threshold (i.e. AED 187,500)

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Colorful Umbrellas presented by SK Financial Services
How to Cancel Vat Registration In UAE?

How to Cancel Vat Registration In UAE? De-registering for VAT is a simple process. It involves the following steps:

Step 1: Visit FTA then VAT portal and sign in.

Step 2: Click at the de-check in button towards the VAT registration at the dashboard

Step 3: The taxable character information are already stuffed withinside the VAT de-registration application

Step 4: Select your motive for VAT de-registration from the drop-down options

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After Submission of Application

When the net shape is finished after supplying all of the information and reasons, it’s miles to be submitted electronically. The applicant de-registering for VAT will get SMS confirmation on their registered number for submission.

The FTA will analyze the application for the reasons provided along with the status of returns, and any pending penalties, or tax payments. If the entirety is in line with the policies and rules of FTA with none errors, the utility could be authorised and VAT Registration could be canceled. Read More

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Frequently Asked Questions (FAQ)

Businesses can de-register from VAT in the UAE by submitting a de-registration application form through the Federal Tax Authority’s online portal.

A company can de-register from VAT in the UAE if it no longer meets the VAT registration requirements or if it has ceased.

VAT de-registration in UAE refers to the process of removing a business from the VAT register.

There are no penalties for de-registering from VAT in the UAE within a specified time frame, however, if the Registrant does not submit a de-registration application within the time frame Stipulated with inside the VAT law, they'll be penalized with a price of 1,000 AED for every postpone and for each month thereafter till it reaches a most penalty of 10,000 AED.

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