Our experts are here to assist your business in the VAT de-registration process, ensuring a hassle-free experience. We will handle all communication with the FTA, providing full support throughout the process for your business.
VAT De-Registration Services in UAE
VAT De-Registration is a crucial process that demands meticulous attention from registered companies in the UAE. This process involves the cancellation of VAT registration with the Federal Tax Authority (FTA). Whether initiated by the registered entity or mandated by the FTA due to specific criteria being met, VAT De-Registration is a critical aspect of tax compliance. Failure to adhere to the de-registration requirements can lead to substantial administrative penalties.
Reasons for VAT De-Registration
If a business decides to cease its operations, whether due to closure, sale, or any other reason, it should initiate the VAT deregistration process.
When a business’s annual taxable supplies and imports fall below the mandatory or voluntary registration thresholds, it is eligible for VAT deregistration.
If there’s a change in a business’s legal structure, such as from a company to a sole proprietorship or vice versa, it may require VAT deregistration and subsequent re-registration.
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