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A Guide Value Added Tax (VAT) Deregistration in the UAE

With the introduction of VAT in the UAE, every business here is mostly aware of the importance of VAT registration with the Federal Tax Authority (FTA). However, one important process that often gets less appearance by the eligible business is VAT Deregistration. VAT deregistration is as important as VAT registration and the companies should have a better Knowledge related to this. when and under what circumstances they should apply for VAT deregistration in the UAE otherwise big penalty may be attracted for late application for VAT deregistration. The companies are required to apply for deregistration within 20 business days of becoming eligible for vat deregistration. The failure to apply to deregister within this timeframe would attract a penalty of AED 10,000.

What is VAT Deregistration?

VAT deregistration is a process where the registered companies are required to cancel their VAT registration with the Federal tax authority. The deregistration process becomes an important part when the taxable company ceases its operations or the requirement of VAT registration is no longer needed. The businesses need to apply for VAT deregistration and the Federal tax authority will cancel the registration once it receives the application after the successful submission of the required documents. The Taxable firms should know all the procedures of the VAT deregistration as the failure to apply will attract administrative penalties. The expert advice of best VAT consultant services in Dubai, UAE could be availed to apply for VAT deregistration on time and prevent the penalties.

Eligibility for VAT Deregistration

The registered companies that do not affect the taxable supplies can apply for tax deregistration with the FTA. The VAT registered companies also are eligible for voluntary deregistration if the worth of the taxable goods and services is decreased by the prescribed threshold of AED 375,000 but above the voluntary threshold of AED 187,500. But, when the taxable supplies are below the voluntary threshold then the corporate is compulsorily required to deregister from VAT.

As per the FTA guidelines, the businesses undergo two sorts of VAT deregistration. within the first instance, the businesses can apply for voluntary VAT deregistration. The second is compulsory VAT deregistration where the FTA itself cancels the VAT registration of the firms eligible for deregistration. Be it Voluntary or compulsory, the businesses got to understand the standards and eligibility norms for the deregistration process. the companies are advised to outsource their tax services to the simplest VAT consultant firms in UAE to urge in-depth knowledge about each of those norms.

Compulsory VAT-Deregistration

The registered businesses become eligible for compulsory VAT deregistration when or the taxable supplies are but the voluntary registration threshold limit. In such cases, the corporate must compulsorily apply for VAT de-registration.

Voluntary VAT Deregistration

The businesses can choose voluntary VAT deregistration if the taxable supplies for the past 12 months don’t exceed the Compulsory VAT registration threshold of AED 375, 000 but are above the voluntary registration threshold of AED 187,500.

 How to Deregister for VAT in the UAE?

The companies choosing VAT deregistration are required to submit the application to the FTA. the required details and therefore the reason for the deregistration should even be submitted. The FTA will verify the rationale and if it’s found to be valid then the authority will approve the voluntary deregistration. The FTA also will verify the following:

  1. Status of Returns
  2. Outstanding tax payments
  3. Any penalties that are pending

A pre-approval for VAT deregistration is often secured if the rationale is valid. However, the ultimate approval is going to be on hold until the outstanding payments are cleared.

Deregistration for VAT Groups

The eligibility for the VAT deregistration of VAT groups is the same because of the criteria for the individual taxable entities. However, certain other criteria also apply to the VAT groups for applying for deregistration:

  1. The VAT deregistration is going to be approved if the group does not meet the conditions to be considered as a VAT group
  2. The group might be granted deregistration if the constituent member companies are not any longer financially related to the group
  3. Deregistration is going to be approved if the FTA anticipates the tax status of the group may lead to evasion

VAT Consultants in the UAE

The taxable companies in the UAE apply for canceling the VAT registration with the FTA for various reasons including the stoppage of manufacturing taxable supplies or when the corporate ceases its operations. In such cases, companies must use for VAT deregistration. The VAT-registered companies, however, got to understand when and the way they ought to cancel their VAT registration. this is often where a number one VAT consultancy firm just like the Parsh comes into the image. Parsh’s well-qualified VAT services Providers associated with VAT within the UAE. Parsh offers services like VAT registration, filing of VAT returns in compliance with the FTA regulations and guidelines, and VAT deregistration. Parsh’s tax agent’s help the clients complete allot e of VAT-related requirements in time and stop them from incurring penalties, thereby letting them do business with peace of mind.


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