
VAT de-registration, sometimes referred to as termination or end of VAT registration. It is a popular procedure used by businesses to terminate their VAT registration with the UAE Federal Tax Authority. Only when all legal requirements are satisfied may the FTA approve VAT deregistration in the United Arab Emirates, then the termination is justified. VAT de-registration is a process that allows a business in the United Arab Emirates to cease paying taxes, either voluntarily or involuntarily.
If a business stops producing taxable supplies or if its sales in the first year following FTA registration did not reach AED 187,000, it can deregister from VAT in the United Arab Emirates.
VAT Deregistration Services in Dubai, UAE
The FTA website can be used to perform the straightforward online process of VAT deregistration in the United Arab Emirates. But before requesting VAT deregistration, companies need to obtain a corporate liquidation letter from the government. VAT Accounting offers seamless VAT deregistration services in Dubai and the UAE to help businesses terminate their VAT services.
As per the Federal Decree-Law No. 8 of 2017, companies have the option to opt out of paying VAT provided they fulfil certain requirements.
What are the Types of the Deregistration Process?
Voluntary | Mandatory |
A Registrant is not permitted to request VAT Deregistration within 12 months after the date of registration, under Article 17. If an organisation fulfils the following requirements, it may move forward with a voluntary deregistration procedure –
| In the UAE, mandatory deregistration A business may proceed with an obligatory deregistration procedure. If the business ceases to generate AED 375,000 in revenue if the business doesn’t provide any taxable goods. |
How Can VAT Accounting Help in VAT Deregistration?
In accordance with Emirati VAT regulations, VAT Accounting offers professional VAT deregistration services in the United Arab Emirates. VAT Accounting simplifies the deregistration procedure for you by analysing the A to Z factors. To streamline the process, VAT Accounting examines your business operations and deregistration options right away.
We recognise the significance and necessity of VAT services for all business entities operating in the United Arab Emirates. We provide a broad range of VAT services in Dubai, which include –
- Deregistration of VAT
- Filing and payment of VAT
- VAT registration and training
- Control and compliance with VAT
- Effect on the cash flow of the company, etc.
In addition to providing VAT deregistration services in Dubai, VAT Accounting offers a range of business services, such as due diligence, accounting software, bookkeeping and accounting services, auditing services, and CFO services.
Please feel free to contact us with any questions you may have about your present business or the UAE VAT Deregistration procedure. VAT Accounting is there to assist you!
FAQ's
If the product or service provided after the deregistration date is related to the business activity conducted while the business was registered, the VAT can still be reclaimed.
Sporting activities, physical education, and services related to education are not taxable.
All manufacturers whose primary activity is the production of products and services are required to register for VAT.