Overview
Once a business is a Tax Registrant with the FTA, it must deregister on the following two events
- A Tax Registrant stops making taxable supplies and does not expect to make any taxable supplies over the next 12 months
- Taxable supplies in the previous 12 months is less than the Voluntary Registration threshold (AED 187,500) and are not expected to exceed the Voluntary Registration threshold in the next 30 days
Deregistration application should be made to FTA within 20 business days of the occurrence of the above event.
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We will assist you in the deregistration process and complete the documentation.
Frequently Asked Questions
VAT Deregistration is the process of cancelling the VAT registration. Once the business is deregistered, the business would no longer be a VAT registered business. Deregistration from VAT could occur in the following events:
- Closure of the business
- Taxable supplies falling below the minimum threshold required for registration.
In the above events, the business needs to apply for deregistration within 20 business days from the date when the event occurred, providing the required information and documentation. Please be aware that there are penalties for delay in Deregistration.
However, if the business continues to make supplies and subsequently it reaches the minimum threshold of VAT registration, it will again be required to apply for VAT registration.
A VAT registered business needs to make an application to FTA through the FTA portal for the deregistration providing the information and documentation. The deregistration application should be submitted to FTA within 20 business days of the occurrence of the deregistration event.
No. As per the UAE VAT Law, a VAT registered business must apply for deregistration within 20 business days of the occurrence of the deregistration event.