Vat Deregistration Services

VAT Deregistration Service in Dubai, UAE

The United Arab Emirates (UAE) Federal Decree Law Number 8 requires a registrant to file for Tax Deregistration if the following conditions are met:

  1. If he ceases to make Taxable Supplies
  2. If the value of Taxable Supplies made over a period of twelve (12) consecutive months is less than the Voluntary VAT Registration Threshold, and the Registrant does not expect to breach the Voluntary registration threshold in the next thirty days.

Within twenty-one (21) business days of the occurrence of any of the above-mentioned events, the Registrant must apply to the Authority for VAT de-registration. When the above mentioned two criteria are met, the Federal Tax Authority (FTA) will accept a VAT Registrant’s application for Tax Deregistration. VAT Deregistration in Dubai, UAE is an online process that may be accessed through the Federal Tax Authority’s website. Before applying for VAT Deregistration, the applicant should think about things like turnover criteria and business discontinuance.

Accountant Dubai is an experienced and reliable bookkeeping and accounting consultancy firm that has plenty of experience with VAT related matters. We offer professional VAT deregistration services in Dubai, UAE.

Accountant Dubai is an experienced and reliable bookkeeping and accounting consultancy firm that has plenty of experience with VAT related matters. We offer professional VAT deregistration services in Dubai, UAE.

VAT Registration, Amendments, & De-registration

You will be notified of the pre-approval after the FTA confirms acceptance of your VAT de-registration application form. In the dashboard, the status of your de-registration will be updated to ‘pre-Approved.’ In the “VAT returns” area, you will also be needed to submit a final tax return, which will be prepared by the system. You will receive an email and a text message alerting you of the application’s progress and requesting that you finish the payment of any outstanding charges.

Vat Deregistration Dubai

Vat Deregistration Uae

Penalties against non-deregistering in Dubai, UAE

The penalties for failing to deregister a firm that falls into one of the above-mentioned categories are quite explicit in the UAE VAT Law. Companies who do not deregister after falling into one of the above categories will be fined AED 10,000 under UAE VAT law. To prevent non-compliance penalties, every VAT registrant in the UAE must evaluate if they would fall into the categories stated in UAE VAT Law.

Accountant Dubai – Registered TAX Agent in the Dubai, UAE offering professional VAT Deregistration Service in UAE.

Faqs

VAT registration in Dubai, UAE can be cancelled by submitting an application to the FTA for Tax Deregistration. A tax registered person must file for tax deregistration if he has stopped producing taxable supply or if his taxable transaction has fallen below the voluntary registration threshold in the previous 12-month period, according to the VAT Law.

When a tax registered individual quits making taxable supply or if his taxable transaction falls below the voluntary registration threshold in the previous 12-month period, he must be deregistered. Similarly, if the taxable transaction for the previous 12 months is less than the statutory registration threshold but greater than the optional registration threshold, Voluntary Deregistration can be used.

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