We understand the complexities of VAT Deregistration in the UAE. Our team of experienced professionals is dedicated to guiding you through VAT Deregistration Services in Dubai seamlessly and efficiently, ensuring that all requirements are met and the process is hassle-free.
- FAQ
VAT Deregistration
What is VAT Deregistration?
VAT deregistration is the process of cancelling your VAT registration with the Federal Tax Authority (FTA). It is typically applicable to businesses that have ceased operations or whose taxable supplies have fallen below the mandatory registration threshold.
When to Deregister?
You may be eligible for VAT deregistration if:
- Your business has ceased operations.
- Your taxable supplies have consistently fallen below the mandatory registration threshold of AED 375,000 for the past 12 months.
- You have voluntarily registered for VAT and your taxable supplies have consistently fallen below the voluntary registration threshold of AED 187,500 for the past 12 months.
How long does the VAT deregistration process take?
The FTA typically takes up to 20 business days to process a deregistration application. However, the overall process, including documentation preparation and submission, can vary depending on the complexity of your case.
What documents are required for VAT deregistration?
What happens after VAT deregistration?
Are there any penalties for late deregistration?
Yes, businesses that fail to deregister within the prescribed timeframe may be subject to penalties. It is crucial to initiate the deregistration process as soon as you become eligible to avoid potential penalties.
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