Vat De registration UAE

VAT DE – REGISTRATION

Vat De registration UAE

What does
De – registration from
VAT mean?

The option for a registered taxable person to revoke their VAT registration is known as tax de-registration. It entails cancelling the taxable person's registration and Tax Registration Number (TRN). A person registered under VAT may apply for tax de-registration, or the FTA may take action if it determines that the individual fits the requirements.

When can a business De – register from VAT?

When can a business De – register from VAT?

  • The person ceases making taxable supply and doesn't anticipate continuing to do so for the ensuing 12 months OR
  • The person's taxable supplies or expenses over the course of a year are less than the voluntary registration level (AED 187,500), and they don't anticipate going over it in the next 30 days.

It must be noted that a person who voluntarily registered under VAT is not eligible to deregister within a year of the registration date.

With the aforementioned requirements for VAT de-registration in mind, the following process should also be taken into account:

  • A registrant must submit a de-registration application within 20 business days following the occurrence of one of the two above - mentioned events. The registrant must make sure that all due taxes, administrative fines, and tax returns have been paid and filed. Unless these are completed, the registration will not be revoked.
  • Upon approval of the de-registration application, the registrant's registration will be cancelled on the last day of the tax period during which the de-registration event happened or on the date that the Federal Tax Authority determines. Within 10 business days of the de-registration application being approved, Federal Tax Authority will send the registrant a notification that the de-registration was successful.
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How can we help with de – registration from VAT?

Understanding the rules and regulations that must be adhered to in order to de-register for VAT is necessary. At Oxford Auditing, we support our clients with all the sophisticated accumulated tax expertise that our staff members possess, allowing us to offer the highest level of service.