VAT De-Registration in UAE

VAT De-Registration in UAE

WHO

Who is having TRN

WHEN

If the value of the Taxable Supplies made over a period of (12) consecutive months is less than the Voluntary Registration Threshold i.e., AED 187,500/ and he does not anticipate that they’ll cross the Voluntary registration threshold during the coming 30-days. The Registrant must apply to the Authority for de-registration in accordance with the cases mentioned above, within (20) business days of the occurrence of any of them.

WHERE

Federal Tax Authority’s online portal https://eservices.tax.gov.ae/en-us/

HOW

Log in FTA Account and Click “Deregister”

1. Taxable Person Details are pre-populated in the de-registration application.

2. Provide the reasons and effective date for de-registration Please select from the dropdown list the basis you are de- registering for VAT, i.e.

  • Business no longer making taxable supplies
  • Business making taxable supplies, but below the Voluntary Threshold
  • Business making taxable supplies, above the Voluntary Threshold, but below the Mandatory Threshold
  • Other – please specify the reason

Status and Explanation

1. Pending: once the de-registration request is submitted by the Taxable Person

2. Submitted: after FTA requests for additional information

3. Pending: once the Taxable Person has submitted the additional information requested.

4. Pre-approved: once FTA approves the de-registration application and there are outstanding liabilities.

5. Pre-approved: once FTA approves the de-registration application and there are outstanding liabilities.

Consequences

If the date of submission of de-registration form is more than 20 business days from the date the Taxable Person is required to de-register then you will be subject to a late de-registration penalty of AED 10,000.

For more information,please contact UAE Federal Tax AuthorityClick here

Connect with whatsapp

Please fill out the form below and we will get back to you as soon as possible.