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VAT Deregistration Services in Dubai, UAE

Value-Added Tax (VAT) deregistration/cancellation in the UAE is an online procedure that is done through the Federal Tax Authority (FTA) portal. However, companies that go out of business must obtain a corporate liquidation letter from government authorities to request VAT cancellation. MASAR offers seamless VAT deregistration services in Dubai and the UAE to help businesses cancel their VAT services. In a recent issue, the FTA announced that companies can opt for VAT reduction based on certain conditions under Federal Law Decree No. 8 of 2017. Cancellation of VAT in UAE is a procedure that allows a company to stop paying taxes on a voluntary or mandatory basis.

Once the application for the cancellation of the VAT registration in UAE has been submitted to the FTA. Will verify the request and delete the VAT number provided to the entity if it has complied with the law. If the reasons are not valid and the conditions are not met. FTA can refuse the unsubscribe request. The FTA has proclaimed that the UAE’s tax system is entirely based on the voluntary fulfillment of taxable persons. Whether it is concerning registration, filing of tax returns, and payment of taxes due or cancellation.

VAT Deregistration Services in UAE | MASAR Chartered Accountants

VAT Deregistration Services in UAE:

Therefore, a company can request voluntary or mandatory cancellation. As discussed below:

  • If it has been completed 12 months from the date of Tax Registration.
  • If it no longer supplies the taxable goods.
  • If its annual turnover is below AED 187,500 even after supplying taxable goods.
  • If its total value of the anticipated taxable supplies or expenses subject to tax in the coming 30-days period. Will not exceed the voluntary registration threshold.
  • If the company is closed forever.

VAT Deregistration Form Submission?

  • Fulfill all the criteria to deregister for VAT in UAE.
  • Log in to the VAT Account on FTA Portal.
  • Fill out the VAT deregistration form along with the details and the reason for the VAT deregistration.
  • Receive SMS confirmation on the registered number for submission.
  • Submit the form electronically.

After successful submission, you will find the application status as “pre-approved”. It will only be “Past” when you remove all liabilities.
If you are planning to continue with your business or are expecting a new investor. It is not recommended to continue with the VAT cancellation process. If such a situation arises. It is best to keep the Tax Registration Number (TRN) and file the tax return at ZERO. If the company expects a good return within the next twelve-month period.

How MASAR helps….?

MASAR provides expert VAT cancellation services in UAE under UAE VAT laws. We break down the reasons from A to Z and simplify the deregistration process. From scratch, MASAR reviews your business activities and cancellation options to streamline the process.

We identify the importance and need for VAT services for every business entity in the UAE and provide a wide range of VAT services in Dubai including: –

Organizational VAT Cancellation:

In the UAE, the VAT deactivation method is the same for organizations and individuals. The distinction is seen in the requirements of the VAT groups.

In addition to meeting other requirements, the FTA can allow organizations to be canceled from VAT if any of the following occurs: The registrant no longer meets the criteria for group categorization. Group companies are no longer financially linked to the organization.

If FTA believes that the tax status of a group may lead to tax evasion, it can decide to withdraw the group’s VAT registration.

After reviewing the application and confirming that it meets the compensation requirements, the FTA will cancel the VAT declarant, with effect from the end of the last tax period in which the taxable person spent to be eligible for VAT cancellation.

What do we do?

In tax services, MASAR provides the following services: VAT implementation services VAT return required VAT training courses for entrepreneurs, organizations, and consultants are provided through VAT consultancy services Verification service tax agent compliance and cancellation of VAT registration services in all seven states of the United Arab Emirates (Emirates of Dubai, Abu Dhabi, Sharjah, Ajman, Fujairah, Ras Al Khaimah, Um-Al-Quwain)

In addition to meeting other requirements, the FTA can allow organizations to be canceled from VAT if any of the following occurs: The registrant no longer meets the criteria for group categorization. Group companies are no longer financially linked to the organization.

For more information on VAT deregistration services, please contact us for more details on the deregistration process.