Expert VAT Deregistration Services by TAG: UAE's Leading Tax Consultants & FTA Approved Tax Agency. Ensure Compliant Cessation, Avoid Penalties & Manage Final VAT Obligations Smoothly.
Our VAT Deregistration Services
At TAG, we specialize in VAT deregistration services in the UAE, ensuring businesses who are no longer required to be VAT-registered can cancel their VAT registration smoothly and compliantly. Whether your business is closing down, ceasing taxable activities, or no longer meeting VAT thresholds, our team will guide you through the deregistration process, ensuring all documentation is submitted correctly and in a timely manner.
Why VAT Deregistration is Important
VAT deregistration is an essential process for businesses that no longer need to remain VAT-registered. This could be due to various reasons, such as ceasing taxable activities or meeting specific revenue thresholds. It is crucial to manage this process properly to avoid penalties or non-compliance with the Federal Tax Authority (FTA). At TAG, we provide clear guidance on how to navigate VAT deregistration to ensure your business complies with UAE regulations.
Types of VAT Deregistration
There are two main types of VAT deregistration: mandatory and voluntary.
- Mandatory VAT Deregistration
A business is required to apply for VAT deregistration if:- The business stops carrying out economic activities.
- The business stops making taxable supplies.
- The business is no longer considered a legal entity (e.g., company closure).
- Voluntary VAT Deregistration
A business may choose to voluntarily deregister if:- The value of taxable sales in the last 12 months is below the voluntary threshold but above the mandatory threshold.
- The expected value of taxable sales in the next 12 months is expected to be between the voluntary and mandatory thresholds.
Timeframe for VAT Deregistration
Businesses must apply for VAT deregistration within 20 business days from the occurrence of the deregistration event. For businesses closing down, a company liquidation letter from the relevant authorities is required before VAT deregistration can proceed. Once the application is approved, you will need to file a final VAT return and settle any liabilities. Upon submission of the last VAT return and clearance of all liabilities, the FTA will cancel your VAT registration.
Why Choose TAG for VAT Deregistration Services?
At TAG, we understand the complexities of VAT deregistration and are committed to providing businesses with expert guidance to ensure compliance with UAE tax laws. Here’s why you should choose TAG for VAT deregistration:
- Expert Guidance: Our team of VAT experts ensures that all steps of the VAT deregistration process are handled accurately and promptly.
- Tailored Services: We adapt our services to your business’s specific needs, ensuring the deregistration process is smooth and compliant with UAE regulations.
- Time and Cost-Efficiency: We help you save time and avoid costly errors by managing the deregistration process for you, from document preparation to submission.
- Seamless Process: With TAG, you’ll experience a streamlined process that minimizes disruption to your business operations.
If your business no longer needs to be VAT-registered, TAG is here to help you manage the VAT deregistration process with ease. Our team will guide you through every step and ensure that all documentation is submitted to the FTA on time.
