VAT-De-Registration
WHAT IS VAT DE-REGISTRATION
VAT deregistration in UAE allows a taxable person or a business to cancel their VAT registration and suspend their Tax Registration Number (TRN). FTA VAT Deregistration is an online process.
Only the businesses and individuals who are registered under Federal Tax Authority (FTA) can de-register from VAT. THE late VAT Deregistration penalty will be AED 10,000.
A registrant must apply for VAT deregistration within 20 business days from the occurrence of the above-mentioned events. Registrants can easily apply for VAT deregistration by accessing their FTA portals. IMPORTANT: Please note, if the date of submission of this 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. Companies that are getting closed must have a company liquidation letter from the government authorities to apply for VAT Deregistration.
