VAT Deregistration

At Periority Accounting and Tax consultants, we are providing VAT deregistration in Abu Dhabi and we claim that we are providing the best Business deregistration services in Abu Dhabi.

VAT services in Abu Dhabi is an online process. Businesses and individuals who are registered under the Federal Tax Authority (FTA) can de-register from VAT in two situations:

  1. If their turnover did not exceed AED 187,500 in the 12 months after registering with the FTA, they must apply for the VAT Deregistration.
  2. If the business stops making taxable supplies then they have to apply for VAT deregistration.

If a tax registrant applied for Voluntary registration on January 1, 2018, and after 12 months (on December 31, 2018) if the business has not made taxable supplies equal to AED 187,500, the business shall analyze and evaluate if it’s taxable supplies will exceed within the voluntary threshold (AED 187,500) in the next 30 days (ending January 30, 2019) then they can apply for VAT Deregistration in the next 20 days.

 

AT Deregistration is an online procedure and it can be easily accessible through the FTA portal.

The businesses which are closed must have a company liquidation letter from the authorities in order to apply for VAT Deregistration.

The businesses which are making taxable supplies in the last 12 months since the registration are below the threshold (AED 187,500) then they must have a financial statement (signed and stamped) for the last 12 months showing that the business is not able to make taxable supplies above the threshold.

VAT Deregistration must be applied within the 20 days of the above-mentioned situations.

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