VAT Deregistration Services in Dubai, UAE

The termination of VAT registration is commonly known as VAT Deregistration. However, in the UAE, VAT Deregistration refers to the process of voluntarily canceling one’s VAT registration with the Federal Tax Authority (FTA). Various factors can lead individuals or businesses to opt for VAT deregistration in the UAE, and these reasons must align with the conditions outlined by the VAT-related legislation. It’s crucial for these reasons to meet the validity criteria, as the FTA may reject deregistration applications that do not comply.

For both individuals and businesses subject to VAT, the process of VAT deregistration holds equal importance as the initial registration process. It is imperative for business owners to be well-versed in the regulations and procedures for VAT cancellation in the UAE, as failing to submit the application within the stipulated timeframe, as per tax laws, can result in the imposition of administrative penalties.

Eligibility to apply for VAT Deregistration

If you are a taxable entity, it is important to initiate the VAT deregistration process within a 20-business day timeframe once your business ceases activities related to VAT supplies.

The circumstances warranting an application for VAT deregistration include:

- The business or taxable entity does not generate taxable supplies and does not anticipate doing so in the next 12 months.
- The business or individual continue taxable supplies, but the total revenue of the preceding 12 months is below the Voluntary Registration threshold of AED 187,500.
- Despite ongoing taxable supplies, the revenue generated in the previous 12 months falls below the Mandatory Registration threshold of AED 375,000, and a period of 12 months has transpired since the date of voluntary registration, if applicable.

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Our Approach

Consulting Review

Before we start doing business together, you will get a complimentary consulting review on your current financial status.

Quality advice

It’s important to be aware of how healthy your financials are and we make sure to always keep you up to date and provide advice on how to improve them.

Fixed-fee pricing

You’ll never have to worry that the meter’s running. Consistent, predictable fees mean you’ll be able to accurately budget for your outsourced accounting services.

Security

We sign NDAs with all of our employees and associates and we never share your numbers with anyone.

We learn your business inside out

We understand your processes and business which will make our cooperation smooth and easy to manage.

No downtime

With an in-house team or a freelancer, you’re running the risk of the person getting sick or leaving. We always provide someone to cover the position. This makes sure your accounting is taken care of with no downtime.

Pay for what you need, when you need it

We customize our services to fit your business. You can outsource all your accounting needs to us, or we can complement your existing staff.

Cloud-based accounting systems

We also provide a custom app-based system for cloud-based accounting systems—such as QuickBooks, Xero, and Sage – configured to meet your business’s needs, both now and as it grows. If you’re using some of the other options, no worries, we support them too!

Software capabilities

Our teams have experience of all commonly-used software and with a little bit of training, we can work with the uncommon ones too.

VAT Deregistration Services in Dubai, UAE