VAT Deregistration Services

Not enough taxable supply? We will help you deregister VAT

VAT deregistration is simply the cancellation of your VAT registration. The Federal Tax Authority had announce that businesses can opt to deregister so long as certain conditions are met pursuant to the Federal Decree-Law No. 8 of 2017.

INTANGIBLES offers seamless VAT deregistration support an ensure that compliance with all requirements of the law and ultimately avoid consequential fines and penalties

Notes on VAT Deregistration

A registrant under Article 17 may not apply for tax deregistration within 12 months of the date of tax registration. Article 23 – Voluntary Tax Deregistration

Deregistration Cases

If the registered business stops making taxable supplies
If the value of the taxable supplies made over a period of 12 consecutive months is less than the Voluntary Registration Threshold and the Registrant does not meet the condition stipulated in Clause 2 of Article 17 of the Decree Law.
If the Authority finds that continuity of such Tax Registration may prejudice the integrity of the Tax system.
Tax deregistration shall not result in the relinquishment of the authority’s right to claim any due tax or administrative penalties.

A VAT registered business may apply through the FTA portal for tax deregistration if the value of his taxable supplies made during the past 12 months was less than the mandatory registration threshold.