VAT De-Registration Services
As per Federal decree law no 8 of 2017 on Value Added Tax, a company fulfilling the eligibility criteria for VAT registration must be registered for it. However, in case it’s no longer meeting the conditions required for VAT registration and fulfills the VAT De-registration conditions then you can apply for deregistration to terminate the VAT registration procedure. There are various reasons why a tax registrant could decide to cancel its VAT registration in UAE. The reasons should fall under the conditions set according to the UAE’s law on VAT.
If you are a firm eligible to apply for the VAT deregistration process then you must do so to avoid penalties set under the UAE VAT law. As per cabinet resolution no 40 of 2017 on Administrative Penalties for Violations of Tax Laws in the UAE, ‘The failure of the Registrant to submit a deregistration application within the timeframe specified in the Tax Law will attract a penalty of AED 10,000.
For companies that need help with the de-registration procedure, Shuraa Tax Consultants and Accountants provide complete support with quick & easy solutions.
Every business whether big or small needs expert financial tax and accounting services to serve its company’s taxation and financial requirements. We, at Shuraa Tax Consultants and Accountants, make sure to give the customized solutions through our expert team of advisors, accountants, and consultants. Our highly qualified staff is committed to providing you with the highest level of professionalism in all financial areas including VAT registration or deregistration, return filing, accounting, financial planning, etc. all as per the FTA’s established rule.
We are a leading tax consultant in UAE. Get in touch with our expert team members who will help you grow your business and offer you full assistance on tax management issues or any other VAT related problem. In case you need to know more about this service or any other, feel free to contact us.