VAT Returns deadline is 28th of every month. Excise Tax Returns deadline is 15th of every month ESR Notification Submission deadline, 6 months from the end of the financial year ESR Report Submission deadline, 12 months from the end of the financial year Click here to know the Foreign Exchange (FX) rates applicable for VAT from the UAE Central Bank website
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Requirements for Company Liquidation Reporting

To initiate the process of company liquidation and ensure a comprehensive liquidation report, the following prerequisites must be meticulously compiled:

  1. Updated Know Your Customer (KYC):

   – Thoroughly updated KYC documentation to authenticate the identity of the involved parties.

  1. Legal Documents:

   – Provide the latest copy of the Trade License.

   – Furnish updated Memorandum and Articles of Association (MOA/AOA) copies.

  1. Management Credentials:

   – Present copies of visas and passports for all key management personnel.

  1. Financial Records:

   – Submit the previous year’s audit report, or in its absence, detailed sales, purchases, and expenses documentation for accurate liquidation report preparation.

  1. Visa Cancellation:

   – Include copies of visa cancellation documents for all relevant individuals.

  1. Liability Settlement:

   – Ensure that all outstanding liabilities are settled and documented.

  1. Bank Closure Confirmation:

   – Provide confirmation of bank account closure along with corresponding bank statements up to the closure date.

  1. Board Resolution:

   – A formal board resolution explicitly stating the decision to proceed with company liquidation.

  1. Public Notice:

   – Issue a Notice of Liquidation through a widely circulated advertisement. The liquidation report will be issued 45 days after this public notice.

  1. Tax Deregistration:

    – Include a copy of the Value Added Tax (VAT) deregistration certificate if the company is registered.

  1. Labor License Cancellation:

    – Furnish a copy of the labour license cancellation certificate.

  1. Departmental Clearances:

    – Obtain clearance letters from relevant departments, including:

       – Telecommunication Department (e.g., Etisalat, Du, etc.).

       – PO Box provider.

       – Customs authority.

       – Electricity & Water Authority.


By adhering to these comprehensive requirements, the liquidation process can be conducted efficiently and in compliance with all legal and regulatory obligations.


Why Spectrum Auditing?

Why Spectrum Auditing?

Spectrum Auditing guides you with the laws and regulations of UAE, covering most compliances applicable as well as enable you deal with any queries pertaining to Risk Advisory, Economic Substance Regulations (ESR),  Corporate Tax (CT), Transfer Pricing (TP), Ultimate Beneficiary Owner (UBO), Anti Money Laundering (AML), etc., after reviewing your business.


As a pioneer in the field of auditing, accounting, taxation, and advisory services, we keep track of all the changes taking place in the UAE concerning laws, rules, and regulations. We keep our clients informed and regularly share the same information through our blog section or social media handles. Call us today for any kind of assistance at +971 4 2699329or email [email protected] to get all your queries addressed. Spectrum is your partner in your success.


With Spectrum Auditing’s expertise and tailored solutions, we empower businesses to navigate the complexities of corporate taxation, enabling them to thrive in the UAE’s dynamic business environment.


Disclaimer: This material and the information contained herein, prepared by SPECTRUM AUDITING, are intended for clients and professionals to provide updates and are not an exhaustive treatment of the subject. We are not, by means of this material, rendering any professional advice or services. It should not be solely relied upon as the basis for any decision which may affect you or your business. This update provides certain general information as well as specific information regarding SPECTRUM AUDITING. This update should not be regarded as comprehensive or sufficient for the purposes of any decision-making.



Balaram Vuchidi

Managing Director
+971 50 9866 466
[email protected]
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