When To De-Register VAT In UAE

FTA APPROVED TAX AGENCY

VAT Returns deadline is 28th of every month. Excise Tax Returns deadline is 15th of every month New Companies Alert: If you incorporated your business on or after March 1, 2024, you have 3 months to register for Corporate Tax. Individual Business Owners: If your business turnover in the UAE exceeds AED 1 million in a year, you must apply for Corporate Tax by March 31 of the next year. Click here to know the Foreign Exchange (FX) rates applicable for VAT from the UAE Central Bank website

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September 28, 2021 VAT

Question:- When to de-register VAT in United Arab Emirates (UAE)?

Answer:- If your taxable supplies (or) taxable expenses are less than AED 375,000 during the last 12 months and not expecting to cross it in the next 30 days, then you have following scenarios to consider:

If your taxable supplies & taxable expenses during the last 12 months are:

1) Less than AED 187,500 then you need to go for compulsory de-registration
2) NILL then you need to go for compulsory de-registration
3) More than AED 187,500 & less than AED 375,000 then you may apply for voluntary de-registration

Anytime of the year, if you stop making taxable supplies or if you are closing your company, you need to de-register compulsorily

Read Questions relating to VAT Deregistration here: Click

Read VAT De-registration article here: Click

You can also watch a video on de-registration here: