When to de-register VAT in UAE
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