1 1

Self Tasheel

VAT De-registration

VAT De-registration

Dhs. 2,769.00 AED
Dhs. 2,769.00 AED
Sale Sold out

 

  • Conditions for VAT Deregistration

    • Taxpayer ceases making taxable supplies and does not expect to make supplies in the next 12 months
    • Taxable turnover over the last 12 months is less than AED 187,500 and does not expect to exceed this in the next 30 days

    *Voluntary deregistration may be made if taxable turnover exceeds AED 187,500 but is less than AED 375,000.

  • Taxpayers must submit the VAT deregistration within 20 business days from occurrence of the event that requires you to deregister.
  • Late deregistration may result to penalty of AED 1,000 and monthly thereafter, up to AED 10,000
  • Goods or services forming part of the business may be treated as a deemed supply and shall be reported in the final VAT return
  • Taxpayers shall continue to file the VAT returns until the deregistration is approved and final VAT return is generated


View full details