VAT de-registration is simply the procedure of terminating VAT registration. It implies de-activation of the registration and the VAT (Value Added Tax) number of the taxable person. VAT deregistration can be applied for by an individual registered under VAT or done by the Federal Tax Authority on finding that a person meets the conditions for de-registration.
A business or an individual registered under VAT can only apply for VAT Deregistration in the following circumstances
The consequence for neglecting to apply for a mandatory de-registration of VAT within the predefined timeframe i.e. within 20 business days, from the occurrence of the event causing the taxable organization to get qualified for tax deregistration, is AED 10,000.
At the point when an element satisfies the criteria to de register for VAT in UAE, the can do as such through signing into their VAT Account on FTA Portal. After login in, through VAT deregistration structure UAE you can provide the subtleties alongside the purpose behind the VAT deregistration. Some data will as of now be populated into structure from the earlier enlistment information. The choice of FTA to affirm the application for de registration of VAT depends upon the gave reason just as the freedom of all:
Be unbothered with your taxes, for AMCA is here to be your helping hands in making things less complicated regarding the completion of your tax requirements.