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Ease Your VAT Exist - The Right Way & Confidently with YCA

Make the crucial process of cancelling or terminating VAT for your business with the experts you can trust. Whether you are downsizing your business, closing operations, or simply not meeting the revenue threshold, deregister with FTA using our experts' advice, who promise utmost precision, legal compliance, and accurate closure. 

We also ensure that you exit the VAT system without any fines, penalties, or delays.

What Is VAT Deregistration In the UAE?

VAT Deregistration is the formal process of closing or canceling your Tax Registration Number (TRN) with the UAE Federal Tax Authority. To be eligible under this act, businesses must meet the criteria outlined in Federal Decree Law No. 8 of 2017.

Now, whether you are switching operational gears or shutting down your business due to a threshold, you must follow the correct legal steps or risk a fine of AED 10,000.

When Should You Consider De-registering?

You can apply for deregistering the VAT services if you meet the following:

  • Your taxable income is below AED 187,500 in a year
  • Your business has stopped supplying goods and services
  • You're shutting your business doors permanently
  • Your grouping structure has changed
  • Your business threshold is below AED 375,000

Note the timing: You get only 20 days to file your deregistration application once you meet the eligibility criteria.

The VAT Deregistration Process - Simplified

Follow the steps below to carry on with the deregistration process:

  1. Log in to your FTA account
  2. Fill out the online VAT deregistration form
  3. Submit a valid reason for closure and required documents
  4. Wait till you get FTA's approval
  5. Settle any unpaid taxes or fines if applicable
  6. Upon getting approved, close your TRN

Here, if you plan to relaunch in a few days or bring in new investors, you may keep your VAT active and file no returns.

Why YCA For VAT Closure?

At YCA, our tax consultants do more than just paperwork. They help you stay at peace while they look after:

  • Reviewing your business from A to Z before filing
  • Handling all communications with the FTA
  • Making sure your business meets all the legal requirements
  • Offering customized guidance based on each business objective
  • Providing a one-hour free consultation with just expert advice.

Other Services - Beyond VAT Deregistration

Besides tax support, we offer other services too, like:

  • CFO services
  • Accounting and bookkeeping
  • VAT registration and filing
  • Business advisory and due diligence
  • ERP and accounting software solutions

Cancel Your VAT Registration Without Risks

Do not be liable to pay AED 10,000 when we have a team of expert tax consultants to assist you in deregistering soon.

Complete Deregistration

Queries You Might Have In Mind?

1. When should a business apply for VAT deregistration?

All businesses whose annual taxable turnover falls below AED 187,500 or have stopped making taxable supplies or are being closed or liquidated, need to apply for VAT deregistration.

2. What is the penalty for late deregistration?

FTA will impose a penalty of AED 10,000 if the deregistration is not completed within 20 days of being approved.

3. How long does VAT deregistration take?

It usually happens between 5 and 15 working days as soon as you submit your documents.

4. What documents should I have for VAT deregistration?

It is mandatory that you retain your last VAT return, sales and purchase records, customs clearance documents, and closure documents.

5. Should I file a VAT return after closure?

Yes, you need to file a return before the registration is approved.

6. Is it possible to deregister and register for VAT again?

Yes, you can, but to do so, you must meet the eligibility criteria and apply through the FTA portal.