VAT deregistration deadline
We stopped trading. When must we deregister from VAT?
The situation
A registrant must apply to deregister when it stops making taxable supplies, or when taxable supplies over 12 months fall below the voluntary threshold. The application is due within 20 business days.
The law
- Art 21, Federal Decree-Law 8 of 2017: Mandatory deregistration conditions
What it means for you
Late deregistration has been reported at AED 1,000 a month up to AED 10,000. Example: trading stopped on 30 September, so apply by late October. File the final return and pay any VAT due before approval.
What to do
- Record the date taxable supplies stopped.
- Apply on EmaraTax within 20 business days.
- File the final return.
- Pay outstanding VAT and penalties.
We can do this for youCompany liquidation and deregistration: VAT and Corporate Tax deregistration, visa cancellation and licence cancellation: AED 4,000