VAT deregistration, also known as cancellation or termination of VAT registration, is a process where the registered company is required to cancel their VAT registration with the FTA. The deregistration process is mandatory when the taxable company ceases its operations, or the threshold level of VAT registration is no longer met. According to FTA set rules, VAT registered businesses in UAE would be required to obligatorily deregister from VAT if they are not making any taxable supplies or having average supplies of under AED 187,500 within a year (12 months). The procedure to cancel can be done online through the FTA portal. The application for deregistration is to be submitted within the next 20 days after the completion of the tax year. Once the business applies for VAT deregistration along with supporting documents, FTA will cancel the registration after verifying all documents.

Future Elite provides the expert services of VAT Deregistration in UAE in compliance with the Emirati VAT laws. Future Elite analyses the causes and makes the deregistration process easy for you. Right from beginning we reviews your business activities and deregistration possibilities to ease the process.