VAT Registration & Deregistration

VAT Registration and Deregistration in UAE

Value Added Tax (VAT) in the UAE is a necessary item in the basket for the proper running of a business. Companies not only need to comply with the FTA regulations for VAT registration but also for deregistration if they are eligible. Knowing the right time and way of registering or deregistering for VAT will help you to be compliant and at the same time escape fines. The experts at Sarah Ferguson Tax Consultancy make sure that your VAT journey is without a glitch, precise, and relaxing.

VAT Registration in UAE

Every business that meets the threshold defined by the FTA is required to register for VAT. The limit for compulsory registration is set at 375,000 AED of taxable supplies, while those enterprises with a turnover of more than 187,500 AED can take the initiative of voluntary registration.

The services which our team is offering you in the whole VAT registration process are:

Submission of the correct documentation.
The proper calculation of taxable supplies.
Obtaining the FTA approval at the right time.

VAT Deregistration in UAE

While the businesses will have to register, there will also be situations when they will require withdrawing from VAT. Deregistration from VAT is the case when a company no longer fulfils the prerequisites for the compulsory registration or has stopped all operations. If the value of taxable supplies is less than the threshold for voluntary registration, the business should go online, submit an application for VAT deregistration to the FTA, and then wait for the approval.

You might be fined for not applying for VAT deregistration on time. We will help you with fulfilling your obligations and at the same time, making the process move smoothly without any delays.

Documents Required for VAT Deregistration in UAE

To apply for VAT deregistration, you are required to submit correct and complete documents. Some of the documents required for VAT Deregistration in UAE are:

The certificate of VAT registration.
Financial statements showing that taxable supplies have been reduced or stopped.
A copy of the trade license.
The authorized signatory’s Emirates ID and a copy of their passport.
The power of attorney (if applicable).

The team of experts at Sarah Ferguson Tax Consultancy take the responsibility of your application satisfying all the conditions set by the FTA to avoid any unnecessary disapprovals.

Final VAT Return After Deregistration

A final VAT return after deregistration is required by FTA when you deregister for VAT. It encloses the period from the last return filed up to the time the deregistration is given. The businesses should figure in the VAT that is still due on the assets or stock at the instance of the VAT de-registration.

We take over the whole process of the final return filing and calculation, which is done in full compliance with the regulations and without any mistakes.

Deregister for VAT Assets

A company, that chooses to deregister for VAT, should, first of all, declare assets, on which input VAT was recovered. Such assets are subject to evaluation, and VAT is payable if their value is above the voluntary threshold. Our team takes a thorough look at your assets that are planned to be deregistered for VAT in order to determine the right way of reporting and ensuring compliance.

How to Deregister for VAT Online

The FTA portal allows one to de register for VAT online. Nevertheless, the procedure without the help of a professional is quite complicated. The application process entails correct data entry, provision of documents, and an explanation for the de-registration. A rejection or the imposition of penalties could result from any errors made.

By submitting the application on your behalf, our VAT consultants facilitate and expedite this process to gain your approval without any difficulties.

Why Choose Sarah Ferguson Tax Consultancy for VAT Registration and Deregistration

Expert guidance on VAT registration and deregistration in UAE.
Support by the assistance of deregister for VAT form and documentation.
Submitting the last VAT return after VAT deregistration correctly.
Managing VAT assets, ensuring compliance, and applying online.
Solutions that are tailored to the needs of businesses of any size and are cost-effective.