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VAT deregistration service in Dubai

Effortless VAT Deregistration Service in Dubai – Let Us Handle the Process for You

At Golden Falcon Consultants, we specialize in providing expert VAT Deregistration Services in Dubai, UAE, helping businesses smoothly navigate the complexities of VAT compliance. VAT deregistration is an essential step for companies that no longer meet the standards for VAT registration, such as a decrease in taxable turnover. Our experienced consultants are here to guide you through every stage of the deregistration process, ensuring full compliance with the Federal Tax Authority (FTA) regulations. Whether you're a small business or a large corporation, Golden Falcon Consultants is your trusted partner in VAT deregistration.

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VAT deregistration service in Dubai

Eligibility to Apply for VAT Deregistration in Dubai

As a business owner in Dubai, it's crucial to understand when your company may become eligible for VAT deregistration. According to the FTA, businesses must apply for VAT deregistration if their taxable turnover falls below the mandatory registration threshold or if they cease operations in the UAE. Other circumstances may include companies that are no longer making taxable supplies or have been dissolved. At Golden Falcon Consultants, we evaluate your business's VAT situation, ensuring you meet the eligibility criteria before applying for deregistration. Our experts will assist in determining if deregistration is the right option for your company.

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How to Deregister from VAT in Dubai Online?

Deregistering from VAT in Dubai is a straightforward process that requires the right assistance. Golden Falcon Consultants makes VAT deregistration easy by handling the entire online application process. Our team will prepare all necessary documentation, complete the required forms, and submit your application through the FTA's online portal. We ensure that all steps are followed diligently and that you meet the FTA's guidelines for deregistration. Let us take care of the paperwork while you focus on your business.

Documents Required for VAT Deregistration in Dubai

At Golden Falcon Consultants, we ensure a smooth and efficient VAT deregistration process by helping you gather all the necessary documents. The following are the typical documents you will need to submit for VAT deregistration in Dubai:

01
VAT Registration Certificate

We'll need a copy of your VAT registration certificate issued by the FTA to start the deregistration process.

02
Tax Returns

Monthly split up of all tax returns till date must be required.

03
Proof of Taxable Turnover

We need evidence that your taxable turnover has fallen below the VAT registration threshold, which qualifies you for deregistration.

04
Trade License

A copy of your current trade license or proof of business cessation if applicable.

05
Bank Account Details

We'll also need your business's bank account details for any final VAT refunds or settlements.

06
Supporting Documents

Any additional documents the FTA might request during the process.

Types of VAT Deregistration

There are two types of VAT deregistration processes, and at Golden Falcon Consultants, we'll help you determine which one is relevant for your business:
Voluntary Deregistration
This type of deregistration is applicable if your taxable turnover falls below the VAT registration threshold.
If your business no longer meets the criteria for mandatory VAT registration, we can assist you in applying for voluntary deregistration.
Compulsory Deregistration
This occurs when your business stops making taxable supplies, ceases trading, or is dissolved.
If your business's operations have ended or your trade license is cancelled, compulsory deregistration will apply, and we'll handle the necessary steps for you.

Types of VAT Deregistration

Post VAT Deregistration Process in Dubai, UAE

After VAT deregistration, your business will no longer be required to charge VAT on your goods and services. However, there are some post-deregistration processes to consider. Golden Falcon Consultants ensures you comply with any final tax reporting and make necessary payments or claims for VAT refunds. We also advise you on handling your VAT records after deregistration and guide you through any follow-up requirements. We aim to ensure your business operates smoothly without any tax-related complications post-deregistration.

Ready to deregister your business from VAT? Contact Golden Falcon Consultants today to get expert assistance with VAT Deregistration Services in Dubai, UAE.

Frequently Asked Questions

A final tax return is the last VAT return a business must submit before completing the deregistration process. It includes final taxable supplies, purchases, and any outstanding VAT liabilities. If applicable, companies can also claim a VAT refund on this return.

A business or individual registered for VAT in Dubai can apply for deregistration if:

  • Their taxable turnover has dropped below the mandatory VAT registration threshold of AED 375,000.
  • They have stopped making taxable supplies.
  • The business has been closed, dissolved, or liquidated.

Businesses must apply for VAT deregistration within the required timeframe to avoid penalties. The Federal Tax Authority (FTA) imposes a fine of AED 10,000 for late deregistration.

VAT deregistration in Dubai is done through the FTA's e-Services Portal by following these steps:

  • Log in to your FTA account.
  • Go to the VAT deregistration section and fill out the required form.
  • Upload the necessary supporting documents.
  • Apply and wait for FTA approval.

If you need assistance with VAT deregistration, Golden Falcon Consultants can help you complete the process quickly and efficiently. Contact us today!

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