Once a business is a Tax Registrant with the FTA, it must deregister on the following two events
- A Tax Registrant stops making taxable supplies and does not expect to make any taxable supplies over the next 12 months
- Taxable supplies in the previous 12 months is less than the Voluntary Registration threshold (AED 187,500) and are not expected to exceed the Voluntary Registration threshold in the next 30 days
Deregistration application should be made to FTA within 20 business days of the occurrence of the above event.
Happy to Help!
We will assist you in the deregistration process and complete the documentation.