ECONOMY

How to Cancel Vat Registration in UAE

As of my last knowledge update in September 2021, I can provide you with a general outline of the process to cancel VAT (Value Added Tax) registration in the UAE (United Arab Emirates). However, please note that procedures and regulations can change, so it’s highly recommended to consult with the official authorities or a professional advisor to ensure you have the most up-to-date and accurate information. Here’s the general process as of my last update:

  1. Review Requirements: Before initiating the cancellation process, review the requirements and conditions set by the UAE Federal Tax Authority (FTA). Make sure you meet all the criteria for deregistration.
  2. Prepare Documentation: Prepare the necessary documentation for the cancellation process. This may include:
    • A formal request letter for cancellation of VAT registration.
    • Copies of your VAT registration certificate and Trade License.
    • Any supporting documents required by the FTA.
  3. Submit Application: You can usually submit your application for VAT deregistration through the FTA’s online portal. Log in to your VAT account and find the appropriate option for deregistration. Fill out the required details accurately.
  4. Clear Outstanding Liabilities: Make sure you have settled all outstanding VAT liabilities, including any pending tax payments. The FTA may require proof of settlement as part of the deregistration process.
  5. Submit Required Documents: Upload the necessary documents as specified by the FTA during the online application process.
  6. Wait for Approval: After submitting the application, the FTA will review your request and the provided documents. This process may take some time, and the FTA might reach out for additional information if needed.
  7. Receive Confirmation: If your application is approved, you will receive confirmation of the cancellation of your VAT registration.
  8. Inform Stakeholders: Inform your business stakeholders, such as suppliers and customers, about the cancellation of your VAT registration. Update your invoices and documentation accordingly.
  9. Comply with Further Instructions: The FTA might provide you with specific instructions to follow after cancellation. Make sure to adhere to these instructions to ensure a smooth transition.
  10. Return VAT Certificate: If requested by the FTA, return your original VAT certificate to their offices.

Remember, the process and requirements for VAT registration cancellation might have changed since my last update. It’s crucial to consult the official UAE Federal Tax Authority website or get in touch with a professional advisor who specializes in tax matters to ensure accurate and up-to-date information.

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