VAT De-registration Process in UAE | How to apply for VAT De-registration?

Описание: In this Video, we will discuss about, what is VAT De-registration, what are the circumstances where it's mandatory, When should do de-registration and how to apply for de-registration.

Tax De-registration means de-activation of the registration and the VAT number of the taxable person, from Federal Tax Authority. Tax de-registration can be applied by a person registered under VAT or it can be done by the FTA on finding that a person meets the conditions for de-registration.

Like VAT registration, De-registration also classified in to two:
Mandatory De-registration, and
Voluntary De-registration

If the date of submission of this de-registration form is more than 20 business days from the date the Taxable Person is required to de-register then you will be subject to a late de-registration penalty of AED 10,000.

Time Stamps
00:00 Introduction on VAT De-registration
0:54 What is vat deregistration?
1:04 VAT registration thresholds
1:56 VAT De-registration classifications
2:10 Mandatory deregistration, first circumstance
2:36 Mandatory de-registration, second circumstance
3:09 Voluntary De-registration
3:27 VAT De-registration Penalty
3:44 How to apply for VAT de-registration
5:39 Final VAT Return
6:10 Example for Final VAT Return

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