Taxable businessmen must know the rules and processes for VAT annulment in UAE, as administrative penalties will be imposed on failure to file an application within the timeframe specified in the tax law. Let us understand the circumstances in which an entity can de-register under VAT and the process to be followed for the same.
“Tax De-registration” is the provision for a registered taxable person to cancel his/her VAT registration. It means de-activation of the registration and the VAT number of the taxable person. Tax de-registration can be applied for by a person registered under VAT or done by the Federal Tax Authority (FTA) on finding that a person meets the conditions for de-registration.
Source: gccfintax.com
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