- Deregistration from Goods and Services Tax is now open
- Applicable to sectors not required to register, charge, or collect the tax
- Sectors include wholesale and retail, restaurant, manufacturing, ad hoc and seasonal public entertainment
- Businesses should assess eligibility for continued registration if providing taxable services
- Registration threshold is ECS300,000 per annum
- Mandatory registration for short-term accommodation providers, auctioneers, and statutory bodies
- Deregistration form available at IRD office and website
- Form submission deadline is Friday, 29 August 2025
- IRD will issue a cancellation notice with follow-up actions once deregistration is approved
Source: ird.gov.ai
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.