Deregistration from Goods and Services Tax Now Available for Eligible Sectors

• 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.

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