A Registrant shall apply to the Authority for Tax Deregistration in any of the following cases within (20) business days of the occurrence of any of them:
1- If he stops making Taxable Supplies.
2- If the value of the Taxable Supplies made over a period of (12) consecutive months is less than the Voluntary Registration Threshold (AED187500) and the registrant anticipate that the total value of supplies stipulated in Article (19) of the Decree-Law 8 of 2017 or the expenses which are subject to Tax that will be incurred, will NOT exceed the Voluntary Registration Threshold during the coming 30-day period.
If the registrant failed to submit a deregistration application within (20) business days of the occurrence of any of the above cases, a penalty of AED 10,000 will be imposed on the registrant.
For more information about Tax deregistration, contact our tax consultants at sales@becker.ae
