VAT DE-REGISTRATION SERVICES
VAT De-registration Steps!
VAT deregistration is an important process for businesses in the UAE that are no longer required to be VAT-registered. MHR Chartered Accountants provides comprehensive VAT deregistration services, guiding businesses through the necessary steps to ensure compliance with the regulations. Here are the steps involved in VAT deregistration by MHR in the UAE:
-
-
Assessment of eligibility: MHR evaluates the business’s eligibility for VAT deregistration based on factors such as turnover, cessation of taxable activities, or a change in legal structure.
-
-
-
Documentation preparation: MHR assists in preparing the necessary documentation, including the deregistration application form, supporting financial documents, and any additional information required by the Federal Tax Authority (FTA).
-
-
-
Submission of deregistration application: MHR submits the completed application and supporting documents to the FTA on behalf of the business, ensuring all required information is accurately provided.
-
-
-
Communication with the FTA: MHR liaises with the FTA throughout the deregistration process, addressing any queries or requests for additional information to facilitate a smooth and timely completion.
-
-
-
VAT return filing: MHR ensures that all pending VAT returns are filed before the deregistration process begins, ensuring compliance with tax obligations.
-
-
-
Clearance of outstanding liabilities: If there are any outstanding VAT liabilities, MHR assists businesses in settling them with the FTA before proceeding with the deregistration process.
-
-
-
VAT deregistration certificate: Upon successful completion of the deregistration process, MHR obtains the VAT deregistration certificate from the FTA on behalf of the business, confirming their removal from the VAT system.
-