When Indian owned businesses in the UAE experience significant changes in their operations or taxable turnover, they may need to VAT De-Register. This process involves removing a business from the VAT register maintained by the Federal Tax authority (FTA) and it is mandatory to comply with the regulations. At Flying Colour Tax Consultant LLC, we offer VAT De-Registration Services to help your business to go through this process smoothly and efficiently.
Comprehensive VAT solutions tailored to your business needs
VAT De-Registration is required when a business in the UAE no longer meets the criteria for VAT registration. This can happen if the taxable turnover is below the mandatory threshold or if the business ceases its operations and stops making taxable supplies. For Indian owners, not de-registering correctly can result in penalties and potential tax liabilities, so it’s very important to manage the process correctly.
Our VAT De-Registration service starts with an assessment of your Indian owned business to determine your eligibility for de-registration. We will analyze your current business activities, taxable turnover and operational changes to ensure you meet the FTA’s criteria for VAT de-registration.
De-registering for VAT requires specific documentation to be submitted to the FTA. Our team will help your business to gather and organize all the required documents, including financial statements, business closure documents (if applicable) and any outstanding tax records. We will ensure your documents are complete and compliant to minimize the risk of delay in the de-registration process.
Once all documents are ready, we will prepare your VAT De-Registration application for submission to the FTA. Our experts will review the application to ensure it’s accurate and fully compliant with FTA regulations, avoiding any errors that can complicate the process.
We will manage the entire submission process for your VAT De-Registration application, we will submit it to the FTA promptly and accurately. Our understanding of the FTA’s process allows us to navigate any potential challenges effectively, to make the de-registration process smooth for our Indian clients.
After submission, we will follow up with the FTA on the status of your de-registration application. Our team will communicate with FTA representatives to address any queries or concerns that may arise during the review process, to ensure your application is processed quickly.
Once your VAT de-registration is approved, we will guide you on the post-de-registration compliance requirements. This includes advising on final record keeping and outstanding VAT obligations. Our support will ensure your Indian owned business remains compliant even after de-registration and protect you from future tax liabilities.
Our team knows the UAE VAT laws inside out, so your Indian owned business de-registration will be accurate and compliant with all FTA requirements.
We will manage the entire VAT de-registration process, so your management team in India can focus on the next steps of the business.
We will manage the entire VAT de-registration process, so your management team in India can focus on the next steps of the business.
We will provide support and guidance to ensure your business remains compliant with all final tax regulations and record keeping rules post-de-registration.
Contact Flying Colour Tax Consultant LLC today to learn more about our VAT De-Registration services and how we can assist you in navigating the de-registration process efficiently while ensuring compliance with UAE regulations.