Taxable person who registers with VAT can cancel the Tax Registration by apply for de-registration with Federal Tax Authority.
If a business or individual not making any taxable income and does not expect to make any taxable income for the next 12 months.
If a business or individual making any taxable income in preceding 12 months below voluntary registration threshold AED 187,500.00
If a business plans to shut the company.
A Business must apply forĀ de-registration with in 20 working days when meet the eligibility for de-register. The lateĀ penalty will be AED 10,000.
The procedure to cancel can be done online through the FTA portal.