VAT Deregistration

If Tax-Time Counsels is assigned as a VAT Consultant for a VAT Deregistration project, we provide a full-scope, professional consulting service to ensure the process is smooth, compliant, and penalty-free.

---

Scope of VAT Consultant Services for Deregistration

(Under UAE Federal Tax Authority Regulations)

As your VAT Consultant, we will:

---

1. Initial Consultation & Eligibility Assessment

• Conduct a detailed discussion to understand the reason for deregistration (e.g., business closure, turnover below threshold, merger, etc.).

• Review historical VAT filings and assess eligibility for mandatory or voluntary deregistration.

• Ensure compliance with FTA requirements and deadlines.

---

2. Document Review & Compliance Health Check

• Review all relevant documents such as:

  • Previous VAT returns

  • Sales and purchase records

  • Financial statements

  • Inventory and asset lists

• Identify any discrepancies or compliance issues that need resolution before deregistration.

---

3. Final VAT Return Review & Preparation

• Reconcile your final quarter’s VAT data.

• Ensure accurate reporting of:

  • Final output VAT (sales)

  • Input VAT (purchases, expenses)

  • Adjustments for closing stock and fixed assets (if required)

• File the final VAT return on the FTA portal.

---

4. FTA Portal Assistance

• Complete and submit the VAT Deregistration Application via the FTA online portal.

• Upload required supporting documents such as:

  • Trade license cancellation (if applicable)

  • Liquidation certificate (if applicable)

  • Sales summary or turnover evidence

  • Final VAT return acknowledgment

---

5. Settlement & Payment Advisory

• Assist in reconciling any remaining VAT liability.

• Provide guidance on settling dues with the FTA to avoid delays in deregistration approval.

---

6. FTA Representation & Follow-Up

• Act as your authorized representative before the FTA.

• Handle all communication with the authority.

• Respond to any clarification requests or objections from the FTA.

• Track progress and provide timely updates.

---

7. Post-Deregistration Support

• Provide confirmation and documentation of VAT deregistration (TRN deactivation).

• Advise on:

  • Record retention obligations (5 years under UAE VAT law)

  • How to handle post-deregistration transactions (if any)

  • Tax clearance and closure-related compliance

---

What You Gain With Tax-Time Counsels

• Zero errors and full compliance with VAT laws

• Protection from penalties or rejection of application

• Time-saving, professional handling of the full process

• A single point of contact for everything VAT-related