Vat Deregistration

However, there may be circumstances when a business needs to be unregistered for VAT. For example, a business may want or be required to deregister if it ceases to trade, or if its taxable turnover drops below the VAT registration threshold.

The process of VAT deregistration often involves notifying the appropriate tax authorities and providing the necessary documents to prove that the business is eligible for deregistration.

Ally Accounting & Auditing assists businesses with the process of VAT deregistration through the Federal Tax Authority (FTA). Providing guidance on whether and when a business should deregister for VAT, based on factors such as turnover, business activities and regulatory changes. Assisting with the preparation and submission of required forms and documents for VAT deregistration. This could include financial statements, tax invoices, and proof of changes in business activities.