Corporate Tax Deregistration in UAE
Corporate Tax Deregistration
The process of corporate tax deregistration in UAE allows taxable persons to deregister from their corporate tax registration with the Federal Tax Authority. UAE corporate tax deregistration can only be carried out under specific circumstances. It is important to understand the situations and timeline in order to proceed further with the deregistration process.
When to apply for the Corporate Tax Deregistration?
A taxpayer is eligible or is required to apply for corporate tax deregistration from FTA based on the following criteria:
- Cessation of Business (Closing of Business)
- Sale of Business
- Merger of Business
- Redomiciliation of Business
Timeline for Corporate Tax Deregistration
Natural Person:
The deadline to submit corporate tax deregistration application is within 3 months after the day the business was closed.
Juridical Person:
For legal entities, the deadline to submit corporate tax deregistration application is within 3 months from the date:
- Juridical person ceases to exist
- Business ceases to exist
- Dissolution
- Liquidation
How to apply for corporate tax deregistration?
Xact Auditing is one of the best corporate tax consultants in UAE. Businesses must apply for corporate tax deregistration as per the above mentioned circumstances and must file all the corporate tax returns and clear all the corporate tax liabilities in order to complete the corporate tax deregistration.
By following proper rules and regulations, taxable person will be able to avoid corporate tax fines and penalties in UAE. We are offering best and reliable corporate tax registration services in UAE and corporate tax deregistration services in UAE, Contact us.
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