De-registration of excise taxes

If a registered individual is no longer liable for excise tax as stipulated in the law, they may apply for deregistration with the tax authority.

Using the online portal, taxpayers can deregister by filling out the De- Register application. To de-register a Taxable individual, he must determine the date from which to do so. A registered individual shall inform the Authority of his intention to deregister within 30 days of stopping the taxable supply. As per statutory requirements, the authority must respond to the notice of deregistration within 20 business days of receiving it. Upon deregistration, the claimant must pay all taxes as required by law, along with the tax returns. The claimant must also pay any civil fines owed at the time of deregistration.

Registrants who fail to file a request for deregistration within the period specified in the Tax Law will be fined AED 10,000 as set out in Table ( 1): Violations and Administrative Penalties about the 2017 Application of Federal Law No. (7) on Tax Procedures.

To know more about the Excise Tax Deregistration Procedures and Conditions, contact us today!