Tax De-registration

<p><br></p><p><br></p><p>If the business stop making taxable supplies or if the amount of taxable supplies made over 12 consecutive months is less than the voluntary registration threshold, ie. AED 187,500/ and registrant doesn't anticipate to cross the voluntary registration threshold the registrant must apply to the authority for deregistration within (20) business days of the occurrence of any of them. If the registered person does not deregister within the prescribed period as per the law, it will attract penalty from the Authority.</p><p>&nbsp;</p><p><strong style="color: rgb(0, 174, 254);">For More information and guidance please contact our client support team.</strong></p>