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CORPORATE TAX
DEREGISTRATION

Navigating the process of corporate tax deregistration in the UAE is a complex tax for taxable businesses. Tax Gian, a brand of Jitendra Tax Consultants (JTC), can help you submit your deregistration application with the Federal Tax Authority (FTA) in line with the UAE corporate tax law.

JTC can make the process hassle-free as we are registered tax agents in the UAE approved by the FTA. Not complying with the corporate tax deregistration regulations will attract hefty penalties. Our corporate tax consultants in Dubai can save you from incurring hefty penalties.

What is corporate tax deregistration?

All taxable entities are required to register for corporate tax in the UAE. However, if a tax registrant ceases to be a taxable person for any reason, he or she should submit a tax deregistration application with the FTA. The process by which a taxable person deregisters from the UAE corporate tax by applying to the FTA is called corporate tax deregistration. Tax Gian provides the best tax deregistration services in Dubai.

Eligibility to Deregister from the UAE Corporate Tax

A tax-registered person with a Tax Registration Number (TRN) can apply for corporate tax deregistration under the following circumstances:

Closure of business: Termination of business through liquidation, dissolution or other reasons.

Legal structure changes: If the entity’s legal structure changes, it should apply for tax deregistration in the UAE.

Transfer of ownership: If the taxable entity is sold to another entity or the ownership is transferred to another entity, it should apply for deregistration.

Timeline for Corporate Tax Deregistration

You need to abide by the deadline for corporate tax deregistration stipulated by the FTA. Our tax advisers in Dubai can send you reminders to save your business from incurring tax deregistration penalties in the UAE.

The following is the timeline for submitting a tax deregistration application in the UAE:

  • Natural Persons: Within three months of the date of cessation of the Business or Business Activity
  • Juridical Persons: Within three months of the date the entity ceases to exist, cessation of the Business, dissolution, liquidation or otherwise

Key Conditions for Corporate Tax Deregistration

Before submitting the application, businesses should ensure the following:

  • All pending corporate tax liabilities are settled
  • All pending corporate tax penalties are paid off
  • All the corporate tax returns in the UAE have been filed

Penalties for Late Tax Deregistration in UAE

Tax Gian’s corporate tax advisers in Dubai can provide you with a robust compliance strategy to avoid fines and penalties. Failing to apply for deregistration within three months of the date the entity ceases to exist, cessation of the Business, dissolution, liquidation or otherwise, will result in:

  • A penalty of AED 1,000
  • A further penalty of AED 1,000 on the same date monthly, up to a maximum of AED 10,000
  • FTA may deregister the entity at its discretion if the entity violates the tax deregistration requirements in the UAE

Tax Gian’s Role in UAE Tax Deregistration Process

Our corporate tax specialists in Dubai can help you with:

  • Assessing your eligibility for deregistration
  • Reminding you about the de-registration deadline
  • Advising you on tax deregistration requirements in the UAE
  • Preparing and submitting the application to the FTA
  • Assistance for assessing and settling existing liabilities and penalties
  • Helping to file the final UAE tax return before deregistration

Why Hire Tax Gian for Corporate Tax Deregistration

  • We are registered tax agents in the UAE
  • We have a dedicated team of tax experts in Dubai
  • We have over two decades of experience
  • Tax Gian follows a customer-first approach

Frequently Asked Questions (FAQs)

 

  1. How to apply for UAE corporate tax deregistration?

The application for tax deregistration should be submitted through FTA’s EmaraTax portal

  1. What is the effective date of deregistration after the FTA approval?

If you meet all the tax deregistration requirements in the UAE, the FTA will approve the application. Once approved, the FTA will deregister the entity effective from the date of cessation of the Business or from such other date as may be determined by the FTA.

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