VAT Deregistration Penalty | CA. Manu, CEO, Emirates Chartered Accountants Group Reputed Firm in UAE

vat deregistration penalty -In this video CA. Manu will explain about VAT Deregistration under UAE VAT law.
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[@Behindlife1]

Sir, my company is a dental clinic .tere is no taxable sales. we are submitting vat zero rated supplies.only input vat was claiming.. now 1 year completed . in one year sales is more than 400k.What we will do ? are we applied for deregistration? awaiting your reply

[@AshrafKhan-ub9uu]

If a company legal type change from Establishment to sol Proprietorship LLC. In this case the business has to be Deregister and apply again for Registration as per new Business legal type? Kindly guide.

[@sulaimansait3344]

Good morning sir Hai small question how to apply vat in online can you explain sir a KZbin

[@norlynflores2260]

Hi Sir. Good Day! Our company was registered on VAT last 2018 and our business sales is going well but unfortunately this 2020 our sales drop and didn't reach the threshold due to the pandemic. Do i still need to de register ? What if by next months our sales will be back to normal?

[@norlynflores2260]

Please note that even we have a low sales, every quarter we are still paying VAT as the output is greater than input. .Please reply. Thank you

[@PavanJerald]

Dear sir, we paying tax from Jan 2018 to up to 31st July 2019 and we are not crossed voluntary limit also, so is that possible to deregister now?

[@Emiratescagroup]

You need to deregister from VAT within 20 working days from the end of 12 months.

[@PavanJerald]

@@Emiratescagroup so in my case its not possible to deregister right? 12 months means from the date of registration right

[@originalgrimehead517]

If i buy a van to start a new business and i pay the vat, can i register for vat then register if im not making alot of money?

[@Emiratescagroup]

Hi @original Grimehead, Yes it is possible but you may not be able to de register within a year, all legal compliance needs to be satisfied till officially the company gets de registered for VAT. For VAT support please send an email to [e-mail].

[@Alim-qm2uw]

If there is a company who provide service to ksa... Without physical movement of the employees.. now do I HV to charge zero rate or RCM?.... Client is vat register and it's below 375000

[@mansoordmmansoordm3299]

0552405099 vat consultant fnconsultants.ae

[@levista2753]

dear sir , How to claim if refundable money at the time of deregistration

[@Emiratescagroup]

You have to apply for VAT refund through 311 application. If you require any further support please reach out to us at [e-mail]

[@praveenac007]

Sir, we are every return period zero return . Now we are canceling the commercial license because that license we are not doing any business. Now 2020 we are canceling is it possible or fine will come

[@Emiratescagroup]

Dear Praveen a. c if during the last year (12 months) your turnover was below the voluntary registration threshold i.e, AED 187,500/-. In such case you should de - register from VAT within 20 working days. If your turnover is more than voluntary registration threshold i.e, AED 187,500/- you should de - register from VAT within 20 working days from cancelling the trade license.

[@jackrider2263]

Sir my question is... If a person doing business of lease of commercial building it is taxable as per vat law but his lease rental is below 375.000 AED... Can he apply for deregistration?? Although his supplies (lease rentals) are taxable..

[@Emiratescagroup]

Dear Sir, you may apply for voluntary de-registration as per the below clause, Are still making taxable supplies but value in the previous 12 months was less than the mandatory registration threshold; and 12 months have elapsed since the date of registration if you were registered on voluntary basis.

[@umarashraf3069]

Do we calculate 12 months as per tax year or every time last 12 months need to count?

[@Alim-qm2uw]

Hi sir I just want to confirm... If a company registered in Dubai... But providing designing service to Abu Dhabi company... As per Emirates reporting in vat... Is it Dubai or Abu Dhabi sales?

[@Emiratescagroup]

Dear Ali Muqadas, please note it is Dubai Sales.

[@naeemahmed2535]

Hi i want d register my vat

[@husnainzubair6912]

If one year is completed then within 20 days require for deregistration

[@Emiratescagroup]

Yes, if the taxable turnover is less than AED 187,500/- If you require any further support please reach out to us at [e-mail]

[@abdulkadar7042]

What is the mean of due date for de ragister

[@Emiratescagroup]

Hi Abdul Kadar, normally due date for de-registration is within 20 working days from when the registrant stops making taxable supplies.

[@mhamadshareefshareefk15]

How to de register if trade license cancelled

[@Emiratescagroup]

Dear sir, assuming you are discussing about tax registration, you will have to renew your license and apply with a fresh registration application. But if the tax registration is still valid, you need to use the ‘amendment’ option available in your dash board.

[@jilsajilu2537]

Where I have to provide MOA When I am regestering as new

[@Emiratescagroup]

Dear Jiulshada Tp, while registering as a new company for VAT in UAE you can go to section 2, details of the applicant and upload your MOA in the section "upload other relevant documents". For Registration support please reach Ms. Bhavika, [phone].

[@merlyjose715]

Sir, How to change the addess from vat certificate

[@Emiratescagroup]

Hi @merlyjose715, Address in the VAT portal can be changed by filing an amendment application.

[@ijasmuhammed1008]

Hi, Last month I had cat filing and I do de registration. Befor from the July last 12 month our business has very low, below 187500. But they have to make penalties AED 10000. I de registered befor 20 days, but I don't know what happens. If u can help me pls

[@ijasmuhammed1008]

First they are need more documents statementa from the beginning, I attached that. But they msg me pls make effective date on 1 January 2019. I do that. But they make penalties to me.. 😔

[@ijasmuhammed1008]

Pls reply me, am waiting for ur reply

[@Emiratescagroup]

@@ijasmuhammed1008 Penalty for de registration is attracted when a registrant's taxable turnover for the previous 12 calendar months go below AED 187500/-and de registration application is not submitted within 20 working days from such date. From your query we understand that you have applied for de registration and have received late de registration penalty, further we can support you by submitting a re-consideration form since de registration request was submitted within 20 working days. If you require any support please write to [e-mail]

[@ijasmuhammed1008]

@@Emiratescagroup Ok dear,

[@ijasmuhammed1008]

@@Emiratescagroup Sir One More, Can u tell me where is the place for Application of Re-consideration in FTA. I check the place. Please tell me sir

[@sitharasherin]

Hi sir How to De registration, If trade license not cancelled

[@Emiratescagroup]

Hi @sitharasherin, you can apply for VAT deregistration if the taxable supplies falls below AED 187,500 or if the taxable supplies are more than AED 187,500 but below AED 375,000. Various options are displayed in the FTA portal VAT deregistration page. Select the respective option based on the your reason.

[@sitharasherin]

@@Emiratescagroup ok sir

[@rameesalie8321]

But Mr. Manu, what is happening in the market is totally different. Some of those who have done within the time frame is getting fine. And those who are below threshold and haven't requested for cancellation still has got no fine. Also you are posting the video after most of the people's dates passed by.

[@wanderingwithomer518]

Yes you are right Rameez Ali E Do this have any solution? Is there any way to waive off the penalty other than reconsideration?

[@rameesalie8321]

As of my knowledge, there is no way.

[@Emiratescagroup]

Dear Ramees, Please find below answers for your concerns: 1. If the information disclosed in the application is proper and registration is done within the time frame there will not be any fine. If anyone got fine even when the registration was done within the time frame, they might have given effective date of registration in the application. It is possible to rectify such error and get away from the fines. 2. If we apply for de-registration later than 20 days from the due date, than the penalty of AED 10,000/- will be attracted. Those who are not de-registering on time signifies violation of law. They have already disclosed their turnover through VAT Return Form 201 to the Authority which is less than AED 187,500/-. It means the details are already with the Authority. 3. We advised all our clients before the due date and everyone did their de-registration without any penalty. We conduct a lot of free awareness seminars on different VAT topics and everyone got benefited. The content of the video released here are not new, but are available in the law from 1st January 2018 onwards. We may not be able to reply in detail to everyone. Should you require any further clarification / assistance please contact our VAT Experts at ECA Taxation Procedures, the Tax Agency Division of Emirates Chartered Accountants Group. Best Regards, VAT Help Desk ECA Taxation Procedures [e-mail] 0097142500290

[@nilofarsayyad4467]

Emirates Chartered Accountants Group dear sir my question is similar to it many have got 10,000 for late fine penalty as Dey tried to deregister Nd the most imp thing is how should we know that if in case we apply for deregisteration we shall also get penalty as many getting Nd the thing is we haven’t reached the voluntary disclosure aswell from past two years what is d solution can u guide us