Corporate Tax Deregistration
Similar to the CT registration process, the CT deregistration is a compliance obligation that must be performed within the established deadlines and following the procedures established by the FTA. Non-compliance with the tax legislation procedures could lead to administrative penalties.
How we can help you with
At Young Global, we offer our support with the CT deregistration process, ensuring seamless and timely compliance. We assist with the review of the underlying documentation, prepare and submit the information to the UAE Federal Tax Authority (FTA), and liaise directly with the FTA in case of any questions to expedite the process.
FAQs to Guide Your Business Decisions
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Generally, where there is a cessation of the taxpayer’s Business or Business Activity, whether by dissolution, liquidation, or otherwise.
The taxpayer will be required to submit a deregistration application to the FTA on the EmaraTax Portal, attaching the underlying supporting documentation. Upon acceptance of the application, the taxpayer will be prompted to submit the final CT return and pay all outstanding CT obligations.
An administrative penalty of AED 1,000 (one thousand) for each month, up to AED 10,000 (ten thousand) may be imposed on a taxable person that fails to submit the deregistration application within the established deadlines.
In certain circumstances, the FTA is authorized to deregister the taxpayer at its discretion, and based on information available to the FTA.
