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Important VAT update – Mandatory Deregistration

All VAT registered companies who have reported taxable supplies of less than AED 187,500 (USD 50,000) in past consecutive 12 months need to mandatorily deregister within 2o days. A failure to deregister within the stipulated time may attract a penalty of AED 10,000. This is in accordance with Article (21) of Federal Decree-Law No. (8) of [...]

By | 2019-01-18T13:23:51+00:00 January 6th, 2019|Uncategorized|1 Comment