There are some scenarios where a tax group must be de-registered or amended . Here we are listing when the company must be de-registered.
What are the scenarios for de-registering a tax group in UAE?
The situations which need de-registration of a tax group are:
a. The company is not able to meet the requirements of being a registered VAT group in UAE
If the person is not meeting the conditions it must be de-registered.
b. Individuals are no longer associated with each other in economic, financial, or regulatory practices.
The individuals must be associated with the law and regulations, If there is a scenario that they are not associated then the group must be de-registered.
c. Federal Tax Authority (FTA) has decided to withdraw the TAX group
If the FTA has reason to believe that the tax group is in non-compliance, the FTA can de-register a tax group.