VAT Registration & Deregistration

"A business must register if The total value of its taxable supplies and imports exceeds the mandatory registration threshold over the previous 12 months, or The business anticipates that the total value of its taxable supplies and imports will exceed the mandatory registration threshold in the next 30 days. The mandatory registration threshold is AED 375,000. This threshold is not applicable to foreign businesses" "A business may apply to register if it does not meet meet the mandatory registration criteria and The total value of its taxable supplies and imports or taxable expenses in the previous 12 months exceeds the voluntary registration threshold, or" The business anticipates that the total value of its taxable supplies and imports or taxable expenses will exceed the voluntary registration threshold in the next 30 days. The voluntary registration threshold is AED 187,500 A business must inform FTA by submitting application for deregistration for VAT within 20 business days if The business is not making any taxable supplies The business is making taxable supplies over a period of 12 consecutive months but below AED 187,500.00