The eligibility for the VAT deregistration of VAT groups is the same as the criteria for the individual taxable entities. However, certain other criteria also apply to the VAT groups for applying for deregistration:

• The VAT deregistration will be approved if the group no longer meets the conditions to be considered as a VAT group
• The group could be granted deregistration if the constituent member companies are no longer financially associated with the group
• Deregistration will be approved if the FTA anticipates the tax status of the group may lead to tax evasion

MHM has been a leader player in providing Taxation services for corporates. Our team of VAT experts will support you to the VAT process and frame it in the most beneficial way to reduce your cash outflow during tax payment stage, through delivering a wide range of services in VAT registration such as:

• Consultation
• VAT Registration and VAT Group Registration
• VAT Compliance and Control
• VAT Filing and Payment
• Data Record and Management
• Accounting