Tax Deregistration Cases – Article 21 – VAT Decree Law

Article 21 – Tax Deregistration Cases

1. A Registrant shall apply to the Authority for Tax deregistration in any of the following cases:

   1. If he stops making Taxable Supplies.
   2. If the value of the Taxable Supplies made over a period of 12 consecutive months is less than the Voluntary Registration Threshold and the Registrant does not meet the condition stipulated in Clause 2 of Article 17 of this Decree-Law.

2. The Authority may, in accordance with the controls and conditions specified in the Executive Regulation of this Decree-Law, issue a Tax deregistration decision, if the Authority finds that continuity of such Tax Registration may prejudice the integrity of the Tax system.

3. Tax deregistration shall not result in the relinquishment of the Authority’s right to claim any Due Tax or Administrative Penalties.