Article 21 outlines the conditions under which a Registrant must apply to the Authority for tax deregistration. This is required if the Registrant ceases making Taxable Supplies, or if the value of their Taxable Supplies over 12 consecutive months falls below the Voluntary Registration Threshold, provided they do not meet the condition in Clause 2 of Article 17. The article also grants the Authority discretionary power to deregister a person, based on controls in the Executive Regulation, if their continued registration could prejudice the tax system's integrity. Importantly, tax deregistration does not waive the Authority’s right to claim any due tax or administrative penalties.
Title 4 - Tax Registration and Deregistration
Article 21 Tax Deregistration Cases
A Registrant shall apply to the Authority for Tax deregistration in any of the following cases:
If he stops making Taxable Supplies.
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.
[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.
Tax deregistration shall not result in the relinquishment of the Authority's right to claim any Due Tax or Administrative Penalties.]
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