When and How VAT Registration is Canceled: Key Reasons and Procedures Explained

• Registration as a VAT payer is valid until it is canceled by removal from the tax register.
• Cancellation occurs if the person submits a cancellation application and taxable operations are below the threshold for the last 12 months, and all tax obligations are paid.
• Cancellation also occurs if the person decides to cease operations and approves a liquidation balance or similar document.
• Other reasons include switching to a simplified tax system without VAT, not submitting VAT declarations for 12 months, invalid founding documents, court decision on liquidation, or the death or incapacity of an individual entrepreneur.
• Cancellation can be initiated by the taxpayer or the controlling authority.
• Automatic cancellation happens if there is a record of cessation of activity or a switch to a simplified system without VAT.
• The cancellation date is determined by the earliest relevant event.
• The controlling authority must provide a written refusal if there are no grounds for cancellation within 10 days of receiving the application.
• If cancellation is initiated by the authority, the taxpayer must be notified in writing within three working days.

Source: news.dtkt.ua

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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