General Provisions
- The tax administration must complete the audit of the file of a taxpayer who has permanently ceased business within four months from the date of receiving the cessation of business declaration, provided that it is accompanied by all documents and information required to determine the taxable profit.
- When the activity carried out by the taxpayer before cessation of business was subject to more than one type of tax, the cessation of business declaration is considered to cover all such taxes. The financial unit to which the cessation declaration was submitted must inform the other financial units of this declaration.
- Accordingly, the declaration of cessation of the actual practice of business submitted by the taxpayer to the competent financial unit affiliated with the Revenue Directorate is considered a request to cancel the taxpayer’s registration with the Value Added Tax Directorate. The Revenue Directorate must notify the Value Added Tax Directorate of this request.
- Submitting the cessation of business declaration does not exempt the taxpayer from the obligation to submit periodic declarations and statements related to the period between the last day of the period covered by the previous business results declaration and the day on which the taxpayer ceased business. Likewise, submitting the periodic declarations and statements related to that period does not exempt the taxpayer from submitting the cessation of business declaration.
- With respect to built property tax, the declaration of permanent cessation of business cannot be considered a declaration that the building is vacant if the taxpayer occupies a property that he owns or operates.