Cap. 395 ст. 25Cancellation of registration.

(1) Subject to the provisions of this Act, every registered person who carries on any business activity shall cease to be liable to be registered if that person has ceased to carry on any business activity.

(2) Every person who, by virtue of subarticle (1), ceases to be liable to be registered may request the Director in writing to cancel

*Repealed by this Act. of the tax period during which such person ceased to be liable to be registered, or from such other date as may be determined by the Director, and shall notify that person of the date on which the cancellation of registration takes effect.

(3) Every registered person who ceases to carry on all business activities shall notify the Director of that fact within fifteen days of the date of cessation and the Director shall cancel the registration of any such person with effect from the last day of the tax period during which all such business activities ceased, or such other date as may be determined by the Director:

Provided that the Director shall not cancel the registration of any such registered person if there are reasonable grounds for believing that the registered person will carry on any business activity at any time within twelve months from that date of cessation.

(4) Any notification by a registered person pursuant to subarticle (3) shall be made in writing to the Director and shall state the date upon which that person ceased to carry on all such business activities and whether or not that person intends to carry on any such business activity within twelve months from that date.

(5) Any date determined by the Director for the cancellation of registration under subarticle (3) may be retrospective to a date not earlier than -

(a) the last day of the tax period during which all such business activities carried on by that person ceased; or

(b) the date on which the person was registered under this Act, if the Director is satisfied that the person did not, from that date, carry on any business activity.