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Understanding the Process of VAT Deregistration: Guidelines and Requirements for Businesses

  • FRCS follows standard audit process for VAT deregistration
  • Taxpayers must ensure no outstanding returns or payments before deregistration
  • Section 3(4) of VAT Act 1991 outlines rules for deregistration
  • Reasons for deregistration include low turnover, sale or closure of business, change in structure, incorrect registration, or liquidation
  • Contact FRCS for more information and assistance at 3243000 or 1326 or email info@frcsorgfj

Source: frcs.org.fj

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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