TAX & LAW BRIEF
AMENDMENTS TO THE INSTRUCTION ESTABLISHED BY THE ORDER N996 OF MINISTER OF FINANCE OF GEORGIA
According to the recent amendments to the Instruction Established by the Order N996 of Minister of Finance of Georgia dated 29 March 2019:
- The VAT payer shall apply to tax authority with the request to cancel VAT registration, if the following requirements are satisfied simultaneously:
-- The registration was voluntary;
-- No more than 30 calendar days have passed since the registration date;
-- The fact of requesting – issuing the VAT invoice has not been confirmed;
-- No VAT declaration has been submitted;
-- In accordance with the amendments, the form of application for cancellation of the VAT payer’s status was changed.
Source: The Legislative Herald of Georgia, 22 April 2019.