Ministerial Decision No 6 of 2023 on Timeline for Tax Deregistration
Ministry of Finance has issued Ministerial Decision No, 6 of 2023 on Timeline for Tax Deregistration for the purposes of the Federal Decree Law No. 47 of 2022 on Taxation of Corporations and Businesses (“CT law”).
Below are the key highlights of the decision-
1. Timeline to Apply for Tax Deregistration:
- The natural Person shall make an application for deregistration with the authority within 3 months of the date of cessation of the Business or Business Activity.
- The juridical Person shall file an application for deregistration with the authority within 3 months from the date the entity ceases to conduct business ,whether by dissolution or liquidation of business or otherwise.