Nangodi Enterprise in its bid to be tax compliant has sought your opinion on the circumstances under which its registration under Value Added Tax can be cancelled by the Commissioner General.
Required:
What are the conditions under which the Nangodi Enterprise’s registration can be cancelled? (5 marks)
View Solution
Section 19 of Act 2013 Act 870 states the following as condition under which the Commissioner General shall cancel the registration of a person
Where the person:
i. No longer exists;
ii. Is not carrying on a taxable activity;
iii. Is not required or entitled to apply for registration;
iv. Has no fixed place of business or abode;
v. Has not kept proper accounting records related to a business activity carried on by that person; or
vi. Has not submitted regular and reliable tax returns required under the Act. (5 Marks for any 5 points)