Tax card on closure
What happens to our tax card when we close?
The situation
Tax card details must be kept updated, with changes notified within 30 days.
The law
- Income Tax Law (tax card): All taxpayers must hold a tax card; number shown on contracts, invoices and tax letters
- Royal Decree 118/2020 amending the Income Tax Law: Single return within four months of year end from 2020; tax card registration within 60 days of starting business and updates within 30 days
What it means for you
Tax card details must be kept current. Notify the Tax Authority of the cessation and close the tax card after the final returns. Leaving it active can keep filing duties running.
What to do
- File final returns.
- Notify cessation.
- Close the tax card.
- Keep confirmation.
We can do this for youLiquidation and deregistration: VAT, tax card and commercial registration: OMR 1,200