Article 6 - Mandatory Registration – Other Provisions

Where the Person has failed to make an application to the Authority as prescribed in these Regulations, the Authority may register such Person without submitting any application and such registration shall take effect from the relevant date prescribed under Articles 3 and 4 of these Regulations.

Notwithstanding the other provisions of these Regulations, the Authority may agree to a request from the Person for the registration to take effect from a later date, up to the start of the month following the date of the application made by the Person.

Notwithstanding the other provisions of these Regulations, the Authority may agree to a request from the Person for the registration to take effect from any earlier date, provided the Person was eligible to be registered on that earlier date.

Transitional provisions in Chapter 12 of these Regulation concerning Persons obligated to register before the Law's effective date shall take precedence over any provisions concerning Mandatory Registration Threshold and such provisions shall remain in effect until the Law enters into force.

The value of the Supply of Capital Assets is excluded from the total value of annual supplies subject to Tax, provided that the Capital Asset is used in the operation and furtherance of the Economic Activity of the Person who carries it out in accordance with a commercial registration or a similar license from the competent Authority, and that the Capital Asset has not been held to generate rental income or similar income or to supply it at a later time.^[1]