Article 5 -

1. A Taxable Person must apply to cancel his registration in any of the following cases:

a. The cases stipulated in the Agreement.

b. If the Person is a Resident Person and his total annual revenue does not exceed the Voluntary Registration Threshold in the period determined in the Regulations.

c. If the Person is a Non-Resident Person and does not make any Taxable Supply during the period determined in the Regulations.

2. The Regulations shall determine the time periods and procedures that a registered Person must comply with prior to cancelling the registration, the terms and conditions required for rejecting an application for the cancellation of the registration and further cases for the cancellation of the registration.

3. A Taxable Person who cancels his registration shall be liable for all the obligations under the Law arising during the period of validity of his registration.