Article 42 - Tax Group registration requirements

A. The Tax Group representative shall apply for the registration of the Tax Group based on a form prepared by the Bureau for this purpose.

B. The Tax Group registration application must include, at a minimum, the following information:

1. Name and Registration Number of the Tax Group representative.
2. Name and Registration Number of every member of the Tax Group.
3. Details of how each member of the Tax Group is related by way of financial, economic or regulatory relationship.
4. Power of attorney issued by the members of the Tax Group to appoint a Tax Group representative.
5. Written consent from the Person appointed as the Tax Group representative consenting to represent the Tax Group.

C. The Tax Group representative shall provide the Bureau with any documents supporting the validity of the information in the application within thirty days from the date of request.

D. The Bureau shall approve or reject the application for registration of the Tax Group within thirty days from the date of submission of the application and shall notify the Tax Group accordingly.

E. A Tax Group registration application shall be rejected by the Bureau if any of the following apply:

1. Where information in the application is found to be incorrect or if one of the Tax Group registration requirements is not met in accordance with the provisions of the Law.

2. If it is found that there are valid reasons that registering as a Tax Group may pose a risk to Tax revenues.

3. If one of the members of the Tax Group is a Government Body.

F. Where the application for registration of a Tax Group is approved, a new Tax Registration Number and a new registration certificate for the Tax Group shall be issued, which will specify the effective date of registration of the Tax Group.