Art. 76a

(Art. 35 para. 1^bislet. b, 35a and 86a VAT Act)

1. Persons newly entered in the VAT register who wish to use annual reporting must apply to the FTA no later than 60 days after receiving their VAT number.
2. The FTA shall authorise the application of annual reporting if the expected turnover with VAT in the first twelve months does not exceed the threshold set out in Article 35 paragraph 1^bisletter b of the VAT Act.
3. After the deadline in paragraph 1 has expired, the taxable person may apply for annual reporting after one tax period at the earliest.