Art. 76b

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

1. Taxable persons who wish to change to annual reporting must apply to the FTA no later than 60 days after the start of the tax period from which the change is to take place.
2. The FTA shall authorise annual reporting if the taxable person:
   1. did not exceed the turnover threshold of Article 35 paragraph 1^bisletter b of the VAT Act in the previous tax period; and
   2. has submitted all tax returns on time and has paid all tax claims in full and on time in the previous three tax periods or, if the liability has existed for a shorter period, since commencement of tax liability.