Art. 76c

(Art. 35 para. 1^bislet. b, 35a , 86 para. 2 and 86a VAT Act)

1. Taxable persons who no longer wish to use annual reporting must notify 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 revoke authorisation for the annual reporting:
   1. at the beginning of the next tax period if the taxable person has exceeded the turnover threshold specified in Article 35 paragraph 1^bisletter b of the VAT Act for three consecutive tax periods;
   2. at the beginning of the tax period after the next tax period if:
   1. the taxable person has applied for a reduction in the instalments as a result of which the total of the instalments in the current tax period falls below the following value in relation to the amount of tax due according to the tax return: – in the case of the effective reporting method and reporting with flat tax rates: 50 per cent – in the case of reporting with net tax rates: 35 per cent, 2. the FTA has determined the amount of tax due at its own discretion on the basis of the second sentence of Article 86 paragraph 2 VAT Act due to failure to submit the tax return, or 3. the FTA has initiated debt enforcement proceedings on the basis of the first sentence of Article 86 paragraph 2.