What is tax number cancellation and why is it critical for companies?
The tax number is a company’s “tax identification passport” – without it, no legal economic activity can be carried out without it.
If the NAV delete the company's tax number, it is not just an administrative inconvenience: a business cannot bill, enter into a VAT-compliant contracts, and business is essentially paralyzed.
When can NAV delete the company's tax number?
THE NAV for several reasons you can decide to cancel your tax number, for example:
- Non -submission of declarations - If the company misses tax returns several times.
- Long -term tax debt - Especially if millions of millions have long been.
- Headquarters - The declared headquarters is fictitious or unavailable.
- False data - Faulty, incomplete or deliberately false reporting.
- Registration barrier - Eg. The major tax debt of the executive in the past.
What happens after a tax number?
- THE court may initiate a forced deletion or liquidation procedure.
- Towards business partners confidence can develop.
- The business immediately stop , because you can't invoice without a tax number.
Such a situation not only a loss of revenue , but it can even mean the termination of the entire company.
Is there a way out for recovery?
Yes, but we need fast and professional steps.
Things to do depend on suspension or from a final deletion is.
If the tax number is suspended:
- Missing declarations or data reports must be replaced.
- The debts must be settled (or submitting a installment request).
- To justify the real use of the headquarters.
If the tax number is permanently deleted:
- Can be appealed to the NAV against the decision.
- If the cause of the deletion has ceased, a new tax number can be claimed - but this is often a complicated and lengthy process.
Why involve an expert?
THE NAV tax number wiper matters launched by legal and administrative terms are complex.
An experienced accountant or tax advisor :
- immediately explores the problem,
- arranges missing returns,
- negotiates with NAV,
- it helps prevent similar cases in the future.
How can the company avoid deletion of the tax number?
- All declarations set in time - even if the tax is 0 Ft.
- Check regularly the company's official correspondence.
- In case of debt ask for installment or payment delay.
- Update the company data at NAV and the Court of Registration.
summary
The tax number cancellation not the end , but without a quick response it can easily become that.
The sooner the company turns to an expert, the greater the chance of recovery and minimizing losses.