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Handle an obligation that no longer applies

Learn what to do when an obligation no longer applies to an entity, without losing its history.

Written by Yuliya Chakhovich

When an entity deregisters, for example for VAT, the obligation stops. Don't delete it: its history, periods and filed returns stay useful.

Steps

  1. Open the obligation and edit its details.

  2. Set the end date to the last day the obligation applied.

  3. Change the status to Inactive.

  4. Upload the deregistration document, if you have one.

  5. Select Save and confirm. Loctax removes the periods after the end date, so no new deadlines appear, while the earlier periods and their documents stay available.

Only delete an obligation, from Actions, if it was added by mistake.

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