4. The taxable object

4.4 Cancellation of VAT registration

Art 17 VATA

In this case VAT is levied on the goods in stock as of the moment of cancellation of the registration.  The reason for this is that otherwise it would be very easy for a registered person to avoid taxation by buying big quantities of goods, demanding reimbursement of the VAT paid, canceling his registration and selling the goods at a good profit.

Some specific terms need further definitions: