CAF-2 · Chapter 14 · Question 12 of 15
Mr. Tariq decided to permanently close his trading business on 20 October 2025. Within how many days is he legally required to give a notice in writing to the Commissioner regarding the discontinuance of his business?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) A) 15 days
Explanation
Any person discontinuing a business shall give the Commissioner a notice in writing to that effect within fifteen days of the discontinuance.
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