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Does an exemption immediately expire if one of the criteria of the exemption were to change, for instance, if revenue exceeded $2 million?

criteria exceeded immediately instance revenue
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Does an exemption immediately expire if one of the criteria of the exemption were to change, for instance, if revenue exceeded $2 million?

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Yes. Firms receiving exemptions whose business models change so that they no longer meet the exemption criteria must begin reporting to OATS immediately.

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