A New Tax System (Goods and Services Tax) Act 1999
Chapter 2
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The basic rules
Part 2-6
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Tax periods
Division 27
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How to work out the tax periods that apply to you
27-40
An entity
'
s concluding tax period
(1)
If:
(a) an individual dies; or
(b) another entity for any reason ceases to exist;
(1A)
If an entity ceases to *carry on any *enterprise, the entity ' s tax period at the time is taken to have ceased at the end of the day on which the cessation occurred.
(2)
If an entity ' s * registration is cancelled, the entity ' s tax period at the date of effect of the cancellation (the cancellation day ) ceases at the end of the cancellation day.
If:
(a) an individual dies; or
(b) another entity for any reason ceases to exist;
the individual ' s or entity ' s tax period at the time is taken to have ceased at the end of the day before the death or cessation.
View history note
Hide history note(1A)
If an entity ceases to *carry on any *enterprise, the entity ' s tax period at the time is taken to have ceased at the end of the day on which the cessation occurred.
(2)
If an entity ' s * registration is cancelled, the entity ' s tax period at the date of effect of the cancellation (the cancellation day ) ceases at the end of the cancellation day.
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