A New Tax System (Goods and Services Tax) Act 1999
Note:
The special rules in this Part mainly modify the operation of Part 2-6 , but they may affect other Parts of Chapter 2 in minor ways.
Division 151 - Annual tax periods
View history note
Hide history noteIf any of the following occurs:
(a) an entity who is an individual dies;
(b) an entity ceases to *carry on any *enterprise;
(c) an entity ' s *registration is cancelled;
during an *annual tax period applying to the entity, the annual tax period is not affected by the death, cessation or cancellation.
(2)
This section has effect despite section 27-40 (which is about an entity ' s concluding tax period).
(3)
However, this section does not affect the application of:
(a) section 27-39 ; or
(b) if an entity for any reason ceases to exist - section 27-40 .
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