A New Tax System (Goods and Services Tax) Act 1999

Chapter 2 - The basic rules  

Part 2-6 - Tax periods  

Division 27 - How to work out the tax periods that apply to you  

27-35   Changing the days on which your tax periods end  

(1)  
You may change the day in each year on which a tax period would otherwise end. However:


(a) the day must be no more than 7 days earlier or 7 days later than a day on which one of the tax periods that applies to you would otherwise end if the days were not changed; and


(b) the change must be consistent with the commercial accounting periods that apply to you.

(2)  
If the day on which a tax period ends is changed, the next tax period starts on the day after that day.




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