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  

27-40   An entity ' s concluding tax period  



(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.

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.

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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