Choosing a taxable period
The table below provides guidelines for choosing the appropriate taxable period. Taxable period Guidelines
two-monthly
This is the standard taxable period. There are two different filing frequencies for the two-monthly taxable period being either:
The two month period ending on the last day of January, March, May, July, September and November, or
the two month period ending on the last day of February, April, June, August, October and December.
Note
You can choose which of these categories you wish to be in. If you want to change to the other category, you need to contact us in writing.
one-monthly
You may want to file GST returns every month if you:
expect to receive regular GST refunds, eg as an exporter, or
find it easier to work out your GST for a shorter period.
Note
You must file your GST return monthly if your taxable supplies in a 12 month period are more, or likely to be more than $24,000,000.
six-monthly
Only small businesses may adopt a six-monthly return period.
You can select the months in which the taxable periods end.
If your turnover is more than $500,000, we may allow you to remain on a six-monthly taxable period if:
you filed and paid GST timely and accurately in the past
you kept all your GST records to a satisfactory level, and
your turnover is subject to seasonal, low volumes or high value cash flow peaks.
