S.L. 406.2 чл. 4One month tax period.

(1) Where the Commissioner is satisfied that the credit for input tax to which a registered person is likely to be entitled for each of four consecutive tax periods will exceed the output tax for the said tax periods, the Commissioner may, on an application made by that person, deterrnine by means of a notice in writing, that the tax period of the applicant as from such date as may be specified in the said notice, be a period of one month.

(2) The four consecutive tax periods referred to in subregulation (1), shall be four consecutive tax periods commencing with the tax period immediately following that during which an application for the purposes of this regulation is made.

(3) The notice referred to in subregulation (1) shall be served on the applicant.

(4) Notwithstanding the other provisions of this regulation, the Commissioner may, for the purpose of ensuring the correct and regular collection of the tax, or for the objective of combating VAT fraud, allocate a tax period to a person of one (1) month commencing on the first (1) day of a calendar month and ending on the last day of that same calendar month.