S.L. 406.2 Art. 3Twelve (12) months tax period.

A person registered under the Act whose turnover, as defined for the purpose of the Sixth Schedule to the Act, does not exceed the

Domestic Threshold defined in the said Schedule shall, unless the

Commissioner decides otherwise, be assigned a twelve (12) month tax period:

Provided that the Commissioner may, where he may deem necessary for the purpose of simplifying the administration of any of the provisions of the Act, allocate a tax period to a person of twelve (12) months commencing on the first (1) day of a calendar month, as may be specified by the Commissioner.