Quick Summary
To change your GST taxable period and filing frequency in New Zealand, you need to send a message to the Inland Revenue Department (IRD) through myIR, stating your preferred new period. Do not change your filing until you receive official confirmation and approval from the IRD.
Details
Modifying Your GST Taxable Period
Businesses in New Zealand may find that their initial GST taxable period or filing frequency no longer suits their operational needs. The Inland Revenue Department (IRD) allows for changes, but it's a formal process.
- Method of Application: The easiest way to request a change is by sending a message via your myIR account.
- Information to Provide: Clearly state which taxable period and filing frequency you prefer.
- Alignment with Balance Date: Remember that your GST taxable period must always align with your business's balance date (e.g., if your balance date is March, your periods might be April-May, June-July, etc.).
- Waiting for Confirmation: It is critical not to change your filing until the IRD officially approves and confirms your new taxable period. They will inform you when to start using the updated frequency.
Source: GST guide (IR375)