Definition

Art. 72.

(1)

Tax period, within the meaning of this Law, shall mean the span of time, after the expiration of which the registered person is obligated to submit the return with the results of the same tax period.

(2)

The tax period shall be equal to one month for all registered persons and it shall coincide with the calendar month.

(3)

 ⁵⁷ The first tax period after the registration date shall cover the time from the registration date to the last day, inclusive of the calendar month of the registration under this Law.

(4)

The last tax period shall cover the time from the beginning of the tax period to the date of termination of registration inclusive.

(5)

The registered person shall determine on his own the results of each tax period - tax due to be paid to the central government budget or refund tax to be received from the central government budget - on the basis of the supplies and importation effected for each tax period.