Sets the tax period and filing deadline and requires a return even where no transactions occurred.
What should you do now?Close the period, reconcile production and releases and file even with no transactions.
What does this Article provide?
Sets the tax period and filing deadline and requires a return even where no transactions occurred.
This is a verified plain-language summary. The binding full text remains in the official Regulations file linked below.
What does the Article mean in plain language?
The local-production period is 60 days, followed by filing within the stated deadline even where there were no transactions.
Separates imports from local production because their procedures differ.
Close the period, reconcile production and releases and file even with no transactions.
How can this rule appear in practice?
In a period with no release, the registrant checks the data and submits the required return rather than omitting the period.
The example is explanatory; it is not an NBR case or a binding result for a specific fact pattern.Assuming a nil return is unnecessary.
Related Articles
Returns, payment and refunds guide
Open the topic guide that combines Law, Regulations, procedure and examples in one flow.
Open practical guideBefore relying on the result
Is this commentary enough for a final decision?
No. Use it to understand and route the issue, then match the facts against official legislation, amendments and current guidance, obtaining specialist advice for material amounts, deadlines or penalties.
Why are several sources listed?
The Law states the rule, the Regulations detail procedure and the guide explains portal operation. None replaces the others.
What is the first fact I need?
Close the period, reconcile production and releases and file even with no transactions.
Official sources and guidance
Official source of the Regulations, read with the 2022 amendment and later decisions.
Used for operational context, terminology and examples; it does not replace legislation.
Operational reference for filing, payment and return outcomes.