Period Ending Date

In Galvix, the Period Ending Date represents the last day of a tax filing period for a specific jurisdiction. This date determines which transactions are included in a return and helps businesses track their tax obligations efficiently. Galvix assigns the Period Ending Date based on the filing frequency set for a jurisdiction. Filing frequencies include:

  • Monthly: The last day of each month (e.g., January 31, February 28/29, etc. A monthly return with a period ending date as 'Jan 31, 2025' means that it includes transactions from Jan 1, 2025 to Jan 31, 2025).
  • Quarterly: The last day of the quarter (March 31, June 30, September 30, December 31. A Quarterly return with a period ending date as 'Mar 31, 2025' means that it includes transactions from Jan 1, 2025 to Mar 31, 2025).
  • Annual: The last day of the tax year (December 31 or other jurisdiction-specific dates. An Annual return with a period ending date as 'Dec 31, 2024' means that it includes transactions from Jan 1, 2024 to Dec 31, 2024).

Returns are organized and displayed on the Returns page based on their Period Ending Date. This makes it easy to locate returns for a specific filing period.

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