How do I decide on the Company’s Financial Year End (FYE)?

We would usually recommend our clients to fix the Company’s FYE on the last day of the 11th month since incorporation to fully maximise the tax exemptions that new start-up companies are entitled to for the first 3 years. After the first 3 years, you can then choose to decide to change your FYE to any other FYE you prefer. If the tax exemption is not of interest to you, you are able to choose whichever FYE that best suits your company right off the bat.

Updated on: 23/12/2022