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Epica FAQ Series

Are there any advantages of setting a financial year-end within 12 months of incorporation?

Corporate Income tax

Are there any advantages of setting a financial year-end within 12 months of incorporation?

How to decide accounting year-end for your Singapore Registered Company?


Yes, there is a big advantage of setting your fiscal year-end within 12 months.

If you close your financial period within 12 months, you will enjoy a 75% exemption on your company’s chargeable income of the first $100,000.

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