How to decide when the Financial Year End of my company should be?

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

Every company must determine its Financial Year End at the time of incorporation. There are a few critical factors to take into account while deciding your FYE:

• If your company carries out seasonal business activities or not
• If your company is a subsidiary
• Eligibility for tax exemption

FYE determines a company’s taxation period. It is essential to choose an FYE after considering how it would be helpful in corporate tax exemptions and how it would affect the tax obligations.

It is best to set the FYE on the last day of the 11^th month of your incorporation.