What financial year end should my company choose?
Your first financial year end must fall within 18 months of incorporation; after that it recurs annually. The choice drives your whole compliance calendar — accounts, audit scheduling, Form C at year end plus seven months. December aligns with the calendar year; mid-year ends like June can buy breathing room from the audit-season crunch.
Statutory figures: Companies Act 2016 Income Tax Act 1967
Also asked as: FYE selection; financial year end best month; tahun kewangan syarikat; year end 31 december or june.
We set the year end deliberately at incorporation based on your trading seasonality and when you'd rather not be doing paperwork — changing it later is possible but is a filing, not a preference toggle.
Key facts
- First FYE ≤18 months from incorporation
- Form C due FYE+7 months
- Changeable later via formal process