How do I change the company's financial year end (FYE)?

File the change with ACRA — but approval is needed if the new financial period exceeds 18 months, or if you have already changed the FYE within the last 5 years. The financial year end (FYE) drives the timing of the AGM, Annual Return and tax filing, and can be changed, subject to rules. The company files the new FYE via ACRA BizFile. ACRA approval is generally required where: the change results in a financial year longer than 18 months, or the company has already changed its FYE within the past 5 years. Companies also cannot arbitrarily extend the FYE to avoid filing obligations. Changing the FYE has a knock-on effect on all AGM/Annual Return/tax deadlines, and may affect the period in which tax incentives apply, so it should not be adjusted frequently. Common legitimate reasons include aligning with a parent company's financial year or matching business seasonality. Before changing, have the corporate secretary assess the overall impact on compliance timing and tax.