Change Financial Year End

Service Details

The directors/shareholders may choose to change the company's financial year end in accordance with the following requirements:

   - A company may only change its financial year end once during a particular financial year. 

   - A company may not choose a financial year end that will result in the total financial year being more than 15 months. 

   - A company may choose to shorten its financial year in which instance there is no minimum applicable.

   - The new year end must be later than the date on which the notice is filed.

   - The current financial year end must not have ended.

Please note that you will also need to amend your Financial Year End with SARS once approved by CIPC.