Determination of the financial year or the changes specified in the statute or agreement under which the entity was created. Thus, depending on the form of the business, the change of the financial year will be required to take various steps.

Generally, if you change the first year after the change of the fiscal year should be no longer than 12 consecutive months.

If you change the fiscal year for the first fiscal year after the change shall be the period from the first month following the end of the previous fiscal year to the end of the tax year of the newly adopted. This period may not be shorter than 12 and not more than 23 consecutive calendar months.

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