CIPC – Change in Financial Year End

The financial year of a company begins on the date that the incorporation of the company is registered as stated in its registration certificate. The directors/shareholders may choose to change the company’s financial year-end at any time by filing with CIPC.

There are, however, rules governing the changes to financial years:
– It must be the first change of the financial year-end for a specific year, as a company may only change its financial year-end once during a particular financial year,
– the current financial year must not have ended,
– the new financial year-end may not result in a financial year longer than 15 months

Please note:
Once the financial year has been amended with CIPC, it will need to be amended with SARS as well. We will assist you with the entire process.