In case the first annual accounting period or the last annual accounting period is shorter than 90 days, it is allowed to add it to the next annual accounting period or to the previous year’s accounting period to make an annual accounting period;
The first annual accounting period must be shorter than 15 months.
The tax period is determined according to the calendar year. In case an enterprise applies a fiscal year different from the calendar year, the tax period is determined according to the applicable fiscal year. The first tax period for a newly established enterprise is determined in accordance with the accounting period according to the provisions of accounting law;
In case the first annual tax period of a newly established enterprise from the date of issuance of the Business Registration Certificate or Investment Certificate is shorter than 03 months, it will be added to the following annual tax period (for newly established enterprises) to form a corporate income tax period;
The first annual corporate income tax period must not exceed 15 months.
The deadline for submitting the dispatch to combine the accounting period and tax period is before the expiration of the financial statements of the year in which the combination is requested.