The tax declaration shall be filed for the taxable period. The tax period shall be specified in accordance with any of the below options:
Gregorian year commencing from January 1st to December 31st of the same year; or
Financial year pursuant the incorporated body’s articles of association in the place of incorporation.
The first financial period shall be excluded as the incorporated body shall submit an application for the approval of its first financial period within three (3) months from the date of signing the contract or the commencement date of activity provided that such taxable period does not exceed eighteen (18) months.