What are the implications of my startup having a financial period of more than 12 months?

If you choose to go over 12 month for the first round, you will consume 2 years of start-up exemptions. So you will have only one more future year of exemption as opposed to 2 if you go for less than 12 months.

After start-up exemptions are over, standard exemptions apply. The difference can be seen on the link below,

Corporate Tax Rates, Corporate Income Tax Rebates and Tax Exemption Schemes

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