Calendar year - Definition

A calendar year begins on the New Year's Day of the given calendar system, ie:- period beginning on January 1 and ending on December 31, based on the Gregorian calendar. For individual and corporate taxation purposes, a calendar year will generally comprise all of the year's financial information used to calculate income tax payable. However, some firms prefer to file taxes based on a fiscal year (e.g. starting on April 1 and ending on March 31) to better match effects of seasonality that has a significant impact on their businesses.

Terms near "Calendar year"

Call date

Call money market

Call money rate

Call option

Call protection

Call provision

Call ratio backspread

Call risk

Call swaption

Callable bond