Fiscal year called –"nendo". Japan's income tax year is 1 January to 31 December, but corporate tax is charged according to the corporation's own annual period. In Macau, the government's financial year is 1 January to 31 December. In Mexico, the fiscal year is the calendar year, 1 January to 31 December. In Myanmar, the fiscal year is 1 October to 30 September. In Nepal, the fiscal year is 1 Shrawan (4th month of Bikram calendar) to 31 Ashad (3rd month of Bikram calendar). Shrawan 1 roughly falls in mid-July. In New Zealand, the government's fiscal and financial reporting year is 1
Fiscal union European economic governance as "an economic constitution made by rules, policies and institutional practices aimed to establish the a fiscal-monetary policy mix, competition rules, financial markets regulations, the single market and international trade policies. When the euro was created, monetary policy was established as a centralized policy, while fiscal policy remained in the hands of national authorities under some institutional arrangements for sound budgetary policy and an ex-ante control by the European Commission." Control over fiscal policy is considered central to national sovereignty, and in the world today there is no substantial fiscal union between independent nations. However the EU