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 transparency 2012 reviewed the state of fiscal transparency in the wake of the global financial crisis and proposed a series of improvements to existing international fiscal transparency standards and monitoring arrangements. The 2012 paper laid the groundwork for the IMF’s new Fiscal Transparency Code and Fiscal Transparency Evaluation that replaced the 2007 Code and the related fiscal module of the ROSC. The new Code covers four key elements of fiscal transparency: For each of the principles defined in the Code, the new Code differentiates between basic, good, and advanced practices in order to distinguish between different levels of performance and capacity