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We have prepared this comprehensive guide to corporate filing requirements in Singapore as it is evident that there is increased scrutiny on late filings from both IRAS and ACRA.
July 30, 2021
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Overseas holidays are still off the cards, and bosses think employees have “nothing better to do” than to be on call 24/7, leading to people working even longer hours than before. So we don’t blame you for thinking of starting a business and kissing the corporate life goodbye forever.
The good news is that Singapore is one of the easiest countries in the world to start a business, administratively speaking at least. However, executing a business idea that actually works is another story.
Here’s a walkthrough of the process that business owners have to go through.
1. Make sure you’re ready
Singapore Issues Corporate Tax Return Filing Guidance
Singapore Issues Corporate Tax Return Filing Guidance
by Mary Swire, Tax-News.com, Hong Kong
09 June 2021
The Inland Revenue Authority of Singapore has released guidance for companies on filing a corporate income tax return this year.
The deadline for filing the form is November 30, 2021, for the 2021 year of assessment.
Companies should file one of three forms depending on the size of their operations.
The simplified Form C-S is for companies that fulfil all of the below conditions - they:
are incorporated in Singapore; and
have an annual revenue of SGD5m or less; and