WHAT IS MY COMPANY’S FILING DUE DATE?

WHAT IS MY COMPANY'S FILING DUE DATE?Every Singapore registered company is required by law to file an Annual Declaration of the company position and the Corporate Tax every year as long as the company is active. In fact, there are many business owners or even directors that are not aware of their company’s filing due dates. And in some instances, they may forget to file the Annual Return to ACRA and submit Form C/Cs to IRAS. This noncompliance will result in having a penalty and thereafter, it will become a court summon. Companies are strongly encouraged to maintain good compliance with the respective government agencies to prevent unnecessary distress.

 

So how can we calculate the filing due date of a company?  

Take for example, a Company, ABCD Pte Ltd, which has incorporated on 15/04/2013. The company is given an option to choose the preferred financial year end. In this case the company can choose to end its accounting period on 31/12/2013 or by default till 31/03/2014 (12 months).

If the company was to choose its financial year end on 31/03/2014. The filing due dates are as follow:

  • Annual Return: 31/10/2014 (7 months after FYE)
  • Annual General Meeting (AGM): 30/09/2014 (6 months after FYE)
  • Estimated Chargeable Income (ECI): 30/06/2014 (3 months after FYE)
  • Corporate Tax – Form Cs: 30/11/2015 (Every 30 Nov. 1 year after FYE)

 

If the company was to choose its financial year end on 31/12/2013. The filing due dates are as follow:

  • Annual Return: 31/07/2014 (7 months after FYE)
  • Annual General Meeting (AGM): 30/06/2014 (6 months after FYE)
  • Estimated Chargeable Income (ECI): 30/03/2014 (3 months after FYE)
  • Corporate Tax – Form Cs: 30/11/2014 (Every 30 Nov. 1 year after FYE)

 

For dormant companies that do not have any business transaction for the entire year, they are allowed to file a Dormant Annual Return and file a waiver of Form Cs.

I hope that this illustration will give everyone a better understanding of the filing due dates. Alternatively, you can always engage a professional firm (ACE SUCCESS PTE LTD) to help you in keeping track of the filing due dates and also to maintain good compliance records.

Ace Success provides a comprehensive compliance package that is welled suited to your needs.

For more information please see promotion page.

Contact us today to arrange a non-obligatory appointment with our corporate consultant.

Are you still rushing to get your accounts up to date?

Get in touch with us.
Top