All Singapore companies must comply with the statutory filing requirements with Accounting and Corporate Regulatory Authority (ACRA) and Inland Revenue Authority of Singapore (IRAS). You may engage a professional firm to be your tax and secretary agent to assist you to meet the compliance requirement.
Inland Revenue Authority of Singapore (IRAS)
Estimated Chargeable Income (ECI)
file within 3 months from financial year end
Income Tax Return
file by 30th November each assessment year
Accounting and Corporate Regulatory Authority (ACRA)
Annual General Meeting
first AGM within 18 months after its incorporation;
Subsequent AGMs must be held every calendar year and the interval between AGMs should not be more than 15 months
Annual Return (AR)
AR must be filed within one month after the AGM
Goods and Services Tax (GST)
registration for GST is compulsory if:
a) turnover is more than $1 million for the past 12 months; or
b) you are currently making sales and you can reasonably expect the turnover to be more than $1 million for the next 12 months.
Audited or Unaudited report
every company must prepare either audited or unaudited financial statements;
Company needs not be audited if it is an Exempt Private Limited company (EPC) and turnover less than S$1 million.
XBRL Filing requirement
Solvent EPCs will are exempted from filing XBRL report. Insolvent EPCs and Non- EPCs are required to file XBRL
contribution made 14 days after the end of the month
Company Registration Number Disclosure
every company is required to have the registration number on all business letters, statements of account, invoices, official notices and publications.
Licenses and Permits
Some business in Singapore is subjected to regulation by government authorities such as school, travel agency.
for company involves import, export in and out of Singapore, you will need to obtain a CR No., known as Custom Registration