Understanding Key Compliance Deadlines for Singapore Businesses: Corporate Tax Filing and AGM/Annual Return
Running a business in Singapore comes with several legal obligations, including compliance with tax and corporate regulations. For companies in Singapore, two crucial annual deadlines are corporate tax filing and the holding of the Annual General Meeting (AGM) along with the submission of the Annual Return (AR). In this article, we break down these key deadlines and provide insights into meeting these obligations efficiently.
Corporate Tax Filing Deadline in Singapore
All Singapore-incorporated companies, regardless of their profitability, must file annual corporate income tax returns with the Inland Revenue Authority of Singapore (IRAS). Here’s what you need to know:
Key Dates:
Estimated Chargeable Income (ECI) Submission:
Within three months from the end of the company’s financial year. For example, if your financial year ends on December 31, your ECI must be filed by March 31 of the following year.
Corporate Tax Filing:
The deadline for filing the annual tax return is November 30 via myTax Portal.
Prepare Your Documents Early:
Accurate bookkeeping throughout the year ensures you have all necessary financial statements ready for tax filing.
Engage a Professional: Outsourcing tax computation to a certified accountant can streamline the process and ensure compliance with IRAS regulations.