Companies under liquidation/receivership
If the company is undergoing liquidation, it should write to inform IRAS and furnish the details of the company's liquidator. It also has to submit all outstanding tax returns and accounts (up to the date of liquidation).
In a case of voluntary liquidation, the company's liquidator will file half-yearly accounting statements and reports to IRAS, and tax will be assessed based on the information furnished.
If the company is undergoing compulsory liquidation, the official receiver will submit a yearly statement of income and expenditure at the beginning of each year for each preceding year. Tax will be assessed based on the information furnished.
Companies under judicial management
If the company is under judicial management, it will still be required to forward the annual return Form C, audited/unaudited account, together with the tax computation, and supporting documents yearly.
FAQs
If Form C for YA 2008 has been issued to the company, the company is required to submit the Form C for YA 2008. Hence for the financial year ending in 2007, the company should submit its Form C together with the audited/unaudited accounts for that period and the tax computation. In addition, for the remaining period up to the date of liquidation, the company is required to submit the audited/unaudited accounts up to the date of liquidation and the relevant tax computation.
If Form C was not issued, the company does not need to request for the Form C. The company can submit the audited/unaudited accounts up to the date of liquidation and the tax computations together with a covering letter stating the date of liquidation and details of the company’s liquidator.