Companies under liquidation
If the company is undergoing liquidation, the liquidator should write to inform IRAS and furnish the notices concerning the appointment of liquidators (Notice of Appointment and Situation of Office of 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 liquidator's account of receipts and payment 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/receivership
If the company is under judicial management/receivership, it will still be required to submit the Form C, audited/unaudited accounts, 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.