Companies applying for strike-off
Local companies can visit ACRA website on Closing a Local Company for the Guidelines on Application for Striking Off.
One of the conditions that the company has to fulfil in order to be struck-off is that the company must not have any outstanding tax liabilities with IRAS. The company has to ensure the following:
- All outstanding Forms (Form C) have been submitted;
- Accounts and tax computations have been submitted up to the date of cessation of business; and
- There are no outstanding tax matters (eg. Queries raised by IRAS, objections to assessments, payments etc.)
- There are no outstanding GST matters and GST registration has been cancelled.
Otherwise, IRAS may object to the strike-off. The company may proceed to apply for strike-off once all outstanding tax obligations and liabilities have been settled. There will not be any tax clearance letter issued by IRAS for the purpose of applying for strike-off.
Submitting Form C, accounts and tax computations
Please submit the company’s outstanding Form C, audited/unaudited accounts and tax computations with a covering letter stating your intention to apply for strike-off before proceeding to apply for strike-off.
If the company has been dormant since the date of incorporation or since the submission of the last tax return, you may wish to complete the Application for Waiver to Submit Income Tax Return (Form C) by a Dormant Company (1 page, 49KB) and submit the form together with a covering letter stating your intention to apply for strike-off before proceeding to apply for strike-off.
Companies applying to cease registration
Singapore branches of foreign companies and foreign companies not registered with ACRA have to inform IRAS in writing if they have ceased registration or business. These companies have to submit accounts and tax computations up to the date of cessation of registration or business.
FAQs
If Form C for YA 2008 has been issued to the branch, the branch is required to submit Form C for YA 2008 together with the audited/unaudited accounts and the tax computation for the financial year ending in 2007. In addition, the audited/unaudited accounts for the period up to the date the branch ceased registration and the relevant tax computation should also be submitted.
If Form C was not issued, the branch does not need to request for the Form C. The branch can submit the audited/unaudited accounts up to the date the branch ceased registration and the tax computation together with a covering letter stating the date of cessation of registration.