Open Invitation to Collaborate with Software Developers
IRAS and ACRA invite software developers to participate in a pilot to co-create a novel digital solution that enables companies to generate draft versions of the following documents:
- Annual Return (“AR”)
- Financial statements in eXtensible Business Reporting Language (“XBRL”) format
- Corporate Income Tax Return (Form C-S)
- Corporate Income Tax computation
After reviewing the draft documents, companies will be
able to submit documents (a), (b) and (c) to IRAS and ACRA seamlessly from the digital
solution. Document (d) will be retained by the company and need not be filed. The
target users of this solution are companies with simple tax affairs and
accounting transactions.
Software developers are required to enhance their
software with capabilities to consume various Application Programming
Interfaces (“APIs”) developed by IRAS and ACRA to generate and submit the
documents. We intend to work with up to 4 software developers to enable:
Filing of Form C-S for Year of Assessment
2019 from September 2019
Filing of AR
from December 2019
Generation of
Corporate Income Tax computation and filing of Form C-S for Year of Assessment
2020 from April 2020
Generation of Financial statements in XBRL
format from April 2020
Software developers keen to help companies improve
their productivity through digitalisation and are able to meet the requirements
detailed in the Open Invitation documents can apply to participate in this
pilot project. The development of this solution will take place from April 2019
to March 2020.
Please refer to these
documents (6.93MB) for more details.