Filing Deadlines
Year of Assessment | Due Date |
---|
2020 | 15 Dec |
2021 Onwards | 30 Nov |
The annual filing deadline for Form C-S/ C is 15 Dec for YA 2020 and 30 Nov from YA 2021 onwards.
Form C
For YA 2020, companies e-Filing Form C are required to submit their financial statements, tax computation and relevant supporting documents together with Form C via mytax.iras.gov.sg by 15 Dec 2020.
Form C-S
Form C-S is a shorter and simpler version of Form C for qualifying small companies to report their income to IRAS. Companies that e-File Form C-S need not submit their financial statements and tax computation, but are required to prepare them (at or before submitting the tax returns) and submit these documents to IRAS upon request. The due date for e-Filing Form C-S via mytax.iras.gov.sg is 15 Dec 2020.
From YA 2020, companies that qualify to file Form C-S and have an annual revenue of $200,000 or below have the option to file Form C-S (Lite), a simplified version of Form C-S. Please click here for more information on Form C-S (Lite).
For details, please refer to Filing Deadlines for Form C-S/ C.
Documents to Prepare
Financial Statements
Companies must prepare the financial statements in accordance to the Companies Act. Companies filing Form C are required to submit the financial statements together with Form C. Companies filing Form C-S do not need to submit the financial statements together with Form C-S but should be prepared to produce them upon request.
The financial statements should comprise:
- Directors' report;
- Auditor's report (except for companies that enjoy audit exemption);
- Balance sheet;
- Detailed profit and loss statement;
- Notes to the financial statements; and
- Statement by Directors.
Tax Computation and Supporting Schedules
Companies filing Form C are required to submit their tax computation and supporting schedules together with Form C, even if there is no adjustment made to the net profit/ loss. Companies filing Form C-S do not need to submit these documents but should be prepared to produce them upon request.
For details, please refer to Preparing a Tax Computation and Documents to Prepare when Filing Form C-S/ C.
Checks when e-Filing Form C-S/ C
Online Help
Please click on the iHelp icon
<
> should you require on-the-spot guidance as you e-File the Form C-S.
Make Declaration for Tax Exemption for Start-Ups
If your company qualifies for
Tax Exemption for New Start-Up Companies, please remember to make the declaration in Form C-S/ C that the company satisfies all qualifying conditions.
Declare Chargeable Income before Exempt Amount
Enter the chargeable income before the exempt amount i.e. the chargeable income declared should be before tax exemptions given for the YA or provided by any schemes.
For more details:
Common Tax Reliefs and Deductions for Companies
Singapore Financial Reporting Standard for Small Entities ("SFRS for SE")
Effective 1 Jan 2011, eligible entities may prepare their financial statements using the SFRS for SE.
Based on current applicable tax rules and principles, the impact on tax computation is assessed to be minimal for eligible entities which prepare financial statements based on the SFRS for SE, except for the treatment for financial instruments.
Tax adjustments are also required for tax treatment property, plant and equipment, research and development cost and borrowing cost.
For details, please refer to the Income tax implications arising from the adoption of the SFRS for Small Entities (PDF, 131KB).
Workshops and Seminars for Companies
Company representatives who are responsible for the preparation of Form C-S/ C filing and other corporate tax matters are encouraged to sign up for a free Corporate Tax Seminar conducted by IRAS. Subscribe to our eAlerts
to receive updates on IRAS seminars/events.
New! IRAS is in the process of developing bite-sized e-Learning modules with
similar content as our seminars, They will be rolled out progressively from Sep
2020. We will update this page with more information when they are
published.