Change of Company Name and Registered Address
When a company has changed its name and/ or registered office address, the change is to be filed with the Accounting and Corporate Regulatory Authority (ACRA) online via www.bizfile.gov.sg.
There is no need to inform or update IRAS separately of the change in name or address. IRAS will update its records based on the information filed with ACRA on a weekly basis as follows:
| Changes filed with ACRA in the | Records at IRAS will be updated by | Example |
|---|
Week beginning from every Sun to the following Sat | Fri of the following week | For changes filed with ACRA between 26 Jan 2020 (Sun) to 1 Feb 2020 (Sat), IRAS' records will be updated by 7 Feb 2020 (Fri). |
Correspondence Address vs. Registered Office Address
Under the law, IRAS is required to send all Income Tax Forms and notices to the registered address of the company. We are unable to send the forms and notices to a correspondence address that is not your company's registered address as per ACRA's records. If you wish to receive the forms and notices at a correspondence address other than the current registered address, you have to update the correspondence address as the company's registered address with ACRA.
Updating IRAS Directly for Urgent Matters
If you are expecting a tax refund or correspondence from IRAS shortly (i.e. within the next two weeks from the date of filing the change of particulars with ACRA) such that the change in your company's name and/ or address must be updated in IRAS' record immediately, please send us an email via myTax Mail with the information/ documents stated in the table below.
| Particulars that have been changed | Information/ documents to be provided to IRAS |
|---|
Name | - Company's tax reference number;
- Company's name before the update with ACRA;
- Company's new name that has been updated with ACRA; and
- A copy of ACRA's email notification on change of name of your company or a copy of Biz Profile extracted from ACRA.
|
Address | - Company's tax reference number;
- Company's name; and
- Company's new address that has been updated with ACRA.
There is no need to submit any supporting documents to IRAS. |
Change in Financial Year End
You have to inform ACRA and IRAS separately when your company has changed its financial year end as follows:
- Inform ACRA by filing a Notification for Change of Financial Year with ACRA via BizFile; and
- Inform IRAS by logging in to mytax.iras.gov.sg and updating via the Update
Corporate Profile/ Contact Details e-Service
If your financial
statements cover a period that is more than 12 months as a result of a
change in financial year end, you may have to apportion and attribute the
adjusted profit/losses to two different YAs. For details, please refer to Preparing
a Tax Computation.
It is important that you inform IRAS of the change in your financial year end. This record is used by IRAS for sending you the ECI notification letter and for other assessment purposes.
Currently, financial year end changes filed with ACRA are not transmitted to IRAS. IRAS and ACRA are working together to explore having ACRA transmit the information to IRAS in future as part of our broader collaboration with ACRA to have a common point for obtaining companies' details.
Change in Principal Activity
You have to inform ACRA and IRAS separately when your company has changed its principal activity by:
- Updating the company's new business activity (i.e. SSIC Code) with ACRA via BizFile; and
- Emailing IRAS via myTax Mail to inform IRAS of the effective date of change of the company's new business activity together with a copy of the Business Profile extracted from ACRA's BizFile.
It is important that you inform IRAS of the company's new business activity (i.e. SSIC Code) as this record may be used by us for tax assessment purposes.
Currently, principal activity changes filed with ACRA are not transmitted to IRAS. IRAS and ACRA are working together to explore having ACRA transmit the information to IRAS in future as part of our broader collaboration with ACRA to have a common point for obtaining companies' details.
Change in Tax Agents
Your company is required to authorise its tax agents in
Corppass. You may log in to Corppass to perform a one-time authorisation with the following:
- Your Singpass;
- Company's tax reference number; and
- Tax reference number (e.g. UEN-LOCAL CO, UEN-BUSINESS, etc.) of the tax agent firm.
Roles to grant your tax agent
A company may authorise its tax agent as a Preparer or an Approver. If your company is authorising the tax agent as Approver to submit documents (forms /returns / applications / objections) to IRAS directly, please grant the tax agent both the “Preparer” and “Approver” roles. This will allow your tax agent the flexibility to assign its staff with either role in the preparation of your company’s tax submissions.
For assistance on Corppass setup, please refer to the
Step-by-Step Guides.
A Preparer prepares the documents (forms/ returns/ applications/ objections) and submits it to an Approver to review and submit to IRAS. The Preparer, however, does not have the rights to submit the documents directly to IRAS. Once it is submitted to an Approver, the Preparer is not allowed to amend or view the submission.
On the other hand, an Approver can prepare, approve and submit to IRAS the documents prepared by the Preparers. An Approver can also edit or view the documents prepared by all Preparers and other Approvers within the organization.
Reduction in Share Capital
The company is not required to notify IRAS of a reduction in share capital of the company.
Update of Functional Currency