As announced in Budget 2016, in line with Government’s direction for more cost effective delivery of public services and aligned with the Smart Nation vision to harness technology to enhance productivity, e-Filing of Corporate Income Tax (CIT) returns (including ECI, Form C and Form C-S) will be made compulsory in a phased approach from Years of Assessment (YAs) 2018 to 2020 as follows:

YA  Target Group
2018Companies with turnover of more than $10mil in YA 2017
2019Companies with turnover of more than $1mil in YA 2018
2020All companies

The phased implementation would provide more time for smaller companies to modify their processes and ease into e-Filing. Click to find out more about e-Filing versus Paper Filing.

Tax agent firms play an important role in helping companies meet their e-Filing obligations. The use of e-Filing will help to improve the productivity of the tax industry and reduce companies’ compliance costs.

Recognition of Tax Agent Firms that e-Filed YA 2016 Form C-S/ C for their Clients

We are pleased that tax agent firms have embraced e-Filing for YA 2016. In recognition of their efforts, we are featuring our External Value Network (EVN) tax agent firms and top 30 e-Filing tax agent firms which have strongly supported the e-Filing initiative.

EVN Tax Agent Firms

This refers to tax agent firms that e-File their clients' Form C in bulk to IRAS via a dedicated network known as the External Value Network (EVN). Separate resources were devoted to establish the EVN and IRAS appreciates the firms' effort to support the e-Filing initiative.

To date, four tax agent firms have come on board and they are:

  • Ernst & Young Solutions LLP

          

           http://www.ey.com/SG/en/Home

 

  • PricewaterhouseCoopers LLP

           

           http://www.pwc.com/sg/en.html

 

  • Deloitte & Touche LLP

       

           http://www2.deloitte.com/sg/en.html

Top 30 e-Filing Tax Agent Firms for YA 2016

 15 tax agent firms with the highest number of Form C-S/ C clients e-Filed in YA 2016 (in no order of ranking) 

  • HAWKSFORD SINGAPORE PTE LTD

            Hawksford Guide

           www.guidemesingapore.com

  • KRESTON DAVID YEUNG PAC
    Kreston david

                www.davidyeung.com.sg

  • CONTACTONE PROFESSIONAL SERVICES PTE LTD

           ContactOne

             www.contactone.com.sg

  • SHANKER IYER CONSULTANTS PTE LTD

              Shanker Iyer

              http://www.iyerpractice.com

Recognition of Tax Agent Firms who e-Filed YA 2017 Form C-S/ C for Their Clients

New! To recognise the continuous efforts of tax agent firms and encourage more to come on board, IRAS will feature the top 30 e-Filing tax agent firms and EVN partners for YA 2017.

Scheme Criteria for YA 2017

A. Recognition of EVN Tax Agent Firms

This refers to tax agent firms that e-File their clients' Form C in bulk to IRAS via a dedicated network known as the External Value Network (EVN). Separate resources were devoted to establish EVN. To date, four tax agent firms have come on board.

B. Recognition of Top 30 e-Filing Tax Agent Firms

IRAS will recognise the top 30 e-Filing tax agent firms as follows:

 CategoryCriteria

Top 15 tax agent firms:

Highest number of clients e-Filed in YA 2017 

Top 15 tax agent firms with the highest number of Form C-S/ C clients whom they have e-Filed for in YA 2017 

Top 15 tax agent firms:

Most improved e-Filing rate in YA 2017 

Top 15 tax agent firms with the biggest improvement in terms of absolute number of Form C-S/ C clients whom they have e-Filed for in YA 2017 compared to the number of Form C-S/ C clients whom they had e-Filed for in YA 2016 

Terms and Conditions
All tax agent firms with Form C-S/ C clients for YA 2017 are eligible for this recognition.

  1. For the purpose of this recognition:
    • Tax Agent refers to a tax agent firm that is set up as a sole-proprietorship, partnership, or company and that provides tax filing services (excluding freelance tax agent individual), and
    • Client refers to a company that has authorised the tax agent firm via EASY.
  2. Only Form C-S/ C e-Filed for YA 2017 by the authorised tax agent firm by 15 Dec 2017 will be considered towards the count.
  3. EVN tax agent firms will not be included under this category as they will be separately recognised under the Recognition of EVN tax agent firms.

The selection of the top 30 tax agent firms shall be decided by IRAS, whose decision shall be final.

  • How and when will IRAS feature the EVN and Top 30 e-Filing tax agent firms?

    IRAS will feature the name and website address of the EVN and Top 30 e-Filing tax agent firms on IRAS website by May 2018.

  • What if I, as the Tax Agent, prepared the financial statements, tax computation and online Form C-S/ C but my client does the actual e-Filing?

    IRAS will only count the Form C-S/ C that was e-Filed by the tax agent firm. Hence, if your client does the actual e-Filing, it will not be considered towards the count.

  • How will I know if my tax agent firm made it to the Top 30?

    IRAS will inform the top 30 tax agent firms via mail by end Mar 2018.

RATE THIS PAGE

  • Strongly Disagree
  • Strongly Agree

Information is easy to understand.

Information is useful.

Information is easy to find.

Please email us if you would like us to respond to your enquiries.