Striking Off a Company

Companies must pay outstanding taxes and fulfil all tax obligations as part of the process of striking off the company.

Requirement to Settle Outstanding Tax Liabilities

You may apply to the Accounting and Corporate Regulatory Authority (ACRA) to strike your company’s name off the Companies Register if it is no longer carrying on business. This process is known as 'striking off' a company. Learn more about the striking off process at ACRA’s website.

To successfully apply to ACRA to be struck off, your company must not have any outstanding tax liabilities with IRAS. Otherwise, IRAS may object to the application to strike off.

In this regard, your company should ensure that:

  1. All Corporate Income Tax Returns (Form C-S/ Form C-S (Lite)/ Form C) are filed up to the date of cessation of business. If your company is filing Form C, the financial statements and tax computation must also be filed.
  2. All outstanding tax matters are settled with IRAS (e.g. there are no outstanding queries from IRAS, assessments are finalised for all YAs and the related taxes and penalties (if any) are paid).
  3. GST registration is cancelled and there are no outstanding GST matters. You can check if your company is GST-registered via the Register of GST-registered Businesses. It is not necessary to log in to mytax.iras.gov.sg to access this service.

Do not close your company's bank accounts until all outstanding matters are settled. Once your company's bank account is closed and there is a tax credit owing to your company, IRAS will not be able to pay over the tax credit to a third party (e.g. director, shareholder). When your company is dissolved, the tax credit due to your company will be paid over to the Insolvency Office. Your company’s shareholders may then approach the Insolvency Office if they wish to claim the tax credit, and charges will be imposed by the Insolvency Office for the processing of the claim. Find out how to make a claim at the Insolvency Office's website.


When your company has been successfully struck off and dissolved, you must ensure that all books and papers of your company are retained for a period of at least 5 years from the date on which your company was dissolved. This responsibility also falls on any person who was an officer (generally referring to any director, secretary or person employed in an executive capacity) of your company immediately before your company was dissolved.

Filing Form C-S/ Form C-S (Lite)/ Form C Up to the Date of Cessation of Business

Your company must file its Form C-S/ Form C-S (Lite)/ Form C up to the date of cessation of business, before proceeding to apply for strike off with ACRA.

If your company is filing Form C, you must file its financial statements and tax computations together with Form C. If your company is filing Form C-S/ Form C-S (Lite), you do not need to file its financial statements and tax computations together with Form C-S/ Form C-S (Lite), but these documents should be ready for submission upon IRAS' request.

The File Form C-S/ Form C-S (Lite)/ Form C digital service for any given Year of Assessment (YA) is only available from Jun of that year. From 1 Oct 2021, if the date of cessation of business falls in an advance YA for which the File Form C-S/ Form C-S (Lite)/ Form C digital service is not available yet, your company has to use the Apply for Waiver/ File last Form C-S/ C (Dormant/ Striking Off) digital service (formerly known as Apply for Waiver to Submit Tax Return (Dormant Company)) at mytax.iras.gov.sg to file Form C-S/ Form C-S (Lite)/ Form C for the advance YA.

YAs   File Form C-S/ Form C-S (Lite)/ Form C via
Current or back YAs where the returns are already issued by IRAS but yet to be filed. File Form C-S/ Form C-S (Lite)/ Form C digital service

Learn how to file Form C-S/ Form C-S (Lite)/ Form C.
Advance YAs where the File Form C-S/ Form C-S (Lite)/ Form C digital services are not available yet. This is only required if the date of cessation falls in an advance YA.
 
(Your company need not file the Form C-S/ Form C-S (Lite)/ Form C for advance YAs if the date of business cessation falls in a current or back YA.)
The Form C-S/ Form C-S (Lite)/ Form C for advance YAs will be made available for filing if you first apply for a waiver to file Form C-S/ Form C-S (Lite)/ Form C using the Apply for Waiver/ File last Form C-S/ C (Dormant/ Striking Off) digital service.
 
After the waiver application has been submitted, you may file the advance YA returns via the File Form C-S/ C link in the waiver acknowledgement page. Alternatively, go to Main Menu > Corporate Tax > File Form C-S/ C.
 
You will have 21 days from the date of the waiver application to file the Form C-S/ Form C-S (Lite)/ Form C for advance YAs. After your Form C-S/ Form C-S (Lite)/ Form C for advance YAs have been processed, you will be granted a waiver to file Form C-S/ Form C-S (Lite)/ Form C for future YAs.
 
Learn how to apply for the waiver to file Form C-S/ Form C-S (Lite)/ Form C.

Example 1: Date of Cessation of Business Falls Within Advance YA

Company A with a 31 Dec financial year end ceased business on 31 Mar 2021 and wishes to apply for strike off in Jul 2021. As the business ceased on 31 Mar 2021, Company A needs to file Form C-S/ Form C-S (Lite)/ Form C for the following YAs:

  • YA 2021 for basis period: 1 Jan 2020 to 31 Dec 2020
  • YA 2022 for basis period: 1 Jan 2021 to 31 Mar 2021

As at Jul 2021, the File Form C-S/ Form C-S (Lite)/ Form C digital services are available up to YA 2021. The YA 2022 Form C-S/ Form C-S (Lite)/ Form C is only available in Jun 2022.

However, Company A will be able to file its YA 2022 Form C-S/ Form C-S (Lite)/ Form C prior to Jun 2022 if it applies for a waiver to file Form C-S/ Form C-S (Lite)/ Form C using the Apply for Waiver/ File last Form C-S/ C (Dormant/ Striking Off) digital service. It will then be given 21 days from the date of the waiver application to file the YA 2022 Form C-S/ Form C-S (Lite)/ Form C.

Example 2: Date of Cessation of Business Falls Within Current YA

Company B with a 31 Dec financial year end ceased business on 31 Mar 2020 and wishes to apply for strike off in Jul 2021. As the business ceased on 31 Mar 2020, Company B needs to file Form C-S/ Form C-S (Lite)/ Form C for YA 2021 (basis period of 1 Jan 2020 to 31 Mar 2020).

As the company is not required to file Form C-S/ Form C-S (Lite)/ Form C for YA 2022, it need not use the Apply for Waiver/ File last Form C-S/ C (Dormant/ Striking Off) digital service to file advance YA returns.

Companies using the Apply for Waiver/ File last Form C-S/ C (Dormant/ Striking Off) digital service to file Form C-S/ Form C-S (Lite)/ Form C for advance YAs can expect a faster processing time of up to 2 months for the assessments to be finalised.

However, in the event that IRAS requires further information from companies with more complex affairs or the companies have submitted incomplete information, IRAS may take up to 6 months to review the assessments. This flowchart (PDF, 148KB) illustrates the assessment process for companies applying for strike off.

Dormant Companies

If your company has been dormant since the date of incorporation or since the submission of the last Form C-S/ Form C-S (Lite)/ Form C, and it has an outstanding Form C-S/ Form C-S (Lite)/ Form C that was issued to it during the dormant period, use the Apply for Waiver/ File last Form C-S/ C (Dormant/ Striking Off) digital service before proceeding to apply for strike off with ACRA. If the application for a waiver is successful, your company need not file its outstanding Form C-S/ Form C-S (Lite)/ Form C.

How to Check for Outstanding Tax Liabilities

mytax.iras.gov.sg

You may access the following digital services at mytax.iras.gov.sg to check if your company has any outstanding tax issues:

Corporate Income Tax

  • View Corporate Tax Filing Status (e.g. to check if any Form C-S/ Form C-S (Lite)/ Form C is outstanding or whether the tax assessment has been finalised for a particular YA)
  • View Notices/ Letters - Corporate Tax (e.g. to view Notices of Assessment or letters issued by IRAS)
  • View Account Summary (e.g. to view the balance in your Corporate Income Tax account)
  • View Payment Plan

Learn how to access the above Corporate Income Tax digital services.

GST

  • View GST Filing Status (e.g. to check the status of GST returns or if there are any outstanding returns)
  • View GST Notices (e.g. to view acknowledgement page for submitted GST F5/ F7/ F8 returns)
  • View Account Summary (e.g. to view your GST account balance)
  • View Payment Plan

Learn how to access the above GST digital services.

Integrated Phone Services

You can use our 24-hour toll-free automated answering services to check if your company has any outstanding Corporate Income Tax or GST issues.

Corporate Income Tax

  • Assessment Status (e.g. whether the tax assessment has been finalised)
  • Status of Form C-S/ Form C-S (Lite)/ Form C and Financial Statements (e.g. whether these items are pending submission)

GST

  • GST Registration or De-registration Status

Learn how to use our Integrated Phone Services.


IRAS does not issue tax clearance letters for the purpose of applying for strike off. You can retrieve the following documents from mytax.iras.gov.sg to establish that the company has no outstanding tax matter or tax liability:

  • Tax matter - Latest Notice of Assessment issued by IRAS
  • Tax liability - Latest Statement of Accounts issued by IRAS


FAQs

  1. My company ceased business during the financial year ending 31 Mar 2021 and intends to apply for strike off. If the company has used the Apply for Waiver/ File last Form C-S/ C (Dormant/ Striking Off) digital service and filed the Form C-S/ Form C-S (Lite)/ Form C, financial statements and tax computation up to the date of cessation of business (i.e. the Year of Assessment (YA) 2022), is it still required to file the Estimated Chargeable Income (ECI) for YA 2022?

    Your company is not required to file the ECI for YA 2022, as it has already filed the Form C-S/ Form C-S (Lite)/ Form C, financial statements and tax computation for that YA. We will review and finalise the YA 2022 assessment based on the Form C-S/ Form C-S (Lite)/ Form C, financial statements and tax computation filed.

  2. My company received a notification from the Accounting and Corporate Regulatory Authority (ACRA) informing us that IRAS has lodged an objection to the company’s striking off application. What should the company do?

    IRAS will lodge an objection to your company's application for strike off if your company has outstanding tax matters. Your company is required to settle the outstanding tax matters within 2 months from the date the objection is lodged. Otherwise, your company's strike off application will lapse and you will need to apply to ACRA for strike off again.

  3. My company has been struck off/ has amalgamated with another company. Am I still able to access mytax.iras.gov.sg to view and/or download my company’s Corporate Income Tax notices?

    A company ceases to exist when it has been struck off or has amalgamated with another company and it is not the surviving entity of the amalgamation. Access to Corporate Income Tax digital services at mytax.iras.gov.sg, including the View Notices/ Letters - Corporate Tax digital service, will no longer be available as there is no further need for the company to transact with IRAS. Should your company require its Corporate Income Tax notices, you must arrange for the notices to be downloaded and saved prior to its strike off with ACRA or date of amalgamation.

De-registration by Singapore Branches of Foreign Companies

Singapore branches of foreign companies must pay outstanding taxes and fulfil all tax obligations as part of the process of de-registering the branch.

Requirement to Settle Outstanding Tax Liabilities

Section 377(1) of the Companies Act requires the Singapore branch of a foreign company to lodge a notice with the Accounting and Corporate Regulatory Authority (ACRA) within 7 days after it ceases to have a place of business or to carry on business in Singapore.

The branch should also inform IRAS in writing at the same time that it informs ACRA so that the tax matters and tax liabilities of the Singapore branch can be settled.

The written notification to IRAS must include:

  • Subject header 'Cessation of Business in Singapore'
  • Date of cessation of business in Singapore in dd/mm/yyyy format
  • Name and contact details of a person whom IRAS can liaise with on tax matters
  • All outstanding Corporate Income Tax Returns (Form C), financial statements and tax computations up to the last day of business

Generally, IRAS strives to complete all assessments within 1 month of receipt of complete information. However, in the event that IRAS requires further information from branches with more complex affairs or the branches have submitted incomplete information, IRAS may take up to 6 months to review the assessments. This flowchart (PDF, 148KB) illustrates the assessment process for branches that have ceased registration.