Corporate Taxation
A corporation is generally liable for Singapore income tax on all income accruing in, or derived from Singapore, as well as foreign sourced income remitted or deemed remitted into the country.
Tax Return and Compliance
InsightsSingapore publicationsDoing Business in SingaporeCorporate Taxation
Tax Return and Compliance
The chargeable income of a company for each fiscal year is based on the result of its financial year ended in the preceding fiscal year.
Each year, the taxpayer must file a return together with the audited accounts required under the Companies Act to the Inland Revenue Authority of Singapore (IRAS) by 30 November (paper-filing) or 15 December (electronic filing) of the YA.
An Estimated Chargeable Income (ECI) is to be filed within three months from the end of the financial period.
With an attempt to reduce the compliance cost on business, effective from YA 2017, companies with annual revenue of $5,000,000 or below are qualified for filing of Form C-S.
Click here to download the Doing Business in Singapore 2023 guide
Tax
Insight and innovation to guide you through today’s evolving global tax landscape