Singapore Company Year End Compliance

Singapore Company Filing Requirements You Need To Know

Every year, a Singapore company will need to fulfill the following requirements to stay in compliance with Singapore laws:

1. Preparation of accounts and presentation of financial statements

2. Holding an Annual General Meeting (AGM) within 6 months from year end

3. Filing of Annual Return with ACRA within 7 months from year end

4. Filing of XBRL with ACRA (if applicable)

5. Preparation of tax computation and schedules

6. Filing of Form C or Form C-S with IRAS on or before 15 December

Statutory Filing Requirements

of a Singapore Company

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8 Types of Documents Required in

Preparing The Company Accounts

Sales Invoices File

Put all the customer sales invoices into this file, with a separate section for credit notes (if any).

Purchases (COS) File

Put all the purchases (costs of sale) invoices into this file. These suppliers' invoices are for goods, materials or services the Company purchase to make the sales to its customers.

Expenses File

Put all expenses invoices or receipts into this file. Any invoices or receipts that are not purchase invoices (above) shall be filed here, e.g. utilities, stationery, repairs, entertainment, etc..

Payroll & cpf file

Put all the pay slips/ records, IR8A, CPF submission details and records, and foreign worker levy transactions into this file.

Bank statements

Put all the Company's monthly bank statements, credit and debit advices into this file, with a separate section for bank loans and related documents like offer letter and statements.

Rental & Agreements

Put all the agreements entered into by the Company into this file. It may include office rental, hire purchase/ lease agreement, and any continuous sales or purchase agreement.

IRAS Tax File

Put all IRAS letters, corporate tax submission (Form C / Form C-S), notice of assessments, correspondences, GST matters and GST submission (Form F5)  (if applicable).

Inventory file

If the Company has inventory, do conduct stock take at month end and year end (e.g. 31 Dec) and file all stock listing report, stock-take report and stock movement report in this file.

Is this package right for you?

The annual compliance package (ACP) is perfect for small business owners who want a fuss-free, low costs, no frills and worry-free solution to take care of their Company tax reporting to IRAS and Company Annual Return filing to ACRA.

For S$3,600 each year, we will provide:

- bookkeeping to compile the entire year of transactions

- drafting of a simple financial statements,

- prepare the company tax computation,

- filing of IRAS Form C-S,

- a named company secretary,

- preparing of directors and AGM resolutions, and

- filing of the Company's Annual Return with ACRA.

 

CHARTERED ACCOUNTANT   |   ACCREDITED TAX PRACTIONER

ACRA REGISTERED FILING AGENT   |   CLOUD ACCOUNTING CERTIFIED ADVISOR

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For $10 a day, ACA has solved what my previous accountant cannot do - filing on time and getting my accounts up to date! I am thankful I called ACA to  relate my previous situation.

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