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
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.
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.
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).
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
WHAT PEOPLE SAY
Cindy Liu, client with us for 5 years
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.
Mr Hui, client with us for 2 year
ACA has been amazing in its service. Each meeting is arranged at a location and time convenient to me!
Joel, client with us for 6 years
Stephen is very friendly and shares many meaningful insights on tackling issues faced internally and externally. His team is worth more than what we are paying for.