Singapore Incorporated Businesses & Companies
Accounting and Secretarial
Appointment of Company Secretary
Within 6 months from date of incorporation
Appointment of Company Auditors
Within 3 months from date of incorporation unless exempted
Annual General Meeting (AGM)
The first AGM of a company must be held within 18 months from the date of incorporation or within 6 month from the financial year end of the company, whatever is the earlier. After that, an AGM must be held once in every calendar year and not more than 15 months after the last AGM date or within 6 months from the financial year end of the company, whatever is the earlier . As required under Section 197 of the Act, the company must file its Annual Return within 1 month after the AGM.
Taxation
Salaried Employees /Sole-proprietorship / Partnership
The due date for submission is 15 April each year. Please note that no reminders will be issued and there are penalties for late or non-filing of the Income Tax Return.
Companies
A company (resident/non-resident) is required to use Form C to declare its income of the preceding year. The completed Form C with the relevant forms/documents should be filed by 30 November annually.
A company carrying on a trade or business is required to furnish an estimate of its chargeable income within three months after the end of its accounting period.
Employers
Under the law, employers are required to prepare the Form IR8A and Form IR8S, Appendix 8A and Appendix 8B (whichever applicable) and give them to their employees by 1st March each year. The due date for submission of personal tax return is 15th April each year
GST Trader
Submission of GST Return (F5), as a GST registered person, you are required to submit to the Comptroller of Income Tax, a Form GST F5, every monthly or quarterly. You must submit the completed Form GST F5 not later than one month after the end of the prescribed accounting period to which the return relates.
Central Provident Fund
CPF
CPF contributions are part of employees’ wages and must be paid promptly. The grace period for the payment of CPF contributions is 14 days after the end of the month for which such contributions are due and payable. If the due date falls on a Sunday or Public Holiday, CPF contributions must be paid by the next working day.
