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Everything You Need to Know About Keeping Your Singapore Company Registration Active


Did you know that your company needs to file regulatory paperwork annually to stay compliant with Singapore law? While not many people enjoy filing paperwork, these documents actually serve an important purpose. They assist in keeping the country business friendly as well as transparent for other owners and investors. So what paperwork do you need to file to keep your Singapore company registration active? Here’s everything you need to know in order to remain compliant.

What Do You Need to File to Keep Your Singapore Company Registration Active?

There are two Singapore government agencies that require you to file information annually as part of the law. The first is the Accounting and Corporate Regulatory Authority (ACRA). They are the national regulator of business entities in Singapore. The second is the Inland Revenue Authority of Singapore (IRAS). This entity collects taxes and determines the annual filing requirements.

Annual Return Filing

Every company needs to file an Annual Return document with ACRA. It has to be signed by a director of the organisation or a company secretary. The Annual Return must include:

• The Company Name and Registration Number
• The Principal Activities
• The Registered Office Address
• All of the Details of Company Officers
• Any Shareholder Details

Tax Return Filing

There are two specific reports you need to file with your tax return. The first is the Estimate of the Company’s Income. The IRAS requires all businesses to report their estimated taxable income within a period of three months from the end of the financial year. However, if your estimated chargeable income is zero or your annual revenue does not exceed $1 million, then you don’t have to file this information.

The second report is the Income Tax Return. This is a calculation of the taxes that need to be paid. It must be physically filed by November 30 or December 15 if you’re doing it electronically.

What Happens if You Don’t File the Documents?

The consequences of not filing the documents are different according to the organisation.
ACRA can fine companies $300 for each non-compliance offence. The IRAS will send a Notice of Assessment with an estimate of what they believe the company’s income is. If there is no objection from the business within two months, it will get treated as final.

What If Your Company is Dormant?

If your business is taking a break from trading, it doesn’t make you exempt from filing your paperwork. You are still required to file the Annual Return with ACRA. However, you can apply for a waiver from the IRAS so that you don’t need to lodge your tax information.

Who Can Help Keep Your Company Registration Active?

In order to keep your Singapore company registration active, it’s essential to know what documents you need to file on an annual basis. If you’re having difficulty navigating the relevant government departments, you can engage consultants to help ensure you remain compliant.

For over a decade, One Visa has helped over 10,000 investors, business owners, and corporate executives settle in one of the world’s most innovative city. If you have recently set up a business in Singapore and do not know how to keep your company active, you should contact our business consultant to help do a review of your business registration.

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