Their AR filing due dates will also be extended for 60 days. In other words, the deadline for Annual Returns filing will be 1 month from the due date for holding AGM. ACRA papers must be 6-10 pages in length (including text, references, figures and acknowledgements). Extension of Filing ARs Deadline. 16 September 2020. AGMs due date was between April 1, to April 15, 2020: Companies should hold the AGM within 60 days of the due date if they want to avoid any penalties imposed by ACRA. ACRA announced that the due dates for AR filing set for the period from May 1, 2020, to August 31, 2020, for all companies, listed and non-listed, have also been extended for 60 days. �z6z ��ϟ��Z��:}rt\��5���hml�ҳЋ��2����W���뼍�c�%+�@��G>kܼfeTW?����NPo���p(W70�� |]o�ɪ��R2!J�3@�a�z�(�P�:�lɺ��gl�����x�ջT��a�� �岚 �.����T�D����������KV��;�8.�>T�yM#�rU���q:�a�w�w0tEz��U��; New Deadlines for Both Listed and Non-Listed Companies. IRAS – Extension of Deadline to file Tax p�xD�������3���?\f�J|_�:g:d�7��/ʏ2gt��KV�p��C����@��G��}�ȸ2��zBX��g�K���+��H6\}���/7�_ƆOD��3xri�>��Q�~Q����s�� G�?�������:��N�:���.�O�S�����-]v���^Hw���Vh��E�4�Vq�G�xg�]�fǦ��˗�x�ۯ3^�KT���#�]�ۯ�!��hI�_3�-�X������ٮp3~�cN�~�@��A]����Ĕ��z��p$]���Z����؊EQ�:��? From 30 Apr 2021 onwards, late filing penalty would be at least $300, and may be $600 if the filing is late for more than 3 months from the due date. Office workers in the financial district on April 6, 2020 in Singapore, a day before a 'circuit breaker' takes effect. ACRA 2020 will continue to bring together researchers, engineers, academics, students, practitioners, organisations and industries to discuss the current state of the art of research and advancement of technology in areas of Robotics and Automation. Their AR filing due dates will also be extended for 60 days. 4 0 obj On 15 September 2020, the Accounting and Corporate Regulatory Authority (“ ACRA ”) issued an announcement stating the following: Business entities that have annual statutory filings such as Annual Returns with due dates from 8 September 2020 to 31 October 2020 will have up to 30 November 2020 to file, with no late filing penalties imposed. Filing Annual Returns Revised Penalty Framework for Annual Lodgments to take effect from 30 Apr 2021 With effect from 30 Apr 2021, ACRA will implement a revised 2-tier penalty framework for filing of annual return and annual declaration for all Singapore incorporated Companies, Variable Capital Companies and Limited Liability Partnerships. ACRA also announced that any penalties incurred for statutory filings with due dates between 8 and 13 September 2020 would be waived as some BizFile+ users might have experienced difficulties in lodging other filings on the BizFile+ portal. You may view the official press release from ACRA. May 2020 to 31 August 2020 for all listed and non-listed companies will also be extended for. In line with Government's direction for more cost effective delivery of public services and the Smart Nation vision to harness technology to enhance productivity, e-Filing of the Corporate Income Tax returns (including ECI, and Form C-S/ C … On 11 September 2020, ACRA announced that it was suspending the RORC BizFile+ Form until further notice due to technical issues and further extended the deadline for companies and LLPs to lodge RORC information by one month to 31 October 2020. Company is not allowed to do so, because the deadline for the holding of AGM, filing of AR or sending of financial statements for the current financial year have passed. Contact us for more details on ACRA filing services. There is no need for these companies to apply for the extension of time with ACRA. Companies that have the due date of AMGs from 1 April 2020 to 15 April 2020 and hold the AGM within 60 days of the due date will not be imposed any penalties. n8�+˅Jt͙���D�ԌW��L�ϳ3�>{����y&D�\ЕW���Ko�]��/�wH�=0���#�xuŴJ83P��:>�3��gd�!$EV�@=��eV���T�FF�o~ʸ ����p?�E�>�Ȕ8P���+�D��ϛg�7�s���(��+��€Scx���#���y��� /�3ވ�B��l$ If a company requires more time to file its annual returns it can apply for a one-time extension of either one or two months before the deadline to hold the AGM. The corporate tax filing deadline is: 30th November for hard copy 15th December for e-filing In Singapore, the corporate income tax is assessed on a preceding year basis. With effect from 30 Apr 2021, ACRA will implement a revised 2-tier penalty framework for filing of annual return and annual declaration for all Singapore incorporated Companies, Variable Capital Companies and Limited Liability Partnerships. In Apr 2020, ACRA had granted a 60-day extension of time (EOT) for all listed and non-listed companies whose AGMs are due during the period 16 Apr to 31 Jul 2020, and … ACRA Filing Service in Singapore by EBOS - File your ACRA annual returns timely and hassle-free. 3 0 obj %PDF-1.7 <> 2 0 obj 1 0 obj The AR filing due dates for the period 1. Penalties and interest will not be charged if payments are made and returns are filed by the extended deadline of September 30, 2020. Income Tax for Trusts, Clubs and Associations. A1 Accounting Pte Ltd is a registered filing agent with the Accounting and Corporate Regulatory Authority (ACRA). Their AR filing due dates will also be extended for 60 days. From YA 2020, e-Filing of the ECI is compulsory for all companies. Since April 2010, companies that comply with the following sections of the Companies Act will receive a green tick reflected in ACRA’s online directory. 2. There is no change to the current penalty framework for … Submission of full papers by: 15th September 2020 (DEADLINE EXTENDED) Notification of acceptance by: 28th October 2020; Camera-ready submission by: 11th November 2020; Conference running: 8th – 10th December 2020 – Paper Format. Deadlines Extension for AGMs and ARs During COVID-19. With effect from 30 Apr 2021, ACRA will implement a revised 2-tier penalty framework for filing of annual return and annual declaration for all Singapore incorporated Companies, Variable Capital Companies and Limited Liability Partnerships. <> The Accounting and Corporate Regulatory Authority (ACRA) is extending the deadline for companies to file their annual returns and hold their annual general meetings (AGMs).. Find out more about Corporate Tax Filing 2020 below. endobj The AR filing due dates falling from 1 May to 31 August 2020 will be expanded for 60-day period. Companies need to file their corporate taxes by 30th November (for paper filing) or 15th December (for e-filing). For listed and non-listed entities whose AGMs are due during the period of 16th April 2020, to 31st July 2020, ACRA shall grant a sixty days deadline extension. To help companies with their cash flow, a Corporate Income Tax Rebate of 25 per cent of tax payable, capped at $15,000, will be granted for YA 2020. Any penalties incurred for statutory filings with due dates between 8th Sep to 11 Sep 2020 will be waived. ?�؋�er�����V5�^���K���叧'ϡ��OO~��@�� %���� Any Urgent assistance, users can contact ACRA … For companies having a share capital and keeping a branch register outside Singapore, file annual returns within 60 days after AGM. More about cookies, Business entities that have annual statutory filings such as Annual Returns with due dates from 8 September 2020 to 31 October 2020 will have up to 30 November 2020 to file, with no late filing penalties imposed, The “Update Register of Registrable Controllers” transaction in the BizFile, Waiver of penalties for statutory filings on ACRA’s BizFile, Important notice on filing of RORC information. Section 197 : Company required to file Annual Return with in 7 months after financial year end. Requirement to file RORC information with ACRA. +65 8366 3660 ask@ebos-sg.com For example, for local companies and VCC, under the current framework (before 30 Apr 2021), the maximum penalty imposed would only be $300. Companies that had previously been granted extension of time to hold their AGMs within this period will also be given a further 60 days of extension from the last date of extension. Find out why we use cookies and how to manage your settings. <> stream PHOTO from ED#94 2020 Nov/Dec Pg 42 File annual returns within 30 days after the annual general meeting. Deadline Extensions for Annual Returns and AGM’s in Singapore – An Overview . Step 4: Before 31 October 2020, Tetra Consultants will proceed with the filing of the Annual return with ACRA and Tax filling with IRAS. endobj There is no need for these companies to apply for the extension of time with ACRA. While the deadlines are no earlier than 31 December 2020, Tetra Consultants recommends our international clients to complete their annual reporting requirements as soon as possible. The CRA has further extended the payment due date for the 2019 and 2020 years corporation and trust income tax returns, as well as for instalment payments, from September 1, 2020, to September 30, 2020. All other ad hoc statutory filings such as change in company information and personal particulars of company officers with due dates from 8 September 2020 onwards will have up to 30 November 2020 to file, with no late filing penalties imposed. Important Dates. Since April 2010, companies that comply with the following sections of the Companies Act will receive a green tick reflected in ACRA’s online directory. 15 April 2020. Extended Filing Deadline New. ACRA papers must be 6-10 pages in length (including text, references, figures and acknowledgements). 3. +65 8366 3660 ask@ebos-sg.com AGMs due date is beyond July 2020: ACRA will consider if there is a need to extend time at a later date. 1. The Accounting and Corporate Regulatory Authority (ACRA) is the national regulator of business entities, public accountants and corporate service providers in Singapore. The AR filing due dates for the period 1 May 2020 to 31 August 2020 for all listed and non-listed companies will also be extended for 60 days. For listed and non-listed companies whose AGMs are due during the period 1 to 15 April 2020 Section 175 : Company required to hold Annual General Meeting (AGM) within 6 months after financial year end . AGMs due date is beyond July 2020: ACRA will consider if there is a need to extend time at a later date. Companies that have the due date of AMGs from 1 April 2020 to 15 April 2020 and hold the AGM within 60 days of the due date will not be imposed any penalties. Submission of full papers by: 15th September 2020 (DEADLINE EXTENDED) In tandem with the SGX, on 7 April 2020 ACRA also announced an automatic 60-day extension of time for Singapore-incorporated companies to hold their AGMs as well as to file their Annual Returns (accessible here). Their AR filing due dates will also be extended for 60 days. If a company requires more time to file its annual returns it can apply for a one-time extension of either one or two months before the deadline to hold the AGM. ACRA will also not impose any penalties on listed and non-listed companies whose. Posted on 19 November 2020 Corporate Tax Filing 2020: The filing deadline for Form C-S/ C is 15 Dec 2020. For the 2020 Tax year, the deadline to furnish ACA Forms to the employees is extended to March 02, 2021. On 4 April 2020, local businesses and taxpayers feel relieved when Singapore regulatory bodies, IRAS and ACRA, announced the extension of deadlines for tax filing, Annual Returns (AR) filing and holding of Annual General Meetings (AGM) to support Singapore businesses during this COVID-19 pandemic. ACRA Filing Service in Singapore by EBOS - File your ACRA annual returns timely and hassle-free. (PHOTO: Ore Huiying/Getty Images) SINGAPORE — Due to the coronavirus crisis, the Accounting and Corporate Regulatory Authority (ACRA) will extend deadlines for the holding of Annual General Meetings (AGMs) and filing of annual returns. Their AR filing due dates will also be extended for 60 days. The requirement for all companies, foreign companies and LLPs, unless exempted, to lodge information on the RORC with ACRA via BizFile+ was first announced on 23 March 2020 as part of ongoing efforts to uphold Singapore’s reputation as a trusted financial hub, and is in line with international practices. ACRA New Filing Deadline April 13th, 2020. Here is what you need to know about filing your company's corporate tax. Exemption for private companies from holding AGMs subject to specified safeguards We provide accounting and corporate secretarial services to local and overseas clients. Corporate Tax Filing: A guide for business by an ACRA Filing Agent. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S>> Submission of full papers by: 15th September 2020 (DEADLINE EXTENDED) Notification of acceptance by: 28th October 2020; Camera-ready submission by: 11th November 2020; Conference running: 8th – 10th December 2020 – Paper Format. ACRA2020 – 8th-10th December, Brisbane, QLD This year, the Australasian Conference on Robotics and Automation (ACRA) will be jointly organised by the Australian Robotics and Automation Association (ARAA) and the Robotics and Autonomous Systems Group at CSIRO’s Data61. The following media releases are available on the ACRA website www.acra.gov.sg: This site uses cookies and by using the site you are consenting to this. ACRA will grant a 60-day extension of time for all listed and non-listed companies whose AGMs are due during the period 16 April 2020 to 31 July 2020. COVID-19: Payment deadline extension. Contact us for more details on ACRA filing services. On 4 April 2020, local businesses and taxpayers feel relieved when Singapore regulatory bodies, IRAS and ACRA, announced the extension of deadlines for tax filing, Annual Returns (AR) filing and holding of Annual General Meetings (AGM) to support Singapore businesses during this COVID-19 pandemic. endobj x��]mo�6�n��A��̊/���� �Is)���w��aco� ��v�n�3C���\I�R>��+���Ù�Cj���I�r���J��IQL��R��"�.OO��M�:=������x�9�Ur�����'RW�.�2��N. PD 6/2020 7 April 2020 (Revised 15 April 2020) 7. Deadlines Extension for AGMs and ARs During COVID-19 For listed and non-listed entities whose AGMs are due during the period of 16th April 2020, to 31st July 2020, ACRA shall grant a sixty days … 15th September 2020 Update: ... the deadline for AR filing will also be similarly extended by 60 days. TYPE OF DEADLINE . ACRA is committed to delivering this event to our members and community, and plan to hold the ASM on the original dates (August 10 – 12, 2020), however this will be subject to regular review and potential change as necessary. 3. 60 days. ���(�:�ZRc��������W!��>P�P��v&}(�J��]ο�8�,s\�Q�+$�P`.0A��hS���Fb�͟tg_�J�Z�1�P�L�����}��"�Z�L�@�#��2!_��k�0��qN���P�w��O̟w�q��#ǵt��#kޒ�u� �0$i�Fh|)��6��ĵmز�������Q�b�q. On 15 September 2020, the Accounting and Corporate Regulatory Authority (“ACRA”) issued an announcement stating the following: Business entities that have annual statutory filings such as Annual Returns with due dates from 8 September 2020 to 31 October 2020 will have up to 30 November 2020 to file, with no late filing penalties imposed. On 1 Dec 2020, company wants to change its FYE from 31 Mar 2019 to 31 Dec 2020. Estimated Chargeable Income (ECI) for companies with Financial Year ending Jan 2020 and Feb 2020. Section 259(2) of CA 2016, however, allows the Registrar to extend the period of filing of the financial statements and reports upon an application made by the company before the expiry of the periods specified in paragraph 6. ) for companies having a share capital and keeping a branch register Singapore... Months after financial year end for e-Filing ) details on ACRA filing Agent: required... Time at a later date Singapore, file annual Return with in 7 months after financial year end company... * ACRA will consider if there is no need for these companies to for... Period for filing ARs view the official press release from ACRA LLPs to lodge RORC information by month! For holding AGM filing services with ACRA proprietors and partnerships ) 18 April 2020 is compulsory for listed... Acra papers must be 6-10 pages in length ( including sole proprietors and partnerships ) 18 April 2020 addition the... Returns are filed by the extended deadline of September 30, 2020 8th Sep 11... C-S/ C is 15 Dec for YA 2020 and Feb 2020 2021 onwards, 2020 about your! 'S corporate Tax filing 2020: ACRA will consider if there is no need for entities... Extended for 60 days C is 15 Dec 2020 timely and hassle-free by EBOS - file ACRA... March 2021 is in addition to the existing requirements for these companies to apply for the 1... Lodge RORC information by one month to 31st March 2021 view the official press release ACRA. Change its FYE from 31 Mar 2019 to 31 August 2020 will be waived may to. Companies need to file annual Return with in 7 months after financial year.... Is 15 Dec for YA 2020, e-Filing of the ECI is compulsory for listed... Charged if payments are made and returns are filed by the extended of... Taxes by 30th November ( for e-Filing ) company required to hold annual General Meeting ( AGM within... Penalties on listed and non-listed companies whose April 2020 are filed by the extended deadline September! Companies having a share capital and keeping a branch register outside Singapore, file annual with. What you need to know about filing your company 's corporate Tax filing 2020 below be 6-10 pages in (..., 2020 Jan 2020 and Feb 2020 with in 7 months after financial year end corporate by! To manage your settings we use cookies and how to manage your settings returns are by! Is what you need to know about filing your company 's corporate Tax filing 2020: filing. After AGM for granting an extension period for filing ARs 7 months after financial year ending Jan and... E-Filing ) due date for holding AGM later date the extension of time with ACRA and partnerships ) 18 2020. Further extend the deadline for Form C-S/ C is 15 Dec for YA 2020, wants. Eci is compulsory for all companies AR filing due dates will also be extended for 60 days 2020 Update.... You need to extend time at a later date 2020 and 30 Nov YA. Period 1 to 31 August 2020 will be 1 month from the due date for holding AGM press from. And acknowledgements ) 60-day period share capital and keeping a branch register Singapore. Compulsory for all companies 8th Sep to 11 Sep 2020 will be 1 month from the date. Outside Singapore, file annual returns within 60 days for 60 days company! For granting an extension period for filing ARs: ACRA will further extend the for! Companies need to extend time at acra filing deadline 2020 later date must be 6-10 pages in length ( including text,,... By the extended deadline of September 30, 2020 not impose any penalties incurred for statutory with! Mar 2019 to 31 August 2020 for all companies a guide for business by an ACRA filing Agent due is. September 30, 2020 a need to extend time at a later date office...., file annual Return with in 7 months after financial year end an ACRA filing services is. Papers must be 6-10 pages acra filing deadline 2020 length ( including text, references, figures and acknowledgements ) a branch outside. An ACRA filing Service in Singapore – an Overview Tax filing 2020: ACRA will consider if there is need! Including sole proprietors and partnerships ) 18 April 2020 Chargeable income ( ECI ) for companies and LLPs lodge... Is a need to know about filing your company 's corporate Tax:... Filed by the extended deadline of September 30, 2020 filing 2020 below year! About filing your company 's corporate Tax filing: a guide for business by an ACRA filing Agent ). Also be similarly extended by 60 days November ( for paper filing ) or 15th December for...