Singapore Accounting & Tax Filing Guide for Companies

Singapore’s tax system is simple, but companies still need to keep books, file taxes and complete annual compliance on time.

Bookkeeping & financial statements

Keep proper accounting records (generally for 5 years) and prepare annual financial statements.

Corporate income tax

• Headline rate 17%, with partial exemption and start-up exemption schemes for qualifying companies
• ECI generally within 3 months after financial year end (waiver may apply)
• Form C-S / C-S (Lite) / C by 30 November each year

GST

Registration is required when taxable turnover exceeds S$1 million (past or expected 12 months). The current GST rate is 9%.

Annual return

Hold the AGM (or pass written resolutions) and file the annual return with ACRA; some companies must file financial statements in XBRL.

WhatsApp +65 8618 5321 for a quote.

Please refer to the latest IRAS and ACRA announcements.