Tax and Compliance

Streamline Your Corporate Tax and Annual Compliance with Us

Managing corporate tax obligations can be intricate, leading many businesses to seek professional assistance from Converge Singapore for accurate and timely Corporate Tax Service Singapore filings. Whether you are a start-up, dormant entity, or an active company, we support you in meeting compliance requirements, minimizing risks, and navigating tax challenges efficiently.

Our skilled corporate tax specialists at Converge Singapore provide comprehensive solutions to help you fulfill tax obligations, optimize tax benefits, and proactively manage tax risks, while also offering integrated support through Audit Service Singapore, Corporate Secretarial Service Singapore, Payroll Service Singapore, and Company Incorporation Service Singapore for complete corporate compliance and business growth.

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Our Corporate Tax Services

Expert tax solutions to ensure compliance and optimize liabilities.

Corporate Tax Filing

Corporate Tax Filing

Prepare and file accurate corporate income tax returns and computations in compliance with IRAS requirements.

Estimated Chargeable Income (ECI) Filing

Estimated Chargeable Income (ECI) Filing

Assist with the preparation and timely submission of ECI to meet statutory tax obligations.

Employee Tax Reporting

Employee Tax Reporting

Handle Form IR8A for annual employee income reporting and Form IR21 for employee tax clearance.

Withholding Tax Compliance

Withholding Tax Compliance

Support the accurate deduction and filing of withholding tax as per Singapore tax regulations.

IRAS Query Support

IRAS Query Support

Provide professional assistance in responding to IRAS queries to ensure smooth resolution and compliance.

Annual Compliance Requirements for Singapore Companies

All Singapore companies are required to meet mandatory annual compliance obligations outlined in the Companies Act to ensure legal adherence. Converge Singapore helps streamline these requirements through our Corporate Secretarial Service Singapore, focusing on essential obligations for private companies. Since each business is unique, additional obligations may arise based on its activities, which are efficiently managed by Converge Singapore as your trusted partner, alongside integrated support in Audit Service Singapore, Corporate Tax Service Singapore, Payroll Service Singapore, and Company Incorporation Service Singapore.

 

Compliance with Two Key Government Bodies

Singapore companies must comply with the requirements of two main regulatory authorities:

ACRA Compliance

ACRA's requirements mainly focus on corporate administrative matters. They are typically managed by company secretary.

Ongoing mandatory compliance:

  • Appointment of Company Secretary
  • Filing of Annual Returns
  • Filing of AGM (annual general meeting), if applicable
  • Filing of audited financial statements, if applicable

IRAS Compliance

IRAS compliance focuses on tax obligations, which are typically managed by accountants or tax agents.

Ongoing mandatory compliance:

  • Filing of Estimated Chargeable Income (ECI)
  • Submission of tax returns (Form C/Form C-S)

Four Key Compliance Events for Companies

Timeline of Annual Filings

*Illustration of the timelines applicable to a Private Company

For New Business Owners:
First-Year Compliance and onwards

Timeline of Annual Compliance

While there are no filling required during the first financial year, compliance obligations commence right after the end of that year. Below is an example of a compliance timeline for Company A incorporated on January 1, 20x1, with a financial year ending on December 31, 20x1.

Compliance

Due Date

Example for Company A

[Tax] Estimated Chargeable Income (ECI)

Within 3 months from FYE

30th March 20x2

[ACRA] Financial Statements Preparation

Within 5 months from FYE

30th May 20x2

[ACRA] Annual General Meeting (AGM)

Within 6 months from FYE

30th June 20x2

[ACRA] Annual Returns Filing

Within 7 months from FYE

30th July 20x2

[Tax] Income Tax Form C-S / C

30th November (YA period)

30th November 20x2

Note: Your appointed company secretary will assist with these processes and remind you of datelines.

Business Services Professionals

Meet our dedicated team at Converge Singapore, providing Singapore’s leading Audit Service Singapore, Payroll Service Singapore, and Company Incorporation Service Singapore. We are committed to supporting your business growth with comprehensive solutions, including Corporate Tax Service Singapore and Corporate Secretarial Service Singapore, making Converge Singapore your trusted partner for complete corporate support.

 
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22 Sin Ming Lane #06-76,
Midview City Singapore 573969