<> 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. Any penalties incurred for statutory filings with due dates between 8th Sep to 11 Sep 2020 will be waived. 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. 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. Income Tax for Individuals (including sole proprietors and partnerships) 18 April 2020. Here is what you need to know about filing your company's corporate tax. 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. There is no change to the current penalty framework for … 1. 60 days. 3 0 obj Section 197 : Company required to file Annual Return with in 7 months after financial year end. 16 September 2020. %PDF-1.7 stream 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. 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. 31 May 2020. 3. The AR filing due dates for the period 1. This is in addition to the existing requirements for these entities to maintain an RORC at the registered office address. 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 … 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). *** ACRA will further extend the deadline for companies and LLPs to lodge RORC information by one month to 31st March 2021. n8�+˅Jt͙���D�ԌW��L�ϳ3�>{����y&D�\ЕW���Ko�]��/�wH�=0���#�xuŴJ83P��:>�3��gd�!$EV�@=��eV���T�FF�o~ʸ ����p?�E�>�Ȕ8P���+�D��ϛg�7�s���(��+��€Scx���#���y��� /�3ވ�B��l$ 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).. 3. 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. A1 Accounting Pte Ltd is a registered filing agent with the Accounting and Corporate Regulatory Authority (ACRA). For the 2020 Tax year, the deadline to furnish ACA Forms to the employees is extended to March 02, 2021. Their AR filing due dates will also be extended for 60 days. Office workers in the financial district on April 6, 2020 in Singapore, a day before a 'circuit breaker' takes effect. 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. PD 6/2020 7 April 2020 (Revised 15 April 2020) 7. 15th September 2020 Update: ... the deadline for AR filing will also be similarly extended by 60 days. There is no need for these companies to apply for the extension of time with ACRA. Deadlines Extension for AGMs and ARs During COVID-19. 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. 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. Their AR filing due dates will also be extended for 60 days. You may view the official press release from ACRA. 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. For listed and non-listed companies whose AGMs are due during the period 1 to 15 April 2020 There is no need for these companies to apply for the extension of time with 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. Contact us for more details on ACRA filing services. File annual returns within 30 days after the annual general meeting. 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. AGMs due date is beyond July 2020: ACRA will consider if there is a need to extend time at a later date. From YA 2020, e-Filing of the ECI is compulsory for all companies. 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. ���(�:�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. ?�؋�er�����V5�^���K���叧'ϡ��OO~��@�� The annual filing deadline for Form C-S/ C is 15 Dec for YA 2020 and 30 Nov from YA 2021 onwards. 1 0 obj The AR filing due dates falling from 1 May to 31 August 2020 will be expanded for 60-day period. 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. 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. <> Find out why we use cookies and how to manage your settings. Any Urgent assistance, users can contact ACRA … Annual General Meeting 8. 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. 3. Submission of full papers by: 15th September 2020 (DEADLINE EXTENDED) We provide accounting and corporate secretarial services to local and overseas clients. 2 0 obj Their AR filing due dates will also be extended for 60 days. AGMs due date is beyond July 2020: ACRA will consider if there is a need to extend time at a later date. Contact us for more details on ACRA filing services. Important Dates. 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. On July 13, 2020, the IRS released the final instructions of the Form 1095-C to be used for reporting in the 2020 tax year. ACRA New Filing Deadline April 13th, 2020. Income Tax for Trusts, Clubs and Associations. endobj 30 June 2020. Penalties and interest will not be charged if payments are made and returns are filed by the extended deadline of September 30, 2020. Corporate Tax Filing: A guide for business by an ACRA Filing Agent. Extended Filing Deadline New. Companies need to file their corporate taxes by 30th November (for paper filing) or 15th December (for e-filing). 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. Find out more about Corporate Tax Filing 2020 below. 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 … There is no need for these companies to apply for the extension of time. May 2020 to 31 August 2020 for all listed and non-listed companies will also be extended for. 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 will also not impose any penalties on listed and non-listed companies whose. IRAS – Extension of Deadline to file Tax 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 … Extension of Compliance Filing Deadline For Singapore Companies. Step 4: Before 31 October 2020, Tetra Consultants will proceed with the filing of the Annual return with ACRA and Tax filling with IRAS. 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. +65 8366 3660 ask@ebos-sg.com 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. 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. For example, for local companies and VCC, under the current framework (before 30 Apr 2021), the maximum penalty imposed would only be $300. (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. COVID-19: Payment deadline extension. 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. 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. Section 175 : Company required to hold Annual General Meeting (AGM) within 6 months after financial year end . 4 0 obj Deadline Extensions for Annual Returns and AGM’s in Singapore – An Overview . ACRA Filing Service in Singapore by EBOS - File your ACRA annual returns timely and hassle-free. This extension of time applies to all companies which AGMs are otherwise due to be held between 16 April 2020 and 31 July 2020 and which Annual Returns are due to be filed … To help companies with their cash flow, a Corporate Income Tax Rebate of 25 per cent of tax payable, capped at $15,000, will be granted for YA 2020. p�xD�������3���?\f�J|_�:g:d�7��/ʏ2gt��KV�p��C����@��G��}�ȸ2��zBX��g�K���+��H6\}���/7�_ƆOD��3xri�>��Q�~Q����s�� G�?�������:��N�:���.�O�S�����-]v���^Hw���Vh��E�4�Vq�G�xg�]�fǦ��˗�x�ۯ3^�KT���#�]�ۯ�!��hI�_3�-�X������ٮp3~�cN�~�@��A]����Ĕ��z��p$]���Z����؊EQ�:��? Original Filing Deadline. WHAT IS THE CHANGES ? +65 8366 3660 ask@ebos-sg.com Their AR filing due dates will also be extended for 60 days. ACRA Filing Service in Singapore by EBOS - File your ACRA annual returns timely and hassle-free. 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. ACRA will also not impose any penalties on listed and non-listed companies whose AGMs are due during the period 1 April to 15 April 2020 if they hold the AGM within 60 days of the due date. <> Their AR filing due dates will also be extended for 60 days. 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. 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. PHOTO from ED#94 2020 Nov/Dec Pg 42 ACRA papers must be 6-10 pages in length (including text, references, figures and acknowledgements). Posted on 19 November 2020 Corporate Tax Filing 2020: The filing deadline for Form C-S/ C is 15 Dec 2020. There is no change to the current penalty framework for … In addition, note that the annual return can be filed only: After an Annual General Meeting (AGM) has been held 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. For companies having a share capital and keeping a branch register outside Singapore, file annual returns within 60 days after AGM. 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. On 1 Dec 2020, company wants to change its FYE from 31 Mar 2019 to 31 Dec 2020. Therefore, no company needs to individually apply to ACRA for granting an extension period for filing ARs. On 14 September 2020, ACRA further advised that the RORC BizFile+ Form would continue to be suspended and advance notice would be given when the lodging of RORC information resumes and a revised deadline is set. In other words, the deadline for Annual Returns filing will be 1 month from the due date for holding AGM. Extension of Filing ARs Deadline. 2. 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. endobj 15 April 2020. 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. Estimated Chargeable Income (ECI) for companies with Financial Year ending Jan 2020 and Feb 2020. 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. Exemption for private companies from holding AGMs subject to specified safeguards endobj 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. New Deadlines for Both Listed and Non-Listed Companies. TYPE OF DEADLINE . 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. �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��; <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S>> 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 papers must be 6-10 pages in length (including text, references, figures and acknowledgements). 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. Requirement to file RORC information 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. On 15 September 2020, the Accounting and Corporate Regulatory Authority (“ACRA”) issued an announcement stating the following: ACRA also advised that BizFile+ users who need to file select time-sensitive and critical transactions can contact the ACRA helpdesk at 6248 6028 for assistance. The AR filing due dates falling from 1 May to 31 August 2020 will be expanded for 60-day period. 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