All Singapore private limited companies have to comply with annual filing and reporting requirements of the Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS).
Within 3 months from the financial year end, a company has to file its Estimated Chargeable Income (ECI) for the Year of Assessment to IRAS. A private company must also submit its Income Tax Return (Form C/C-S) together with supporting documents (i.e. financial statements, tax computation) before 15 Dec for e-filing.
Our accounting and tax-filing services provide flexibility for companies with varied sizes and multiple business purposes. We not only have your company stay fully compliant with filing obligations, but also provide you with a clear picture of your company‘s financial position on an accurate and timely basis.
Accounting & tax filing services
Yearly revenue in USD
Total yearly estimated cos foraccounting:
** The above fee is in USD and may vary depending on the complexity of your transaction
What included in Accounting package:
- Monthly accounting review
- Xero cloud accounting
- Monthly preparation of FSs
Annual tax filing:
- ECI preparation and filing
- Filing Form C/C-S
In case you want to reserve your company for later needs, we can help to minimize annual maintenance costs with Dormant Company Package.
Dormant Company Package
With all fees included:
- Full company secretary services
- All government renewal fees
- Fulfill annual filing and reporting obligations
Additional supporting services
|Liaising with Auditor|
Cooperate in providing documents and assist in handling queries from auditors.
|Full XBRL preparation|
Convert full set of financial statements in XBRL format.
|XBRL highlight preparation|
Convert financial statements highlights in XBRL format.
Apply for GST registration when company’s annual turnover exceeds S$1 mil.
Frequently Asked Questions
- Minimum one director and one shareholder.
- Local resident director(s).
- A local registered address in Singapore.
Generally, no restrictions except for financial services, education, media-related or other politically sensitive businesses.
In Singapore, it is mandatory for a company to file annual returns with Accounting and the Corporate Regulatory Authority (ACRA), and annual tax returns with the Inland Revenue Authority of Singapore (IRAS).
It's totally possible for a foreigner to opt for company registration in Singapore. According to Singapore Companies Act, 100% ownership of a Singapore company is permitted, either for a local person or a foreigner.
A Singapore company is basically taxed for its profits, regardless of the sources. For the first three years, the company is levied from 0% to 17% depending on its incomes. After that, the tax rates are 8.5% and 17%, respectively for the first 300,000 SGD and the remainder.