COMPLETE GUIDE TO SINGAPORE COMPANY ANNUAL COMPLIANCES

P U B L I S H E D B Y E C R A P T E L T DI N C O L L A B O R A T I O N W I T HW W W . C O M P A N Y S E C R E T A R Y . M E

4 TAX

RETURN

1 ECI

2 AGM

3 ANNUALRETURN

Within 3 Months from FYETo be Filed with IRAS

Can be convened in writingWithin 6 Months from FYE

Within 1 Month from AGMTo be Filed with ACRA

Before 30 Nov of next yearTo be Filed with IRAS

Annual Compliance Calendar

ECI- Estimated Chargeable Income | FYE- Financial Year End | AGM- Annual General Meeting | ACRA- Registrar of Companies | IRAS- Inland Revenue AuthorityFor more information visit www.ecra.sg

W h e n t o

FILEECI is to be filed with IRASwithin THREE months from Financial Year End (FYE)

E C I F i l i n gEXEMPTION

ECI filing is exempted if:1.Revenue < $1 million& 2. ECI is NIL (both conditions to be satisfied)

H o w t o

FILEECI is to be filed with IRAS

via E-Filing or paper filings.Contact us at www.ecra.sg

for professional help

E s t i m a t e d C h a r g e a b l e I n c o m e ( E C I )W h a t i s

E C IECI is estimate of company'staxable income (after deducting tax-allowable expenses)

Basic accounting needs to be completed in any accounting software

AGM (PHYSICAL)4 4

AGM (WRITTEN)4 4

DIRECTORS’ RESOLUTION3 3

FINANCIAL STATEMENTS2 2

BOOK KEEPING1 1

Compilation in Accordance with SFRS (Singapore Financial Reporting Standards)

Resolution in meetingor writing to approve financial statements

and call AGM

Shareholders sign AGMresolutions in writing at the

convenience of being any where in the world

Physical meeting ofshareholder is covened to discuss and pass the AGM

resolutions

STEPS IN CONVENING AGM OF SINGAPORE COMPANY For more details contact us at www.ecra.sg

Adoption ofFinancial Statements

Appoint--ment ofRetiringDirectors Reappointment of Auditors

& fix their remuneration

DeclareDividends(if any)

Visit www.ecra.sg for professional advice

MATTERS TO BE TAKEN UP AT SINGAPORE COMPANY AGM

Date of Incorporation+18 months

Financial Year End+6 months

Financial Year End+6 months

Date of Last AGM+15 months

31 Dec (if no Agm during year)Once Every Calendar Year

EARLIEST OF1 or 2 is AGM

Due Date

EARLIEST OF1,2or 3 is AGM

Due Date

AGM DUE DATE CALCULATIONFOR FIRST AGM AFTER INCORPORATION

FOR SECOND & ALL SUBSEQUENT AGM

Visit www.ecra.sg for more details or professional help

CONTENTS OF FINANCIAL STATEMENTSOF A SINGAPORE COMPANY

Contact us at WWW.ECRA.SG

Report of the Directors

Statement by Directors

Report of the Auditors(if accounts are audited)

Statement of Comprehensive

IncomeStatement of

Financial Position

Statement of Changes in Equity

Statement of Cash Flow

Notes to the Financial Statements

AUDIT EXEMPTION CRITERIA FOR SINGAPORE COMPANIES

(SMALL COMPANIES & SMALL GROUPS)

If not part ofa group

If partof a

group

Criteria:

Revenue ≤ $10mAssets ≤ $10mEmployees ≤ 50

Must Satify Any 2 out of

3 Criteriafor past 2 years

The Company itself Must be a Small Company(as per above)

Entire group must be a “small group”on Consolidated basis

Entire groupmust satify

Any 2 out of 3 Criteria

for past 2 years

(SMALL COMPANY)

(SMALL GROUP)

Contact us at www.ECRA.sg

DOR MA NT COMPA NY

ALLOWED TRANSACTION 2

ALLOWED TRANSACTION 3 ALLOWED TRANSACTION 4

ALLOWED TRANSACTION 5

ALLOWED TRANSACTION 1 ALLOWED TRANSACTION 6

EXEMPT FROM PREPARATION 0F FINANCIAL STATEMENTS

BUT STILL MUST CONVENE AGM

AND FILE ANNUAL RETURNS

IF THE COMPANY HAS ANY TRANSACTION OTHER THAN SIX ALLOWED TRANSACTIONS

THE COMPANY WILL NOT BE CONSIDERED DORMANT

Payment of ACRAFee, Fines or penalty

Appointment of Secretary

Appointment of Auditors

Maintenanceof Regd. Office

Keeping ofregisters

and books

Subscriber Taking his Shares

Contact us at www.ECRA.sg

Complete the Financial Statements Conevene the AGM

Verify the Company and its officers particulars in ACRArecords

Provide AGMand financialyear end detailsSubmit XBRL if your

Company is not anExempt Private Company(EPC)

Complete the declarationand make payment for filing fee (and late filingpenalties, if any)

Contact us at www.ECRA.sg

WITHIN 30 days of AGM

ANNUAL RETURN FILING

Financial Year End

30 Nov of Next Year

TAX FILING WAIVER

FILE FORM- CS

FILE FORM- C

If company qualifies for filing of simplied tax returns (Form-CS), you have option

of filing either Form C or Form CS. Not mandatory to attach complete set of

Financial Statements with Form CS filing

Fot all other companies, please file form C. Finacial

statements are requiredto be attached with Form C

If company is dormantand you wish to keep it so, you may file waiver to filetax returns. No future TAX

filing will be needed, unlessCompany becomes active

TAX RETURN FILING FOR SINGAPORE COMPANIES

Contact us at www.ECRA.sg

CONSEQUENCES OF NON FILING OF ANNUAL RETURN FOR SINGAPORE COMPANIES

TimelyFiling

DefaultPeriod

CourtSummon

ArrestWarrant

Penalty $600 Minimum $300

UP TO

$1200 Minimum $600

UP TO

$1800 Minimum $900

UP TO

Contact us at www.ECRA.sg

NO

E M A I L U S A T I N F O @ E C R A . S G

F O R A L L Y O U R S I N G A P O R EC O M P A N Y C O M P L I A N C E N E E D S