The Accounting and Corporate Regulatory Authority (ACRA) is the national regulator of business entities, public accountants and corporate service providers in Singapore. 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. Deadline Extensions for Annual Returns and AGM’s in Singapore – An Overview . stream 15th September 2020 Update: ... the deadline for AR filing will also be similarly extended by 60 days. 3. 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. 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. ACRA New Filing Deadline April 13th, 2020. Their AR filing due dates will also be extended for 60 days. 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. Deadlines Extension for AGMs and ARs During COVID-19. Contact us for more details on ACRA filing services. Exemption for private companies from holding AGMs subject to specified safeguards 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. Find out more about Corporate Tax Filing 2020 below. 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. 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. Corporate Tax Filing: A guide for business by an ACRA Filing Agent. 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. 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 … 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. 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. 3. 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. 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. This is in addition to the existing requirements for these entities to maintain an RORC at the registered office address. Companies need to file their corporate taxes by 30th November (for paper filing) or 15th December (for e-filing). Extension of Filing ARs Deadline. <> ACRA will also not impose any penalties on listed and non-listed companies whose. WHAT IS THE CHANGES ? 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. You may view the official press release from ACRA. 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. On 1 Dec 2020, company wants to change its FYE from 31 Mar 2019 to 31 Dec 2020. File annual returns within 30 days after the annual general meeting. +65 8366 3660 ask@ebos-sg.com (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. For companies having a share capital and keeping a branch register outside Singapore, file annual returns within 60 days after AGM. 1. AGMs due date is beyond July 2020: ACRA will consider if there is a need to extend time at a later date. 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. 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).. 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. The AR filing due dates falling from 1 May to 31 August 2020 will be expanded for 60-day period. ACRA Filing Service in Singapore by EBOS - File your ACRA annual returns timely and hassle-free. *** ACRA will further extend the deadline for companies and LLPs to lodge RORC information by one month to 31st March 2021. �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��; 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. Section 175 : Company required to hold Annual General Meeting (AGM) within 6 months after financial year end . Office workers in the financial district on April 6, 2020 in Singapore, a day before a 'circuit breaker' takes effect. endobj ACRA Filing Service in Singapore by EBOS - File your ACRA annual returns timely and hassle-free. 1 0 obj 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. 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 … 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. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S>> Original Filing Deadline. 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. AGMs due date is beyond July 2020: ACRA will consider if there is a need to extend time at a later date. 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. Step 4: Before 31 October 2020, Tetra Consultants will proceed with the filing of the Annual return with ACRA and Tax filling with IRAS. Estimated Chargeable Income (ECI) for companies with Financial Year ending Jan 2020 and Feb 2020. To help companies with their cash flow, a Corporate Income Tax Rebate of 25 per cent of tax payable, capped at $15,000, will be granted for YA 2020. Here is what you need to know about filing your company's corporate tax. 60 days. %���� Income Tax for Trusts, Clubs and Associations. In other words, the deadline for Annual Returns filing will be 1 month from the due date for holding AGM. Annual General Meeting 8. 30 June 2020. Income Tax for Individuals (including sole proprietors and partnerships) 18 April 2020. There is no change to the current penalty framework for … p�xD�������3���?\f�J|_�:g:d�7��/ʏ2gt��KV�p��C����@��G��}�ȸ2��zBX��g�K���+��H6\}���/7�_ƆOD��3xri�>��Q�~Q����s�� G�?�������:��N�:���.�O�S�����-]v���^Hw���Vh��E�4�Vq�G�xg�]�fǦ��˗�x�ۯ3^�KT���#�]�ۯ�!��hI�_3�-�X������ٮp3~�cN�~�@��A]����Ĕ��z��p$]���Z����؊EQ�:��? 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. From YA 2020, e-Filing of the ECI is compulsory for all companies. The AR filing due dates falling from 1 May to 31 August 2020 will be expanded for 60-day period. 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. endobj Contact us for more details on ACRA filing services. 3 0 obj 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 … New Deadlines for Both Listed and Non-Listed Companies. There is no change to the current penalty framework for … TYPE OF DEADLINE . PD 6/2020 7 April 2020 (Revised 15 April 2020) 7. 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 … 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 listed and non-listed companies whose AGMs are due during the period 1 to 15 April 2020 <> We provide accounting and corporate secretarial services to local and overseas clients. Important Dates. 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. 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. Extended Filing Deadline New. There is no need for these companies to apply for the extension of time with ACRA. Requirement to file RORC information with ACRA. ACRA papers must be 6-10 pages in length (including text, references, figures and acknowledgements). For the 2020 Tax year, the deadline to furnish ACA Forms to the employees is extended to March 02, 2021. The annual filing deadline for Form C-S/ C is 15 Dec for YA 2020 and 30 Nov from YA 2021 onwards. There is no need for these companies to apply for the extension of time. Posted on 19 November 2020 Corporate Tax Filing 2020: The filing deadline for Form C-S/ C is 15 Dec 2020. Any Urgent assistance, users can contact ACRA … endobj Their AR filing due dates will also be extended for 60 days. 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. 31 May 2020. 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. May 2020 to 31 August 2020 for all listed and non-listed companies will also be extended for. 3. 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. Their AR filing due dates will also be extended for 60 days. IRAS – Extension of Deadline to file Tax A1 Accounting Pte Ltd is a registered filing agent with the Accounting and Corporate Regulatory Authority (ACRA). 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. 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 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. Penalties and interest will not be charged if payments are made and returns are filed by the extended deadline of September 30, 2020. 15 April 2020. ?�؋�er�����V5�^���K���叧'ϡ��OO~��@�� ACRA papers must be 6-10 pages in length (including text, references, figures and acknowledgements). 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 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. <> 16 September 2020. Their AR filing due dates will also be extended for 60 days. Find out why we use cookies and how to manage your settings. 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. Submission of full papers by: 15th September 2020 (DEADLINE EXTENDED) Any penalties incurred for statutory filings with due dates between 8th Sep to 11 Sep 2020 will be waived. PHOTO from ED#94 2020 Nov/Dec Pg 42 ���(�:�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. 4 0 obj For example, for local companies and VCC, under the current framework (before 30 Apr 2021), the maximum penalty imposed would only be $300. 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. From 30 Apr 2021 onwards, late filing penalty would be at least $300, and may be $600 if the filing is late for more than 3 months from the due date. All other ad hoc statutory filings such as change in company information and personal particulars of company officers with due dates from 8 September 2020 onwards will have up to 30 November 2020 to file, with no late filing penalties imposed. +65 8366 3660 ask@ebos-sg.com The AR filing due dates for the period 1. Extension of Compliance Filing Deadline For Singapore Companies. In addition, note that the annual return can be filed only: After an Annual General Meeting (AGM) has been held On 15 September 2020, the Accounting and Corporate Regulatory Authority (“ACRA”) issued an announcement stating the following: Business entities that have annual statutory filings such as Annual Returns with due dates from 8 September 2020 to 31 October 2020 will have up to 30 November 2020 to file, with no late filing penalties imposed. Their AR filing due dates will also be extended for 60 days. 2 0 obj n8�+˅Jt͙���D�ԌW��L�ϳ3�>{����y&D�\ЕW���Ko�]��/�wH�=0���#�xuŴJ83P��:>�3��gd�!$EV�@=��eV���T�FF�o~ʸ ����p?�E�>�Ȕ8P���+�D��ϛg�7�s���(��+��Scx���#���y��� /�3ވ�B��l$ %PDF-1.7 Therefore, no company needs to individually apply to ACRA for granting an extension period for filing ARs. Section 197 : Company required to file Annual Return with in 7 months after financial year end. COVID-19: Payment deadline extension. 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. 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. 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