[et_pb_section fb_built=”1″ _builder_version=”4.21.0″ _module_preset=”default” background_image=”https:\/\/blutrust.com\/wp-content\/uploads\/2023\/07\/banking-bg.jpg” custom_padding=”52px||52px||true|false” custom_css_main_element=”animation-name: bounce-background;||animation-timing-function: ease-in-out;||animation-duration: 15s;||animation-iteration-count: infinite;||||\/* For Chrome & Safari *\/||||-webkit-animation-name: bounce-background;||-webkit-animation-timing-function:ease-in-out;||-webkit-animation-duration: 15s;||-webkit-animation-iteration-count:infinite;” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” header_font=”Questrial|700|||||||” header_text_color=”#FFFFFF” header_font_size=”65px” header_letter_spacing=”-1.5px” header_line_height=”1.2em” header_2_font=”Questrial|700|||||||” header_2_text_color=”#FFFFFF” header_2_font_size=”65px” header_2_letter_spacing=”-1.5px” header_2_line_height=”1.2em” custom_margin=”-14px||||false|false” custom_margin_tablet=”||||false|false” custom_margin_phone=”||15px||false|false” custom_margin_last_edited=”on|phone” header_font_size_tablet=”60px” header_font_size_phone=”35px” header_font_size_last_edited=”on|desktop” header_letter_spacing_tablet=”-1px” header_letter_spacing_phone=”-0.5px” header_letter_spacing_last_edited=”on|tablet” header_2_font_size_tablet=”60px” header_2_font_size_phone=”35px” header_2_font_size_last_edited=”on|desktop” header_2_letter_spacing_tablet=”-1px” header_2_letter_spacing_phone=”-0.5px” header_2_letter_spacing_last_edited=”on|tablet” locked=”off” global_colors_info=”{}”]<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ disabled_on=”off|off|off” _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”||0px|||” global_colors_info=”{}”][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.22.1″ _module_preset=”default” text_font_size=”18px” header_2_font=”|700|||||||” header_3_font=”|700|||||||” header_4_font=”|700|||||||” text_font_size_tablet=”18px” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” global_colors_info=”{}”]In Singapore, businesses must generally comply with regulations from two main bodies:<\/p>\n
1. IRAS (Inland Revenue Authority of Singapore): Oversees tax matters
\n2. ACRA (Accounting and Corporate Regulatory Authority): Manages the registration and regulation of businesses and public accountants<\/p>\n
Here are some key dates for companies registered under ACRA:[\/et_pb_text][et_pb_text _builder_version=”4.22.1″ _module_preset=”default” text_font_size=”18px” header_2_font=”|700|||||||” header_3_font=”|700|||||||” header_4_font=”|700|||||||” text_font_size_tablet=”18px” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n\n
| Description<\/th> | Deadline<\/th> | Staff Completion Deadline<\/th> | Penalty for Non-Compliance<\/th>\n<\/tr>\n<\/thead>\n | ||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Annual Return Filing<\/td> | Within 30 days<\/td> | 7 days before deadline<\/td> | $300 fine<\/td>\n<\/tr>\n | ||||||||||||||||||||||||||||||||
| GST Quarterly Return<\/td> | End of Quarter<\/td> | 7 days before deadline<\/td> | 5% of the amount due<\/td>\n<\/tr>\n | ||||||||||||||||||||||||||||||||
| Personal Income Tax (YA 2023)<\/td> | 15 April 2023<\/td> | 8 April 2023<\/td> | 5% of the tax unpaid<\/td>\n<\/tr>\n | ||||||||||||||||||||||||||||||||
| Corporate Tax Filing (YA 2023)<\/td> | 30 Nov 2023<\/td> | 23 Nov 2023<\/td> | 5% of the tax unpaid<\/td>\n<\/tr>\n | ||||||||||||||||||||||||||||||||
| AGM (for companies with FYE 31 Dec)<\/td> | Within 6 months from the financial year end<\/td> | 15 days before deadline<\/td> | $300 fine, up to $5,000<\/td>\n<\/tr>\n | ||||||||||||||||||||||||||||||||
| ECI (for companies under GIRO)<\/td> | 1st month: 10-month installments 2nd month: 8-month installments 3rd month: 6-month installments<\/td> | 15 days before deadline<\/td> | 5% of the estimated tax unpaid<\/td>\n<\/tr>\n | ||||||||||||||||||||||||||||||||
| Preparation of Financial Statement (FYE 31 Dec)<\/td> | Within 6 months from the financial year end<\/td> | 15 days before deadline<\/td> | (Penalty if applicable)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n [\/et_pb_text][et_pb_text _builder_version=”4.22.1″ _module_preset=”default” text_font_size=”18px” header_2_font=”|700|||||||” header_3_font=”|700|||||||” header_4_font=”|700|||||||” text_font_size_tablet=”18px” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”] For Sole Proprietors & Partnerships<\/H3><\/p>\n1. Form B\/B1: Income tax returns are due by April 15th (paper filing) or April 18th (e-filing).<\/span><\/p>\n 2. Form P: For partnerships, must be submitted by April 15th (paper filing) or April 18th (e-filing).<\/span>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Key DatesIn Singapore, businesses must generally comply with regulations from two main bodies: 1. IRAS (Inland Revenue Authority of Singapore): Oversees tax matters 2. ACRA (Accounting and Corporate Regulatory Authority): Manages the registration and regulation of businesses and public accountants Here are some key dates for companies registered under ACRA:\n This is an example page. It's different from a blog post because it will stay in one place and will show up in your site navigation (in most themes). Most people start with an About page that introduces them to potential site visitors. It might say something like this:<\/p>\r\n\r\n\r\n\r\n Hi there! I'm a bike messenger by day, aspiring actor by night, and this is my website. I live in Los Angeles, have a great dog named Jack, and I like pi\u00f1a coladas. (And gettin' caught in the rain.)<\/p><\/blockquote>\r\n\r\n\r\n\r\n ...or something like this:<\/p>\r\n\r\n\r\n\r\n The XYZ Doohickey Company was founded in 1971, and has been providing quality doohickeys to the public ever since. Located in Gotham City, XYZ employs over 2,000 people and does all kinds of awesome things for the Gotham community.<\/p><\/blockquote>\r\n\r\n\r\n\r\n |