BizGuide @PremiaTNC BizGuide @PremiaTNC Company Name *Incorporate Date *Types of Company *-Select-Singapore CompanySingapore BranchBusiness Nature *-Select-Trading (Import and Export - Singapore)Trading (Import and Export - Outside Singapore)Trading (Non-Import and Export)Investment (Trading)Investment (Holding)E-commerceConsultancySoftware Development (including Gaming and Digital Token)Financial ServicesConstructionManufacturingFund ManagementShippingOthersOther Business Nature *Financial YearMonth *MonthJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberYear *Year204020392038203720362035203420332032203120302029202820272026202520242023202220212020201920182017201620152014201320122011201020092008200720062005200420032002200120001999199819971996199519941993199219911990Foreign Staff *-Select-YesNoLocal Staff *-Select-YesNoCorpPass Registration Required.Corppass is the authorisation system for entities to manage digital service access of employees who need to perform corporate transactions. Managed by Government Technology Agency (GovTech), Corppass enables businesses and other entities (such as non-profit organisations and associations) to transact with Government agencies and participating private sector services digitally in a secure manner.Filing Due DateAll Singapore Branch is required to file the following with the ACRA within 60 days after the Annual General Meeting (AGM) of the Head Office: Head office's financial accounts for the financial year concerned (If the financial statements are not presented in English, they must be translated to English in its entirety. Both the financial statements in the original language and in English language are to be filed as part of the annual filing). The audited financial accounts of the Singapore branch If the Head Office is not required by the law of the place of its incorporation or origin to hold an AGM and prepare financial accounts, it must still prepare and file audited financial accounts within 5 months (if listed) or 7 months (if not listed) from its last financial year end (FYE).Financial Year End 31 JANDo note that for all SG companies, it is mandatory to comply with the filing requirements and compliances for the preparation of financial report, conducting of AGM, filing of Annual Return and tax return submission. Kindly find the compliance filing due date below: Due date to submit Estimated Chargeable Income ("ECI") by 30th April - within 3 months after the financial year end Due date to prepare the Financial Report by 31st July - within 6 months after the financial year end Due date to conduct an AGM by 31st July - within 6 months after the financial year end Due date to file the Annual Return by 31st August - within 7 months after the financial year end Due date to submit the Tax Return by 30th November on every subsequent year assessment Financial Year End 28 FEBDo note that for all SG companies, it is mandatory to comply with the filing requirements and compliances for the preparation of financial report, conducting of AGM, filing of Annual Return and tax return submission. Kindly find the compliance filing due date below: Due date to submit Estimated Chargeable Income ("ECI") by 31st May - within 3 months after the financial year end Due date to prepare the Financial Report by 31st August - within 6 months after the financial year end Due date to conduct an AGM by 31st August - within 6 months after the financial year end Due date to file the Annual Return by 30th September - within 7 months after the financial year end Due date to submit the Tax Return by 30th November on every subsequent year assessment Financial Year End 31 MARDo note that for all SG companies, it is mandatory to comply with the filing requirements and compliances for the preparation of financial report, conducting of AGM, filing of Annual Return and tax return submission. Kindly find the compliance filing due date below: Due date to submit Estimated Chargeable Income ("ECI") by 30th June - within 3 months after the financial year end Due date to prepare the Financial Report by 30th September - within 6 months after the financial year end Due date to conduct an AGM by 30th September - within 6 months after the financial year end Due date to file the Annual Return by 31st October - within 7 months after the financial year end Due date to submit the Tax Return by 30th November on every subsequent year assessment Financial Year End 30 APRDo note that for all SG companies, it is mandatory to comply with the filing requirements and compliances for the preparation of financial report, conducting of AGM, filing of Annual Return and tax return submission. Kindly find the compliance filing due date below: Due date to submit Estimated Chargeable Income ("ECI") by 31st July - within 3 months after the financial year end Due date to prepare the Financial Report by 31st October - within 6 months after the financial year end Due date to conduct an AGM by 31st October - within 6 months after the financial year end Due date to file the Annual Return by 30th November - within 7 months after the financial year end Due date to submit the Tax Return by 30th November on every subsequent year assessment Financial Year End 31 MAYDo note that for all SG companies, it is mandatory to comply with the filing requirements and compliances for the preparation of financial report, conducting of AGM, filing of Annual Return and tax return submission. Kindly find the compliance filing due date below: Due date to submit Estimated Chargeable Income ("ECI") by 31st August - within 3 months after the financial year end Due date to prepare the Financial Report by 30th November - within 6 months after the financial year end Due date to conduct an AGM by 30th November - within 6 months after the financial year end Due date to file the Annual Return by 31st December - within 7 months after the financial year end Due date to submit the Tax Return by 30th November on every subsequent year assessment Financial Year End 30 JUNEDo note that for all SG companies, it is mandatory to comply with the filing requirements and compliances for the preparation of financial report, conducting of AGM, filing of Annual Return and tax return submission. Kindly find the compliance filing due date below: Due date to submit Estimated Chargeable Income ("ECI") by 30th September - within 3 months after the financial year end Due date to prepare the Financial Report by 31st December - within 6 months after the financial year end Due date to conduct an AGM by 31st December - within 6 months after the financial year end Due date to file the Annual Return by 31st January - within 7 months after the financial year end Due date to submit the Tax Return by 30th November on every subsequent year assessment Financial Year End 31 JULYDo note that for all SG companies, it is mandatory to comply with the filing requirements and compliances for the preparation of financial report, conducting of AGM, filing of Annual Return and tax return submission. Kindly find the compliance filing due date below: Due date to submit Estimated Chargeable Income ("ECI") by 31st October - within 3 months after the financial year end Due date to prepare the Financial Report by 31st January - within 6 months after the financial year end Due date to conduct an AGM by 31st January - within 6 months after the financial year end Due date to file the Annual Return by 28th February - within 7 months after the financial year end Due date to submit the Tax Return by 30th November on every subsequent year assessment Financial Year End 31 AUGDo note that for all SG companies, it is mandatory to comply with the filing requirements and compliances for the preparation of financial report, conducting of AGM, filing of Annual Return and tax return submission. Kindly find the compliance filing due date below: Due date to submit Estimated Chargeable Income ("ECI") by 30th November - within 3 months after the financial year end Due date to prepare the Financial Report by 28th February - within 6 months after the financial year end Due date to conduct an AGM by 28th February - within 6 months after the financial year end Due date to file the Annual Return by 31st March - within 7 months after the financial year end Due date to submit the Tax Return by 30th November on every subsequent year assessment Financial Year End 30 SEPTDo note that for all SG companies, it is mandatory to comply with the filing requirements and compliances for the preparation of financial report, conducting of AGM, filing of Annual Return and tax return submission. Kindly find the compliance filing due date below: Due date to submit Estimated Chargeable Income ("ECI") by 31st December - within 3 months after the financial year end Due date to prepare the Financial Report by 31st March - within 6 months after the financial year end Due date to conduct an AGM by 31st March - within 6 months after the financial year end Due date to file the Annual Return by 30th April - within 7 months after the financial year end Due date to submit the Tax Return by 30th November on every subsequent year assessment Financial Year End 31 OCTDo note that for all SG companies, it is mandatory to comply with the filing requirements and compliances for the preparation of financial report, conducting of AGM, filing of Annual Return and tax return submission. Kindly find the compliance filing due date below: Due date to submit Estimated Chargeable Income ("ECI") by 31st January - within 3 months after the financial year end Due date to prepare the Financial Report by 30th April - within 6 months after the financial year end Due date to conduct an AGM by 30th April - within 6 months after the financial year end Due date to file the Annual Return by 31st May - within 7 months after the financial year end Due date to submit the Tax Return by 30th November on every subsequent year assessment Financial Year End 30 NOVDo note that for all SG companies, it is mandatory to comply with the filing requirements and compliances for the preparation of financial report, conducting of AGM, filing of Annual Return and tax return submission. Kindly find the compliance filing due date below: Due date to submit Estimated Chargeable Income ("ECI") by 28th February - within 3 months after the financial year end Due date to prepare the Financial Report by 31st May - within 6 months after the financial year end Due date to conduct an AGM by 31st May - within 6 months after the financial year end Due date to file the Annual Return by 30th June - within 7 months after the financial year end Due date to submit the Tax Return by 30th November on every subsequent year assessment Financial Year End 31 DECDo note that for all SG companies, it is mandatory to comply with the filing requirements and compliances for the preparation of financial report, conducting of AGM, filing of Annual Return and tax return submission. Kindly find the compliance filing due date below: Due date to submit Estimated Chargeable Income ("ECI") by 31st March - within 3 months after the financial year end Due date to prepare the Financial Report by 30th June - within 6 months after the financial year end Due date to conduct an AGM by 30th June - within 6 months after the financial year end Due date to file the Annual Return by 31st July - within 7 months after the financial year end Due date to submit the Tax Return by 30th November on every subsequent year assessment Audit and XBRL RequirementsAudit can be exempted if a company qualifies as a small company with the criterial below: (a) it is a private company in the financial year in question; and (b) it meets at least 2 of 3 following criteria for immediate past two consecutive financial years: 1. total annual revenue ≤ $10m; 2. total assets ≤ $10m; 3. no. of employees ≤ 50. For a company which is part of a group: (a) the company must qualify as a small company; and (b) entire group must be a “small group” to qualify to the audit exemption. For a group to be a small group, it must meet at least 2 of the 3 quantitative criteria on a consolidated basis for the immediate past two consecutive financial years. XBRL stands for eXtensible Business Reporting Language. The company would be required to file their financial statements in XBRL format with ACRA during the filing of Annual return, if your company financial report is: - Insolvent (Total Assets – Total Liabilities = Negative Value); or - Has a corporate shareholder for the financial yearUEN Activation (Singapore Customs Account) Required.LicensingKindly refer to GoBusiness Licensing at https://licence1.business.gov.sg/feportal/web/frontier/home, to search for the applicable licenses.Goods & Services Tax (GST)Goods and Services Tax or GST is a broad-based consumption tax levied on the import of goods (collected by Singapore Customs), as well as nearly all supplies of goods and services in Singapore. In other countries, GST is known as the Value-Added Tax or VAT. GST exemptions apply to the provision of most financial services, the supply of digital payment tokens, the sale and lease of residential properties, and the importation and local supply of investment precious metals. Goods that are exported and international services are zero-rated. Link: https://www.iras.gov.sg/taxes/goods-services-tax-(gst)/basics-of-gst/goods-and-services-tax-(gst)-what-it-is-and-how-it-worksWithholding Tax (WHT)A person (known as the payer) who makes payments of a specified nature (e.g. royalty, interest, technical service fee, etc.) to a non-resident company or individual (known as the payee) must withhold a percentage of the payment and pay the amount withheld to IRAS as WHT. Link: https://www.iras.gov.sg/taxes/withholding-tax/basics-of-withholding-tax/overview-of-withholding-tax-(WHT)Work PassesIf you would like to hire foreigner to work in Singapore, work pass is required.Please refer to the below link to calculate foreign employee quota:-https://www.mom.gov.sg/passes-and-permits/work-permit-for-foreign-worker/foreign-worker-levy/calculate-foreign-worker-quotaPlease refer to the link below in relation to the work passes in Singapore:-https://www.mom.gov.sg/passes-and-permitsSkills Development Levy (SDL) What is SDL? As required by law under the Skills Development Levy (SDL) Act, all employers are required to pay a monthly SDL for each of their employees working in Singapore. What is SDL Contribution rate? Currently, every employer shall pay SDL, at the rate of 0.25% of the first $4,500 of each of their employees’ monthly remuneration subject to: • a minimum of $2 (for employee earning $800 or less a month) • a maximum of $11.25 (for employee earning $4,500 or more a month) How to pay SDL? The Central Provident Fund (CPF) Board is the authorised collection agency for SDL. Employers can pay SDL together with their employees’ CPF contributions via the following options: • CPF [email protected] • CPF [email protected] (for employers with 10 or fewer employees) • Payment Advice (CPF Form 91) Pay to Skills Future SG directly. When to pay SDL? SDL payment should be made by the 14th day of the following month (for every month that the employee is hired). For late payment, SSG will impose a penalty of 10% per annum on the outstanding amount. Payroll What is Salary? Salary refers to remuneration, including allowances, paid for work done under a contract of service. Paying Salary In accordance to the Employment Act, employer must pay the salary at least once a month and within 7 days after the end of the salary period. There are exceptions for overtime, resignation without notice and other situations. It can also pay it at shorter intervals if choose. All employers must issue itemised pay slips to employees and must keep detailed employment records, including salary records, of employees covered by the Employment Act. What is Salary? Salary refers to remuneration, including allowances, paid for work done under a contract of service. Paying Salary In accordance to the Employment Act, employer must pay the salary at least once a month and within 7 days after the end of the salary period. There are exceptions for overtime, resignation without notice and other situations. It can also pay it at shorter intervals if choose. All employers must issue itemised pay slips to employees and must keep detailed employment records, including salary records, of employees covered by the Employment Act. Central Provident Fund (CPF) What is CPF? The CPF is a mandatory social security savings scheme funded by contributions from employers and employees. CPF helps Singapore Citizens and Permanent Residents set aside funds to build a strong foundation for retirement. How much you contribute depends on age. Depending on the age, CPF contribution rates can range from 12.5% to 37% of employee's monthly wages. How can I submit CPF Contributions For Employees? You can submit your CPF contributions easily using CPF EZPay with Singpass. Enjoy hassle-free submission by making use of the auto-computation feature or set up an Electronic Standing Instruction (ESI) for recurring monthly submissions. If you have 10 or fewer employees and would like to submit your CPF contributions on-the-go, you can do so using CPF EZPay Mobile. When is the due date for CPF contribution? The due date for CPF contributions is on the last day of the calendar month. Enforcement action would be taken against employers who fail to pay by the 14th of the following month (or the next working day if the 14th falls on a Saturday, Sunday or Public Holiday). This includes imposing late payment interest charged at 1.5% per month commencing from the first day after the due date. Skills Development Levy (SDL) What is SDL? As required by law under the Skills Development Levy (SDL) Act, all employers are required to pay a monthly SDL for each of their employees working in Singapore. What is SDL Contribution rate? Currently, every employer shall pay SDL, at the rate of 0.25% of the first $4,500 of each of their employees’ monthly remuneration subject to: • a minimum of $2 (for employee earning $800 or less a month) • a maximum of $11.25 (for employee earning $4,500 or more a month) How to pay SDL? The Central Provident Fund (CPF) Board is the authorised collection agency for SDL. Employers can pay SDL together with their employees’ CPF contributions via the following options: • CPF [email protected] • CPF [email protected] (for employers with 10 or fewer employees) • Payment Advice (CPF Form 91) Pay to Skills Future SG directly. When to pay SDL? SDL payment should be made by the 14th day of the following month (for every month that the employee is hired). For late payment, SSG will impose a penalty of 10% per annum on the outstanding amount. Do you want to speak with us? *-Select-YesNoServices *Accounting and Auditing ServicesCompany Secretarial ServicesTaxation ServiceWork Pass ServicesNotarisation and Legalisation ServicesPayrollContact UsName *Email *Contact Number *Submit
