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

1900,000

US$75

/Month

Total yearly estimated cos foraccounting:

US$900

** 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

Dormant Company
Package

In case you want to reserve your company for later needs, we can help to minimize annual maintenance costs with Dormant Company Package.

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Dormant Company Package

With all fees included:

  • Full company secretary services

  • All government renewal fees

  • Fulfill annual filing and reporting obligations
US$600

Additional supporting services

Form IR8A submission
Annual income reporting for all Singapore employees
  • US$100 per person
  • A surcharge of US$150 with Appendix 8A
    • Form IR21 submission
    Tax clearance for non-citizen Singapore employees in case of employment cessation or departure from Singapore.
  • US$120 per person
  • A surcharge of US$230 with Appendix 1
    • Personal Income Tax Filling
    US$125 per person
    Payroll Outsourcing
    Administration of payroll process in compliance with tax and labor regulation
    US$50 per person per month
    Central Provident Fund Account setup
    Employers’ mandatory contribution for social security savings scheme of employees who are Singapore citizens or permanent residents.
    US$120 per person
    Form IR8A submission
    Annual income reporting for all Singapore employees
  • US$100 per person
  • A surcharge of US$150 with Appendix 8A
    • Form IR21 submission
    Tax clearance for non-citizen Singapore employees in case of employment cessation or departure from Singapore.
  • US$120 per person
  • A surcharge of US$230 with Appendix 1
    • Personal Income Tax Filling
    US$125 per person
    Payroll Outsourcing
    Administration of payroll process in compliance with tax and labor regulation
    US$50 per person per month
    Central Provident Fund Account setup
    Employers’ mandatory contribution for social security savings scheme of employees who are Singapore citizens or permanent residents.
    US$120 per person
    Form IR8A submission
    Annual income reporting for all Singapore employees
  • US$100 per person
  • A surcharge of US$150 with Appendix 8A

    • Other services

    Full XBRL preparation
    Convert full set of financial statements in XBRL format.
    US$500
    XBRL highlight preparation
    Convert financial statements highlights in XBRL format.
    US$350
    GST registration
    Apply for GST registration when company’s annual turnover exceeds S$1 mil.
    US$450
    Liaising with Auditor
    Cooperate in providing documents and assist in handling queries from auditors.
    US$500
    Full XBRL preparation
    Convert full set of financial statements in XBRL format.
    US$500
    XBRL highlight preparation
    Convert financial statements highlights in XBRL format.
    US$350
    GST registration
    Apply for GST registration when company’s annual turnover exceeds S$1 mil.
    US$450
    Liaising with Auditor
    Cooperate in providing documents and assist in handling queries from auditors.
    US$500
    Full XBRL preparation
    Convert full set of financial statements in XBRL format.
    US$500
    XBRL highlight preparation
    Convert financial statements highlights in XBRL format.
    US$350

    Frequently Asked Questions

    What are initial requirements to register a company in Singapore?
    • Minimum one director and one shareholder.
    • Local resident director(s).
    • A local registered address in Singapore.
    What kinds of business are allowed in Singapore?

    Generally, no restrictions except for financial services, education, media-related or other politically sensitive businesses.

    Do I have to file annual returns for my Singapore company?

    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).

    Can a foreigner register a company in Singapore?

    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.

    Which taxes must a company in Singapore pay annually?

    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.