Corporate Income Tax Filing Season 2025
You may start filing your Income Tax Return for the Year of Assessment 2025 from 5 May 2025. The deadline for filing your Corporate Income Tax Return (Form C-S/ Form C-S (Lite)/ Form C) for the Year of Assessment (YA) 2025 is 30 Nov 2025. If you need our service to file your company’s tax, please contact us HERE. For more information, please refer to IRAS website: https://www.iras.gov.sg/taxes/corporate-income-tax/basics-of-corporate-income-tax/corporate-income-tax-filing-season-2025
Continue ReadingCorporate Service Providers (“CSP”) Act 2024
The CSP Act and CSP Regulations, which provide further details on the requirements under the CSP Act, will come into effect on 9 Jun 2025. Key amendments: Require all business entities carrying on a business of providing corporate services in and from Singapore to register with ACRA as registered CSPs Require all registered CSPs to comply with obligations, including those on anti-money laundering, countering the financing of terrorism and the proliferation of weapons of mass destruction (AML/ CFT/ PF obligations); Prohibit persons from acting as nominee directors by way of business unless the appointments are arranged by registered CSPs and they have been assessed as fit and proper by the registered CSPs; Require nominee directors’ and nominee shareholders’ nominee status and the identities of their nominators to be disclosed to ACRA; and Increase fines pertaining to the register of registrable controllers, register of nominee directors and register of nominee shareholders. Frequently Asked Questions: Following the feedback provided on the CSP Regulations in Feb 2025, we are pleased to share with you the Frequently Asked Questions. Registration Timeline: For entities or persons that perform corporate services by way of business but are not currently registered with ACRA as a Registered...
Continue Reading