Corporate tax filing season 2020 for Singapore will be due very soon.

• The deadline will be on 15 December 2020.
• From YA2020, e-Filing of the Corporate Income Tax Returns (Form C-S/ C) is COMPULSORY for all companies.
• However, in light of the COVID-19 situation, companies with financial years ending in Oct 2019 to Dec 2019, IRAS is prepared to grant a 1-month extension till 15 Jan 2021 to e-File the YA 2020 CIT Returns, on a case-by-case basis by submitting the form by 27 November 2020.
• Key tax changes for YA2020:
  • A Corporate Income Tax Rebate of 25% of tax payable, capped at $15,000, will be granted for YA 2020
  • The Loss Carry-Back Relief has been enhanced for YA 2020. Companies may elect for either the current carry-back relief system or enhanced carry-back relief system for YA 2020
  • * From YA 2020, companies that qualify to file Form C-S and have an annual revenue of $200,000 or below have the option to file Form C-S (Lite), a simplified version of Form C-S.

We do provide tax computation and filing service. Please feel free to contact us at +65 – 6674 6674