All about Singapore Tax return filing Deadlines 2013
IRAS (Inland Revenue Authority of Singapore) administered the rules and regulations of taxation Singapore. It has developed a stronger community and promotes a conductive environment for economic growth of the country by introducing low corporate income tax rates, personal Income tax rates and GST Singapore. Singapore is globally acclaimed for its progressive tax regimes and a sort of pro-business policies and features. The authority has implemented some strict regulations in order to maintain the reputation country holds. It has a proper tax structure and system that every individual, corporate and business are bound to confront with the statutory law.
As per the statutory regulations of IRAS, there are some fixed due dates for filing personal tax and corporate tax every year. It is essential to remember the tax filing, payment and registration deadlines so as to avoid enforcement actions such as penalties, composition or summons issued to the individual, company or entity.
The statutory filing deadlines for the various income tax returns are listed below:
| Taxpayers required to file tax returns | Form to submit | Due date for paper return | Due date for e-filing |
| Companies | Form C/ Form C-S | 30 November | 15 December (for Form C-S only) |
| Resident individuals | Form B/ Form B1 | 15 April | 18 April |
| Non-resident individuals | Form M | 15 April | |
| Partnerships | Form P | 15 April | 18 April |
| Clubs/Trade Associations/ Management corporations | Form P1 | 15 April | |
| Trusts and estates | Form T | 15 April |
All the Singapore companies who have earned revenue more than S$1 million in the year of assessment 2012 must file their return before 30 November 2013. Companies are required to submit the Form C (Form C-S for qualifying small companies), audited/unaudited accounts and tax computation at the time of filing.
The individuals either Singapore resident or non-resident had already submitted their Form B/B1 and Form M respectively for the YA 2012 before 15 April 2013 (through paper return) and 18 April 2013 (for e-filers). Non-corporate entities like partnership business, clubs, trade associations, management corporations and trusts and estates are also free from filing their return in November, as they must file before 15April and 18 April of the each financial year of assessment. For further assistance, you can contact the tax consultants of SBS Consulting who will help you in filing your return in a perfect manner.
You can get in touch with us by calling on the following numbers: +65 6536 0036 or by dropping a mail to us on info@sbsgroup.com.sg and get your job done in a professional manner.
