Annual Compliances are a crucial set of legal and regulatory obligations that companies in Singapore must fulfill on an annual basis. Mandated by the Company Act 1967 of Singapore, these requirements ensure that businesses operate within the framework of the law and maintain transparency and accountability. Don't let the burden of annual compliance weigh you down. Trust our expertise and industry knowledge to handle your company's compliance needs, allowing you to focus on core business activities and drive sustainable growth.
Our team prepares accurate and compliant financial statements in accordance with the Singapore Financial Reporting Standards (SFRS). We ensure that your financial statements provide a true and fair view of your company's financial position and performance.
We assist in preparing and filing your company's annual return with the Accounting and Corporate Regulatory Authority (ACRA). This includes updating key company information such as directors, shareholders, and registered address.
Our experienced corporate secretarial team assists with maintaining statutory registers, organizing annual general meetings, and preparing minutes of meetings. We ensure that your company remains compliant with all corporate governance requirements.
We help you meet your tax obligations by preparing and filing your company's annual tax returns. Our tax professionals ensure compliance with the Inland Revenue Authority of Singapore (IRAS) guidelines, maximizing tax efficiency and minimizing the risk of penalties.
We provide proactive compliance advice, keeping you informed of any regulatory changes that may affect your business. Our experts offer recommendations to address any compliance gaps and help you navigate complex regulatory landscapes.
Annual Compliances refer to the set of legal and regulatory requirements that a company must comply with on annual basis. These compliance requirements are mandated by the Company Act 1967 of Singapore.
All companies in Singapore are required to keep proper accounting and other records that will enable the preparation of true and fair financial statements under sections 199(2A) and 199(1) of the Act, respectively.
All companies in Singapore are required to hold AGMs.
All Singapore-incorporated companies are required to file annual returns with ACRA to ensure that the company’s information on ACRA’s register is up to date.
Since 1 November 2007, Companies required to file financial statements with ACRA are required to file financial statements in XBRL format. SG-incorporated EPCs that are solvent Not required.
All Singapore company has to file ECI within 3 months from the end of your financial year unless exemption criteria met.
All Singapore company must file its income tax return by 30 Nov every year.
All companies, foreign companies, and Limited Liability Partnerships are required to maintain a RORC unless they are exempted.
By partnering with us for Annual Compliances, you can have peace of mind knowing that your company's legal and regulatory obligations are met efficiently and effectively. We work closely with you, offering proactive advice and personalized solutions to help you navigate the complexities of annual compliance requirements.
Start-ups
INR 97,775.00
Annual Turnover below $100K
Bank Transaction below 100
Small-sized
INR 106,775.00
Annual Turnover below $500K
Bank Transaction below 200"
Medium-sized
INR 135,775.00
Annual Turnover below $1500K
Bank Transaction below 300
Non-executive local resident director
INR 59999 per year
XBRL Preparation for Company with corporate shareholder
From INR 9999 per Financial year
Annual compliance services for a Singapore company involve fulfilling the legal and regulatory requirements mandated by the Company Act 1967 and other relevant regulations. These services typically include annual return filing, financial statements preparation, tax compliance, corporate secretarial services, and compliance advisory.
Annual compliance services are essential to ensure that a Singapore company operates within the legal framework, maintains transparency, and meets regulatory obligations. By fulfilling these requirements, companies can avoid penalties, maintain good standing with authorities, and demonstrate their commitment to corporate governance.
Annual return filing involves submitting updated company information, such as directors, shareholders, and registered address, to the Accounting and Corporate Regulatory Authority (ACRA). It provides a snapshot of the company's particulars as of the annual return date.
Annual compliance services assist in preparing accurate and compliant financial statements in accordance with the Singapore Financial Reporting Standards (SFRS). These statements provide insights into the company's financial position, performance, and cash flows.
Tax compliance for a Singapore company includes preparing and filing annual tax returns with the Inland Revenue Authority of Singapore (IRAS). It involves ensuring accurate reporting of income, expenses, and any applicable tax incentives or exemptions.
Corporate secretarial services involve maintaining statutory registers, organizing annual general meetings, preparing minutes of meetings, and ensuring compliance with corporate governance requirements. These services support the company's administrative and compliance functions.
Compliance advisory services provide proactive advice on regulatory changes, compliance gaps, and best practices. They help companies navigate complex regulatory landscapes, reduce risks, and enhance their understanding of compliance obligations.
Yes, annual compliance services can be tailored to meet the specific needs of different company sizes and industries. Compliance requirements may vary based on factors such as company structure, nature of business, and industry-specific regulations.