Due date and payment for filing the corporate tax in Singapore

Due date and payment for filing the corporate tax in Singapore

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Due date and payment for filing the corporate tax in Singapore

There is an important date to remember for filing corporate tax in Singapore.

A Singapore resident company, whether large or small, has the following deadline:

  • The deadline for filing the Corporate Income Tax Return (Form C-S/ Form C-S (Lite)/ Form C) for the Year of Assessment (YA) 2023 is 30 Nov 2023.

Failing to file the documents by the stipulated deadline is an offense. The company, as well as the officers of the company, can be fined up to S$1,000 and S$10,000, respectively.

IRAS will review the forms filed by the company and issue a Notice of Assessment (NOA) within one month after the submission of tax return. The NOA is an in-depth statement of the current tax liabilities of a company.

The company must pay the tax assessed by the IRAS within one month from the date of the NOA. There are different payment methods available to the companies to pay their taxes. Companies can pay through internet banking, GIRO, cheque, or even telegraphic transfer.