Singapore Company Annual Compliance & ACRA Filing

All Singapore companies have ongoing compliance requirements with ACRA (Accounting and Corporate Regulatory Authority). Understanding these obligations is crucial to avoid penalties.

• Hold Annual General Meeting (AGM)
• File Annual Return with ACRA
• Prepare and maintain financial statements
• Keep statutory registers updated
• File income tax returns with IRAS

Most companies must hold an AGM to present financial statements and conduct shareholder business. Some exemptions apply for private companies.

• Must be held within 6 months of financial year end
• Listed companies: within 4 months of FYE
• Present financial statements to shareholders
• Declare dividends (if any)
• Appoint/re-appoint auditors
• Small private companies may be exempt from holding AGM

The Annual Return provides ACRA with updated information about your company's officers, shareholders, and business activities.

• Must be filed within 7 months of FYE for private companies
• Listed companies: within 5 months of FYE
• Or within 14 days after AGM, whichever is earlier
• Filing fee: SGD 60
• Filed electronically through BizFile+ portal

Companies must prepare financial statements that comply with Singapore Financial Reporting Standards (SFRS).

• Must be prepared in accordance with SFRS
• Small companies exempt from audit (revenue < SGD 10M)
• XBRL format required for many companies
• Small companies may file simplified declarations
• Must be presented at AGM before filing

Key deadlines based on your financial year end (FYE):

• AGM: FYE + 6 months (private) or FYE + 4 months (listed)
• Annual Return: FYE + 7 months (private) or FYE + 5 months (listed)
• Corporate Tax Filing: November 30 each year (for previous FYE)
• GST Returns: Quarterly or monthly depending on revenue

ACRA imposes penalties for late filing and other compliance failures.

• Late filing penalty: SGD 300 (within 3 months) or SGD 600 (after 3 months)
• Court prosecution: fines up to SGD 5,000
• Director disqualification for repeated offences
• Company may be struck off for persistent non-compliance
• Extensions possible (up to 60 days) if applied for in advance

Annual Returns and most compliance filings are done electronically:

• Access BizFile+ portal (www.bizfile.gov.sg)
• Login with CorpPass credentials
• Complete Annual Return form
• Attach financial statements (if required)
• Pay SGD 60 filing fee
• Receive acknowledgment of filing