Your company needs to furnish Estimated Chargeable Income (ECI) within three months from the end of its financial year.
bookkeeping, employment, secretarial, tax
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Incorporate a Private Company
Proposed
Company Name:
Company Activity (I):
Company Activity (II):
Registered Office Address:
Name:
Position Held: Director / Managing Director / Manager / Secretary /
Shareholder
Identification No.:
Identification Type: NRIC
Nationality: SINGAPORE CITIZEN / SINGAPORE P.R.
Occupation:
Mobile No.:
Email Address:
Local Address:
Or Foreign Address:
Shares Allotted:
Additional Information Required
Town & Place of Birth:
Date of Birth:
Nationality/Citizenship (Current):
Nationality/Citizenship (At Birth):
Travel Document Number:
Travel Document Type:
Date of Issue:
Country of Issue:
Identity Card No:
Date of Issue:
Country of Issue:
Other Address:
Countries of Residence (if different from Country of Birth)
1) Country:
Period: Form To
2) Country:
Period: From To
Current Ownership of other Singapore registered Business (if any)
1) Name of Business:
2) Name of Business:
3) Name of Business:
When to hold an AGM and file annual return?
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Requirements |
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Annual General Meeting (AGM) |
1. A company is required to hold its first AGM within 18 months after its incorporation. 2.
Subsequent AGMs must be held every calendar year and the interval
between AGMs should not be more than 15 months. |
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Filing Annual Return |
The
Annual Return must be filed with the Registrar within one month
after the AGM. |
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Audited /
Unaudited Accounts |
Accounts presented at the AGM shall be made up to a date not more than 6 months before the AGM. |
Tax exemption scheme for new start-up companies
Under this scheme, a newly incorporated company can claim for full tax exemption on the first $100,000 of normal chargeable income for each of its first three consecutive YAs. A 50% exemption is given on the next $200,000 of the normal chargeable income.
Filing Income Tax Form (Form C)
When to file
30 Nov of each year will be the filing deadline.
One-Off SME Cash Grant
For Year of Assessment (YA) 2011, companies will receive:
1) A Corporate Income Tax (CIT) Rebate; or
2) A SME Cash Grant,
whichever is the higher amount.
A 20% CIT Rebate is subject to a cap of $10,000. A one-off SME Cash Grant of 5% on total revenue for YA 2011 is subject to a cap of $5,000.
If the revenue as per your accounts is for a period that covers two YAs, one of which is YA 2011, you have to provide a breakdown of your revenue for the basis period relating to YA 2011 in your tax computation.
To be eligible for the SME cash grant, the company must have made CPF contribution for at least one employee during the basis period of YA 2011. If no CPF contribution is made, the company will only be eligible for the CIT rebate.
For companies
Gains on sale of fixed assets are capital in nature and is not taxable.