The first financial year requires 18 months, if the first financial year is more than 12 months, the tax office will automatically generate two annual tax bills; in this case, there may be more charges, because there are two years. The AGM (General Meeting of Shareholders) must be submitted within 6 months after the annual cut-off date, and the annual audit must be done within 30 days after the submission. The latest tax payment must be made within one month of the date of the tax bill. Singapore companies can claim a loss for up to 5 years. (Example:
The company needs to submit information to the accountant first for accounting and financial reporting, and then submit the financial report to the shareholders’ meeting after confirming the accuracy of the report, followed by the annual audit. (After November will be available, but there is no specific date)
2023-05-03