Compulsory e-Filing for Form C-S/ C
Filing Due Dates
The annual filing due dates for Form C-S/ C/ C-S lite is:
YA 2020:-15th DEC
YA 2021:-30th Nov
Form C-S/ C/ C-S lite
There are three types of Income Tax Return, Form C-S,Form C-S lite and Form C.The Form C-S/ C-S lite /C is a declaration form for companies to declare their actual income. Companies are still required to file the Form C-S/ C/C-S lite even if they are making losses.
Conditions to File Form C-S/C-S lite,Form C
| Conditions | Form C-S | Form C-S Lite | Form C |
|---|---|---|---|
| Incorporation | Company must be incorporated in Singapore |
Company must be incorporated in Singapore |
All other companies which do not fulfil the condition of filling Form C-S or form C_S lite are required to file Form C –along with Tax computation and supporting schedules (including Detailed Profit and Loss Statement) ii. Audited/ Unaudited Financial Statements |
| Annual revenue | $5 million or below | $200,000 or below | |
| Condition for carrying forward losses | Not claiming
Carry-back of Current Group Relief Investment Allowance Foreign Tax |
Not claiming
Carry-back of Group Relief Investment Allowance Foreign Tax |
Form C filling by dormant companies
A dormant company is one that does not carry on business and has no income for the whole of the basis period. For example, if a company did not carry on business and had no income for the whole of the basis period ending in year 2019, it will be regarded as a dormant company for Year of Assessment (YA) 2020.
A dormant company must e-File its Income Tax Return unless the company has been granted waiver to file income tax return. A dormant company will need to file its Income Tax Return using the File Form C-S/ C/ C-S lite for Dormant Company eService