$880

Application for Company Registration

- Individual Shareholder

*Corporate Shareholder + $500

* Group Company +500

Including:

- Register of Company Name

- Incorporation of Company

- Constitution

- Business Profile

- Company Stamp

- Due Diligence，Form 45 and CDD

- Register of Registrable Controllers (RORC)

*Certificate Confirming Incorporation of Company $90

$550/Year

Singapore Local Shareholder

$720/Year

Foreign Shareholder

Other Related Work

- Registered Address $480/Year

- Share Transfer $180/Each transfer by each shareholder

- Stamp Duty Calculate and Submission from $280

- Director Resignation / Appointment of Director $180/Director

- Change of Company Name $380

- Application for Striking Off the Company $480

$1680

Accounting Service For Companies

- Profit and Loss Statement

- Balance Sheet

- General Ledger Detail Within 50 Transactions

* Additional Each Transaction +$5

- General Ledger Summary

- Trial Balance

- Cash Flow

- Estimated Chargeable Income (ECI) Filing

- Annual Return & AGM

* Exclude ACRA Fee fo Annul Return

- Form CS Filling

- Unaudited Financial Statement

Flat rate
Flat 17 % on chargeable income (i.e. after all exemptions / allowances).

Timeline

Basis period = your financial year.

YA (Year of Assessment) = the calendar year after the basis period.

File Estimated Chargeable Income (ECI) within 3 months of FY-end—unless revenue ≤ S$5 m and ECI is nil.

File final return (Form C-S / C-S Lite / C) by 30 Nov of YA.

From accounting profit → chargeable income

Net profit before tax

+ Non-deductible expenses (fines, depreciation, private costs, CPF excess…)

- Non-taxable income (certain dividends, FSIE-qualifying foreign income, capital gains)

- Capital allowances (CA) – wear-&-tear on fixed assets

- Unutilised losses brought forward

- Approved donations (250 % deduction)

= Chargeable income

Exemptions & rebates (YA 2025)

Start-up Tax Exemption (first 3 YAs)
– 75 % exempt on first S$100 k
– 50 % exempt on next S$100 k
Effective rate on S$200 k = 8.5 %.

Partial Tax Exemption (year 4 onward)
– 75 % exempt on first S$10 k
– 50 % exempt on next S$190 k
Maximum exemption = S$102.5 k .

CIT Rebate YA 2025
– 50 % rebate capped at S$40 k, plus S$2 k cash grant if you employ ≥ 1 local staff.

Quick formula

Tax payable = (Chargeable income – exemptions) × 17 % – CIT rebate
Foreign-sourced income
Exempt if: subject to ≥ 15 % headline tax overseas, and “substantive economic nexus” test met. Otherwise taxed at 17 % with foreign-tax credit (FTC) or FTC pooling.

Common add-backs (non-deductible)
Depreciation, penalties, income tax itself, private car expenses, pre-trade expenses, impairment of goodwill.

Capital allowances

Plant & machinery – 3-year straight-line (33 ⅓ % each year) or 100 % in YA of purchase if ≤ S$20 k per asset.

Computer & prescribed automation – 100 % YA.

Landed commercial building – 5 % annual industrial building allowance.

Losses & donations
Unlimited carry-forward; utilise in any order but must satisfy 50 % shareholding continuity test. Donation excess can be carried forward 5 YAs.

Compliance tips
- Keep GAAP-compliant accounts; IRAS auto-pre-fills Form C-S fields from your XBRL file.
- Use IRAS Basic Corporate Tax Calculator to sense-check.
- Attach pdf schedules for CA, losses, FTC. No need to send vouchers unless requested.

Singapore Audit – 2025

Who must be audited

Every Singapore-incorporated company unless it is:
– a small company (private; ≤ S$10 m revenue, ≤ S$10 m assets, ≤ 50 staff) for the last two consecutive years, and
– part of a small group if applicable (parent + subsidiaries must together pass the same two-out-of-three test).

Dormant companies (no accounting transactions) are also exempt.

Break any size limit two years running, or fail to keep proper records, and ACRA can force an audit .

Legal frame

Companies Act s. 205: compulsory auditor appointment within 3 months of incorporation unless exempt.

Singapore Standards on Auditing (SSAs) – full ISA-alignment updated 2024; key changes: risk assessment (SSA 315), fraud procedures (SSA 240), quality-management at engagement level (SSA 220)

.

SFRS or SFRS for SE must be used for the underlying accounts.

Timeline (FY-end 31 Dec)

Auditor appointed by 31 Mar.

AGM by 30 Jun (private) / 30 Apr (listed).

Audited statements lodged with ACRA within 7 months (30 Jul) as part of Annual Return.

Auditor eligibility
Only public accountants or firms registered with ACRA; at least one partner ordinarily resident in Singapore

.

Typical deliverables

Independent auditor’s report (opinion, basis, key-audit-matters for listed).

Signed statement of financial position, P/L, OCI, cash-flow, changes in equity & notes.

Management letter (optional but best-practice).

Common pitfalls 2025

Inadequate documentation of going-concern assessment (SSA 570).

Missing fraud-risk brainstorming minutes (SSA 240).

Failure to confirm related-party transactions under SFRS(I) 1-B.

Not updating audit software for new SSA 220 quality-management criteria.

What
XBRL = machine-readable tags applied to annual financial statements. All Singapore-incorporated companies must lodge the tagged file with ACRA via BizFile+.

Who

Public or “large” private companies (breach 2 of: revenue > S$10 m, assets > S$10 m, staff > 50) → FULL XBRL (≈ 210 tags).

Small, solvent Exempt Private Companies → may use XBRL FSH (60 key tags + PDF) or PDF-only.

Insolvent EPCs must file; banks/insurers report to MAS instead.

2025 tweaks

SFRS(I) 15/16 updates embedded.

New voluntary ESG block: Scope 1 & 2 emissions, energy use, board gender %. Listed firms must tag FY 2026.

Industry modules for tech, shipping, funds.

AI validator auto-rejects unmatched cash-flow, negative equity, missing comparatives.

Deadlines (FY 31 Dec)
Listed: AGM 30 Apr, AR 31 May.
Others: AGM 30 Jun, AR 31 Jul.
Late fee S$300–900; directors risk disqualification.

How

Export trial balance.

Map to latest ACRA taxonomy (free offline tool or SaaS).

Validate against Minimum Requirement List.

Upload; pay S$60.

Keep XBRL + PDF five years.

Top pitfalls
Retained earnings mismatch, revenue tags > total, auditor date before director date, missing sustainability comparative.