Thursday, November 05, 2020

Singapore - Corporate Tax Filing Simplified for Companies

Companies will enjoy a simpler tax filing experience in the 2020 Corporate Tax Filing season. 

The Inland Revenue Authority of Singapore (IRAS) has launched a new, simplified Corporate Income Tax (CIT) Return called Form C-S (Lite) which allows smaller companies to save time and file their taxes easily. 

New digital solutions such as fund transfers via PayNow, direct filing from accounting software, and digitised notices for companies are also being rolled out.
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