Singapore - Inland Revenue Authority of Singapore (IRAS)'s Partnership Efforts Simplify Corporate Income Tax Filing 2021

• Up to 40% time-savings for companies and tax agents with simplified tax treatment for qualifying telecommuting assets under COVID-19 concession 
• Extended seamless filing solution to more tax professionals 
• Syncing of financial year end details 
• Pre-filled companies’ email addresses for digitised notices 

The Inland Revenue Authority of Singapore (IRAS) partnered with the tax community and government agencies to simplify Corporate Income Tax (CIT) Filing 2021 for companies. With the new initiatives, companies and tax agents can further reduce the time they take to file CIT this year. Companies are to e-File their CIT Returns (Form C-S/ Form C-S (Lite)/ Form C) by 30 November 2021. 

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