Corporate Tax Filing Season 2020 (Issue 1)
This e-newsletter provides you with information on Corporate Income Tax filing to help the company better understand companies' tax filing obligations.
From the Year of Assessment (YA) 2020, e-Filing of the Corporate Income Tax Returns (Form C-S/ C) is compulsory for all companies. The filing deadline is 15 Dec 2020.
e-Filing services for YA2020 Form C-S/C are now available. The Company may proceed to e-file the Corporate Income Tax Return via IRAS website.
Single Filing Deadline from 2021 (Deadline: 30 Nov 2021)
From YA 2020, e-Filing of Form C-S/ C is compulsory for all companies. The filing deadline for Form C-S/ C is 15 Dec 2020.
The extended filing deadline of 15 Dec, which was initially introduced in 2012 to encourage companies to e-File their Corporate Income Tax Returns, will no longer be available from 2021. From YA 2021, all companies will be required to e-File their Corporate Income Tax Returns by 30 Nov 2021.
Removal of Downloadable Forms
In line with compulsory e-Filing, the downloadable Form C-S will not be available on the IRAS website. Qualifying companies may e-File Form C-S via IRAS website.
The Form C (Upload) will no longer be available from YA 2021. The Company are strongly encouraged to start filing the Form C using the Online Form C now. Paper submissions of the YA 2020 Form C (Upload) will no longer be accepted.