ACEPLUS BIZSOLUTION PTE. LTD.
Financial Year-End Compliance Support
A step-by-step guide for a smooth and timely
completion of your company's year-end requirements.
We coordinate the process and work with your appointed professionals
(tax agent, accountant and corporate secretary) to ensure all necessary
filings and compliance obligations are met.
1
Preparation of
Management Reports
We prepare the management reports for your company’s financial year-end, including the relevant financial records and supporting schedules required for the subsequent reporting and filing processes.
Your responsibility
-
Provide bank statements, invoices, receipts, payroll records and other supporting documents as requested.
Handled by
-
AcePlus BizSolutions
2
Estimated Chargeable Income (ECI) Filing
Once the management reports are ready, the relevant financial information will be provided to your appointed tax agent for the preparation and submission of the Estimated Chargeable Income (ECI) to the Inland Revenue Authority of Singapore (IRAS), where applicable.
Your responsibility
-
Review and provide any additional information required by the tax agent to facilitate the filing.
Handled by
-
Your Appointed Tax Agent
3
Preparation of Financial Statements
Following the relevant ECI arrangements, the financial records and information will be provided to the accountant for the preparation of your company’s annual financial statements, in accordance with applicable Singapore financial reporting requirements.
Audit Requirements (if applicable)
For Audit-Required Companies
The financial statements and supporting schedules will be provided to the appointed external auditor for audit. Any necessary adjustments identified during the audit will be addressed before the financial statements are finalised.
Handled by
-
Appointed External Auditor
Your responsibility
-
Review the financial statements and provide any necessary clarification or confirmation.
Handled by
-
Your Appointed Accountant
4
Annual Return Filing with ACRA
Once the financial statements have been finalised, the relevant documents will be forwarded to your appointed corporate secretary for the preparation and filing of the company’s Annual Return with the Accounting and Corporate Regulatory Authority (ACRA).
XBRL Filing (if applicable)
If XBRL filing is required, the financial statements will be converted to the required XBRL format before submission to ACRA.
5
Final Corporate Income Tax Filing
Important: ECI filing is not the same as the final corporate income tax return
Your company’s final corporate income tax return (Form C-S, Form C-S (Lite) or Form C, as applicable) must be prepared and submitted to IRAS by the relevant filing deadline.
The filing deadline is generally 30 November each year. ECI filing is generally due within three months after the end of the financial year, unless an applicable waiver or exemption applies. (IRAS Ref: Link)
Handled by
-
Your Corporate Secretary
(for Annual Return filing)
Filing confirmation
-
Provided by the appointed filing service provider.
Your responsibility
-
Ensure all relevant accounting records and supporting documents are retained and made available to your appointed tax agent.
Handled by
-
Your Appointed Tax Agent
Important Reminder
The above workflow is intended as a general guide. Actual requirements, filing deadlines and responsibilities may vary depending on your company’s circumstances and applicable regulatory requirements.
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Please provide the requested information and supporting documents promptly to help avoid unnecessary delays in completing your year-end compliance obligations.