Annual return filing
Annual return (AR) – a set of documents that indicate your company’s financial health and status. All Singapore-incorporated companies must file ARs with ACRA within a month after the shareholders signed the resolution on the financial statements and no later than 7 months after the FYE.
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What does the Annual Return consist of?
The AR is mostly about confirming that the data ACRA has about your company is up to date: you submit the company type, the business activities, the registered address, the particulars of the company officers, and details of registered charges. If the information has changed or is incorrect, you must update the details.
How much does it cost to file the Annual Return?
There’s an Annual Filing fee of S$60. At Osome, we charge S$350 per year of secretarial services, and the fee is included in the price.
When must Singapore companies file their Annual Return?
There’s no universal Annual Return filing date, deadlines differ depending on when companies’ FYE end. ACRA expects your Annual Return lodged within 7 months after your FYE. Mind that it’s also true that the AR should be lodged within a month after the shareholders signed the resolution approving the financial statements. So if your shareholders sign the resolution earlier than 5 months after the FYE, send your AR to ACRA within a month after that.
Do I have to submit the financial statements together with my AR?
Many people have the impression that the submission of FS and the filing of Annual Return are 2 different filings. In fact, they are not. These papers are sent together if you fall into the category of businesses that must submit the FS. Companies that have no more than 20 shareholders and are not partially owned by businesses are exempt from sending the financial statements to ACRA. If you have corporate shareholders, you must submit the financial statements. Insolvent companies are obliged to do so, too.
Can a company file the Annual Return online?
The corporate secretary can file the annual return online via ACRA’s filing portal BizFile+.
What happens if my company fails to file the AR on time?
ACRA will impose the late lodgement fee of $300.