Revised Late Penalty for Annual Lodgements
17/12/2021
With effect from 14 Jan 2022, there will be higher penalties for late filing of the annual lodgments by Singapore-incorporated companies, Variable Capital Companies and Limited Liability Partnerships.
The penalty is $300 within the first 3 months after the due date or $600 if the lodgment is filed more than 3 months after the filing due date.
Singapore-incorporated companies and VCCs are required to file Annual Returns (AR) within 5 or 7 months after financial year-end for listed and non-listed companies respectively. LLPs are required to file Annual Declarations (AD) within 15 months of registration and subsequently, once in every calendar year within 15 months of the last lodgment.
More details can be found at ACRA website.
Feel free to contact us if you are needing financial consultancy or secretarial services at +65 66363691, +65 9326 2271 or info@lnmsolutions.com!
#cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Secretarial #AnnualReturns