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Singapore Announces Simplification of Corporate Tax Filing for Companies

06 November 2020

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Approved Changes

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Singapore

The Inland Revenue Authority of Singapore has issued a release announcing the simplification of corporate tax filing for companies. --- Corporate Tax Filing Simplified for Companies 5 Nov 2020 Simplified Corporate Income Tax Return for Small Companies New Digital Solutions for Companies Companies will enjoy a simpler tax filing experience in the 2020 Corporate Tax Filing season. The Inland Revenue Authority of Singapore (IRAS) has launched a new, simplified Corporate Income Tax (CIT) Return called Form C-S (Lite) which allows smaller companies to save time and file their taxes easily. New digital solutions such as fund transfers via PayNow, direct...