The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on Companies under Liquidation/ Judicial Management/ Receivership, which are still required to fulfill certain tax obligations. This includes that a company in liquidation with receipts has to file its Declaration of Receipts and Payments (Declaration) with IRAS on an annual basis, while a company in liquidation without receipts has to file its Declaration once every four years. In this respect, the update includes that with effect from 1 May 2021, a company in liquidation is no longer required to split the receipts and payments based on calendar year when...