Who needs to file Form C?

All companies carrying on a trade or business in Singapore need to file form C annually to report their income even if the company is making a loss. The company can authorize any person to sign the form C, however the director or principal officer is still responsible for the company's tax affairs. There are penalties for late filing or not filing as well as penalties for filing a wrong return.

Tax exemption scheme for new startup companies

To support entrepreneurship and local enterprises to grow, a newly incorporated company that meets the qualifying conditions can claim for full tax exemption on the first $100,000 of normal chargeable income for each of its first three consecutive FAs. A further 50% exemption will be given on the next $200,000 of the normal chargeble income starting from YA 2008. Partial tax exemption will be given if the company does not meet the qualifying conditions.

Qualifying conditions

• be incorporated and tax resident in Singapore.
• have no more than 20 shareholders throughout the YA.
• All the shareholders are individuals.

You can now submit your form C electronically to IRAS. The template to be used will be other company (offline application).

Form C in Singapore e-filing procedure

Download the form C offline application from

Prepare the form C package

• complete the tax computation template
• attach the tax computation
• attach the company's audited or unaudited accounts
• complete form C and other relevant forms

Upload the form C package for submission to IRAS via Mytax portal.

The webpage for you to download programme, guides and FAQ on form C is

Form C resources

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