Conversely, if an EPC’s once-a-year turnover exceeds S$ten million, it can be obligated to carry out once-a-year audits. When filing returns, there isn't any prerequisite to connect the accounts, but a declaration of solvency has to be completed.Just after obtaining a NOA, you might be required to spend the believed tax inside 1 thirty day period

Private businesses are exempt from Keeping AGMs if they provide their economical statements for their users inside of 5 months of the top from the monetary year. This regulation was enacted in August 2018.In these kinds of circumstances, the directors of the corporation are obligated to convene an AGM within six months following the end of your mon