ACRA Common filing mistakes:
🟦Using outdated company officer info
🟦Filing late or skipping the Annual Return
🟦Not maintaining updated statutory registers
🟦Failing to appoint a company secretary
At Colab Advisory, we ensure your records stay compliant and updated year-round.
🟦Filing late or skipping the Annual Return
🟦Not maintaining updated statutory registers
🟦Failing to appoint a company secretary
At Colab Advisory, we ensure your records stay compliant and updated year-round.
ACRA Enforcement Action for Annual Return Filing Breaches
Covers late lodgment penalties and legal consequences:
📌SGD 300 if filed within 3 months after due date
📌SGD 600 if filed more than 3 months late
Enforcement: Possible court prosecution, directorship disqualification, and company strike-off for chronic breaches.
📌SGD 600 if filed more than 3 months late
Enforcement: Possible court prosecution, directorship disqualification, and company strike-off for chronic breaches.
IRAS Late Filing or Non-Filing of Corporate Income Tax Returns (Form C-S/C)
Explains penalties for late corporate tax submissions:
📌5% late payment penalty on outstanding tax
📌Additional 1% per month after 60 days
Court summons and fines up to SGD 5,000–10,000 or imprisonment for persistent non-filing.
📌Additional 1% per month after 60 days
Court summons and fines up to SGD 5,000–10,000 or imprisonment for persistent non-filing.
GST Filing Penalties and Late Payment Fines
Late Filing Penalty
📌Immediate $200 fine once the return (GST F5/F8) is overdue.
📌Additional $200 per subsequent month, capped at $10,000 per outstanding return
📌Additional $200 per subsequent month, capped at $10,000 per outstanding return
Estimated Notice of Assessment (NOA) & 5% Penalty
➡️IRAS may issue an estimated NOA with 5% penalty on the assessed GST if the return isn't filed.
➡️Once the actual return is eventually filed, the 5% penalty is recalculated based on actual liability.
➡️Once the actual return is eventually filed, the 5% penalty is recalculated based on actual liability.
5% Late‑Payment Penalty + Additional 2% Monthly
➡️A 5% penalty is imposed for unpaid GST after the filing deadline.
➡️An additional 2% per month applies if the amount remains unpaid after 60 days, capped at 50% of the unpaid tax.
➡️An additional 2% per month applies if the amount remains unpaid after 60 days, capped at 50% of the unpaid tax.
Recovery & Enforcement Consequences
Failure to comply may result in:
➡️Estimated NOAs, 5% penalties, and escalating 2% charges
➡️Appointment of agents (e.g. bank garnishment)
➡️Travel restrictions for sole-proprietors or partners
➡️Court summons and possible fines up to $5,000 per offence
➡️Appointment of agents (e.g. bank garnishment)
➡️Travel restrictions for sole-proprietors or partners
➡️Court summons and possible fines up to $5,000 per offence