Singapore Corporate Tax Filing – Is Your Business Ready for 30 November Deadline?

Singapore Corporate Tax Filing – Is Your Business Ready for 30 November Deadline?

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Key Tips: Singapore Corporate Income Tax
 

Corporate Tax Filing Season in Singapore

 

The clock is ticking. All Singapore-incorporated companies are required to file their annual Corporate Income Tax Returns with IRAS by 30 November 2025.

For many businesses, tax filing is typically treated as a routine ‘tick-the-box’ compliance exercise. However, with a structured and proactive approach, it can become an opportunity to optimise your company’s financial position, enhance governance practices, and strengthen resilience against regulatory scrutiny.

 

Key Corporate Tax Deadlines in Singapore

 
To stay compliant, companies must track these important deadlines:
 
  • Estimated Chargeable Income (ECI): Due within three months from the end of the company’s financial year.
     
  • Corporate Tax Return (Form C / Form C-S / Form C-S (Lite)): Due by 30 November each year, covering the company’s income, expenses, deductions, and adjustments for the preceding financial year. 

Why timely filing matters: Failure to meet deadlines can trigger late filing penalties, enforcement actions, or assessments based on IRAS’s own estimates, which may not accurately reflect your company’s true tax position.

In serious cases, directors may be held personally accountable for persistent non-compliance, highlighting the importance of accurate and timely submissions.
 

Tax Checklist for Companies – A Structured Approach to Compliance

 

To reduce risk and uncover opportunities, companies should establish a structured internal process that integrates financial reporting, tax compliance, and documentation review. This ensures that tax filings are accurate, complete and fully supported.

Before submitting the corporate tax return, companies should review the following systematically:

 

Financial Statements

Ensure statements for the relevant year are complete, accurate, and reflect true financial performance—whether audited or unaudited. Inaccuracies can delay filing, trigger queries from IRAS or result in penalties.

Income Verification

Confirm that all income streams, including foreign-sourced income taxable in Singapore, are accurately captured. Properly disclose dividends, interest, and other business-related income.

 

Tax Adjustments

Review all deductions and adjustments, including non-deductible expenses, capital allowances, investment allowances, and double tax relief claims. Misclaimed or missing deductions can directly affect taxable income.

Group Relief and Losses

Apply available group relief, carry-forward losses, or unutilised capital allowances. Ensure compliance with continuity of ownership and business tests to preserve these tax benefits.

 

Transfer Pricing Compliance

For companies with related-party transactions, prepare and maintain contemporaneous transfer pricing documentation per IRAS guidelines. Proper documentation reduces audit risk and potential penalties.

Supporting Documentation

Maintain detailed schedules, calculations, and working papers to substantiate positions taken in the return. Being audit-ready mitigates disputes with IRAS.

 

Why it matters:

By adopting a structured approach to corporate tax compliance, your company can do more than just meet regulatory requirements. You’ll reduce the risk of errors, avoid penalties, and be better prepared for audits. More importantly, this process can uncover opportunities to optimise your tax position and support stronger financial governance, turning tax filing into a strategic advantage rather than a routine task.
 

Need help navigating the year-end tax season?

​​​​​​Don’t leave compliance or potential savings to chance. Our experienced tax team is ready to support your business with tailored advice, accurate filings, and strategic insights to help you stay compliant and optimise your tax position.


Contact us today to ensure your company is ready for the 30 November deadline.

 
TALK TO OUR TAX EXPERTS
 
 
 

 

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0% Tax Opportunity for Family Offices – Are You Ready?

0% Tax Opportunity for Family Offices – Are You Ready?

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Take Advantage: 0% Tax Rate
 

Leverage expert-led structuring, seamless compliance, and end-to-end support to unlock the 0% tax opportunity for your Family Office.

 

Malaysia’s Forest City Special Financial Zone (FCSFZ) offers a compelling new option for wealth management. A 0% tax rate is available for qualifying Single Family Offices, effective from Q1 2025. The incentive applies for an initial 10-year period and may be extended for another 10 years, subject to enhanced substance and compliance requirements.

FCSFZ is emerging as a global destination for Family Offices seeking more control, lower entry thresholds, and long-term tax efficiency.

 

This is where BoardRoom comes in.

Our experts deliver end-to-end support across both pre-setup and ongoing operations, ensuring your Family Office is not only established correctly but primed for long-term efficiency and scalability.

 

From selecting the right investment vehicle and managing cross-border tax obligations, to license application, asset injection, and incentive maintenance, we help simplify complexity while protecting your strategic interests.

 

Our Tailored Approach

 
 

We follow a structured, expert-led process to build and support your Family Office:

  1. Understanding your business and wealth priorities
  2. Jurisdiction-specific entity structuring and tax planning
  3. Advisory and execution of tax incentive applications
  4. Ongoing delivery of corporate and compliance services

At BoardRoom, we simplify the complexity of setting up and managing a Family Office in FCSFZ. Whether you're planning your first Family Office or expanding an existing structure into this tax-friendly zone, our team provides expert guidance on local regulations, end-to-end compliance, and long-term tax optimisation.

 

Ready to optimise your wealth and begin your 0% tax journey?

CONTACT OUR EXPERTS TODAY
 
 

The OneBoardRoom Advantage

BoardRoom goes beyond just setting up Family Offices. We offer a fully integrated suite of corporate services including, Corporate Secretarial, Tax, Payroll, Accounting, Share Registry, Employee Share Plans, and Sustainability Advisory. With a single trusted partner supporting your growth in every market, you reduce complexity, strengthen compliance, and stay focused on what matters most: building your business.

From startup to scale, BoardRoom is with you every step of the way ensuring continuity, stability and capability to navigate complex challenges.

 

 

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Our mailing address is: [email protected]

 

Going Public? Avoid the Governance Pitfalls That Derail IPOs

Going Public? Avoid the Governance Pitfalls That Derail IPOs

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Strong governance drives IPO success
 

Your IPO Journey Demands Precision. Choose a Partner That Delivers It.

 

Weak corporate governance is one of the biggest reasons IPOs stall or fail. Investors and regulators are quick to spot the warning signs: opaque disclosures, passive boards, misaligned executive pay, and poor shareholder protections. These aren’t just technical oversights. They're strategic liabilities.

Whether you're preparing for an IPO, a transfer listing, or navigating the complexities of going public on Bursa Malaysia, SGX, or HKEX, you need more than regulatory compliance. You need control, credibility, and complete confidence in your governance framework.

 

That’s where BoardRoom comes in.

We’ve guided countless companies through successful IPOs and listing transfers across Malaysia, Singapore, and Hong Kong. Our integrated IPO and share registry teams deliver full-spectrum support with real advisory value.

We help you:
 

  • Strengthen board independence and governance structures
  • Align with the listing requirements of Bursa Malaysia, SGX, or HKEX
  • Enhance shareholder trust through transparent disclosures
  • Navigate cross-border and multi-market listing complexities with ease
 

We’ll make sure you are investor-ready, regulatory-compliant, and ready to scale for long-term growth.

Choose the IPO partner with the track record, regional expertise, and regulatory command to deliver with precision and confidence.

TALK TO OUR IPO EXPERTS
 
 

The OneBoardRoom Advantage

BoardRoom goes beyond IPOs. We offer a fully integrated suite of corporate services including Corporate Secretarial, Tax, Payroll, Accounting, Share Registry, Employee Share Plans, and Sustainability Advisory. With a single trusted partner supporting your growth in every market, you reduce complexity, strengthen compliance, and stay focused on what matters most: building your business.

From startup to scale, BoardRoom is with you every step of the way, ensuring continuity, stability and capability to navigate complex challenges.

 

 

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E-Invoicing, SEZ, SST and MITRS: Malaysia’s Tax Landscape Is Rapidly Evolving — Are You Ready?

E-Invoicing, SEZ, SST and MITRS: Malaysia’s Tax Landscape Is Rapidly Evolving — Are You Ready?

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Stay Informed with the Latest News in Tax
 

Plan for E-Invoicing, SEZ, SST and MITRS

 

Malaysia’s tax ecosystem is undergoing significant transformation. From the digitalisation of tax processes through e-Invoicing and the advancement of Special Economic Zones (SEZs), to the expansion of the Sales and Service Tax (SST) regime and the rollout of the Malaysian Income Tax Reporting System (MITRS) — businesses face rising compliance demands but also opportunities for strategic advantage.

In this increasingly complex environment, a reactive approach is no longer sufficient. Whether you’re a local player or operating cross-border, 2025 is the time to act decisively.

At BoardRoom, we help you:

  • Understand the latest tax and regulatory developments in Malaysia,
  • Assess what these changes mean for your business,
  • Adapt and grow with confidence through tailored compliance and advisory support.
 

E-Invoicing Deadline Revised — Time to Refocus and Prepare

The Inland Revenue Board of Malaysia (IRBM) has updated e-invoicing deadlines to offer businesses greater compliance flexibility:
 

  • RM1M–RM5M revenue: New deadline is 1 January 2026
  • RM500K–RM1M revenue: New deadline is 1 July 2026
  • Below RM500K: Now exempted (raised from RM150K threshold)


A six-month grace period follows each phase, allowing consolidated and self-billed e-invoices to ease transition. These changes give businesses across industries valuable time to update invoicing systems aligned with the IRB’s MyInvois platform.

At BoardRoom, we simplify e-invoicing adoption through a tailored, end-to-end approach including business impact analysis, system integration, user training, and ongoing post-implementation support. Our services extend to accounting outsourcing, tax advisory, and compliance consultancy — empowering your business to meet regulatory demands confidently and seamlessly.

If your company hasn’t integrated e-invoicing yet, now is the time to act.

 

Malaysia’s Expanded Sales and Service Tax (SST) Effective 1 July 2025 — Is Your Business Ready?

Malaysia is expanding SST coverage from 1 July 2025 to strengthen fiscal resources and support the MADANI framework.

Key updates include:
 

  • Sales Tax: Non-essential goods like king crab, salmon, imported fruits, industrial machinery, and antiques will be taxed at 5% or 10%. Essential goods such as rice, cooking oil, vegetables, and medicine remain zero-rated.
  • Service Tax: New taxable sectors include rental and leasing services (excluding residential and small operators), construction (excluding residential buildings), fee-based financial services, private healthcare and education for non-citizens, and beauty and wellness services from operators with revenue over RM500,000.
  • Compliance: Changes take effect 1 July 2025, with enforcement penalties deferred until 31 December 2025.


Businesses should review registration obligations, adjust pricing, and file bi-monthly returns via MySST.

BoardRoom offers expert guidance to simplify SST compliance. Contact us to assess your readiness for these new requirements.

 

Singapore–Malaysia Special Economic Zone (SEZ): Rethink Your Cross-Border Strategy

The Johor–Singapore Special Economic Zone is progressing, with plans to streamline customs processes, enhance cross-border mobility, and introduce business-friendly incentives. For companies operating across both countries, this is a strategic window to reassess tax structures, supply chains, and regional operations.

Getting ahead of these changes requires more than awareness — it demands coordinated expertise across jurisdictions.

With deep experience in both Malaysia and Singapore, BoardRoom is uniquely positioned to guide businesses through the evolving SEZ landscape with practical, tax-led strategies tailored to your cross-border goals.

Explore how your business can benefit and how BoardRoom can help you lead through change.

 

Malaysian Income Tax Reporting System (MITRS) — Access Now Live

The Malaysian Inland Revenue Board (IRB) officially launched the Malaysian Income Tax Reporting System (MITRS) on 1 April 2025. MITRS is a key milestone in the country’s move toward digital tax compliance and greater financial transparency for corporates.

To stay ahead, businesses must not only comply — they must strategise. At BoardRoom, we go beyond filing support — we deliver strategic tax solutions aligned to your growth goals:
 

  • Digital tax compliance
  • Cross-border structuring & advisory
  • Indirect tax and SST optimisation
 
 

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Our mailing address is: [email protected]

 

Key Takeaways from the 2025 SG & HK Tax Budgets and Malaysia’s E-Invoicing Extension for Businesses

Key Takeaways from the 2025 SG & HK Tax Budgets and Malaysia’s E-Invoicing Extension for Businesses

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BoardRoom’s Insights: Key Takeaways from the Latest Tax Budgets in Singapore & Hong Kong, and Malaysia’s E-Invoicing Extension for Businesses

Welcome to the latest edition of BoardRoom’s Asia Tax Insights. In this issue, we break down the key tax measures announced in the recent budgets for Singapore and Hong Kong, highlighting the crucial key changes businesses and individuals should be aware of.

Additionally, Malaysia’s Finance Minister II, Datuk Seri Amir Hamzah Azizan, has announced a 6-month extension for companies with annual turnovers below RM500,000 to comply with the upcoming e-invoicing requirements. Read on for the full details and what this means for your business.

 
 
 

Singapore

Recap of Singapore Budget 2025 Commentary 

The 2025 Budget, announced by Singapore’s Prime Minister and Minister of Finance, Mr Lawrence Wong, on 18 February 2025, introduces new tax measures that are aligned with the Forward Singapore agenda.

These measures encourage collaboration among businesses, individuals, and the government, to drive sustainable economic growth, whilst addressing current challenges and building a more inclusive, shared future.  

Read our report to discover more on:

  • Corporate Income Tax (CIT) rebate for new corporate listings and enhanced Concessionary Tax Rates (CTR) for fund manager listings
  • Tax deductions for payments under approved cost-sharing agreements for innovative activities
  • New CTR tiers under the Financial Sector Incentive (FSI) Scheme
  • Extensions of withholding tax exemptions for ship and container lease payments to non-resident lessors
  • GST remissions for Real Estate Investment Trusts (REITs) and Singapore-Listed Registered Business Trusts (RBTs)
  • Enhancements to the Personal Income Tax Rebate as part of the SG60 package, and more
     
 
 

Hong Kong

Summary of Hong Kong 2025-26 Budget

On 26 February 2025, Financial Secretary Paul Chan presented Hong Kong’s 2025-26 Budget, focusing on “Accelerating Development through Reform and Innovation". 

The budget outlines a fiscal consolidation plan to address a projected HK$87.2 billion deficit by 2028-29, and introduces tax measures to boost resilience, support new industries, and enhance competitiveness.

Our Hong Kong 2025-26 Budget Commentary analyses key tax measures such as:

  • Introducing Global Minimum Tax and expanding the tax treaty network
  • Enhancing additional profits tax relief and targeted incentives for maritime services, family offices and intellectual property transactions
  • Introducing one-off salaries tax relief
  • Reducing stamp duties and extending rates concessions for property-related transactions, and more
 
 
 

Malaysia

Companies in Malaysia Get a 6-Month E-Invoicing Extension

Malaysia’s Finance Minister II, Datuk Seri Amir Hamzah Azizan, has recently announced a 6-month extension for companies with annual revenue between RM150,000 and RM500,000 to comply with mandatory e-invoicing. The new deadline is set for 1 January 2026, providing over 240,000 companies additional time to prepare for the transition. 

Quick recap of e-invoicing implementation phases:

  • Phase 3 of e-invoicing implementation (for businesses with annual revenue exceeding RM500,000 and up to RM25 million) will start on 1 July 2025, following Phase 1 (for businesses with annual revenue exceeding RM100 million) and Phase 2 (for businesses with annual revenue exceeding RM25 million and up to RM100 million). Exemptions apply to businesses with annual revenue below RM150,000.
  • The new extension till 1 January 2026 addresses concerns about readiness of businesses with annual revenue below RM 500,001.
     
 
 

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Game-Changer: Stronger Economic Ties for Malaysia & Singapore with Special Economic Zone

Game-Changer: Stronger Economic Ties for Malaysia & Singapore with Special Economic Zone

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Game-Changer: Stronger Economic Ties for Malaysia & Singapore with Special Economic Zone

Welcome to the Year of the Snake, a year that symbolises dynamic transformation, adaptability and strategic growth. We look forward to working closely with you to navigate the evolving economic landscape and embrace the innovative advancements in the Year of Snake!

We’re happy to kick off 2025 with the first issue of Asia Tax Insights featuring a transformative economic opportunity: the Johor-Singapore Special Economic Zone (JS-SEZ).

This game-changing initiative elevates economic connectivity between Malaysia and Singapore, opening the door to fresh possibilities in cross-border trade, investment, and innovation. With its robust tax incentives, cutting-edge infrastructure, and strengthened collaboration between the two nations, the JS-SEZ is poised to become a dynamic engine for economic growth in Southeast Asia.

Take an in-depth look at the establishment of the JS-SEZ to uncover its vast potential benefits for businesses and how it can provide a road map for companies to seize this exciting opportunity across Malaysia, Singapore, and beyond – all this and more in our report.

 
DOWNLOAD REPORT
 

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Navigating Tax & Accounting Changes with Confidence: Reflecting on 2024 & Preparing for 2025

Navigating Tax & Accounting Changes with Confidence: Reflecting on 2024 & Preparing for 2025

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Navigating Tax & Accounting Changes with Confidence: Reflecting on 2024 & Preparing for 2025

As we approach the festive season and the end of a dynamic 2024, we are pleased to share our year-end newsletter that highlights key tax and accounting developments from 2024, while providing practical insights to help businesses navigate the evolving landscape in 2025 with confidence. From global tax reforms to digital compliance initiatives, the past year has been marked by significant shifts, presenting both challenges and opportunities.

The key Tax and Accounting highlights include:

  • Adhering to OECD Pillar Two and updated transfer pricing guidelines
  • Navigating global VAT compliance and maximising tax credits
  • Embracing automation in accounting for efficiency and accuracy
  • Preparing for year-end audits and ensuring XBRL compliance


As we enter the festive season, we would like to take this opportunity to wish you a Merry Christmas and a Happy New Year. May the year ahead bring you growth, success and the confidence to navigate the opportunities and challenges 2025 holds.

 
DOWNLOAD REPORT
 

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Unlocking Innovation: Maximising Tax Deductions Through The EIS

Unlocking Innovation: Maximising Tax Deductions Through The EIS

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Unlocking Innovation: Maximising Tax Deductions Through The Enterprise Innovation Scheme (EIS)

Welcome to another Issue of BoardRoom's Asia Tax Insights!

In today's fast-paced business environment, organisations are constantly seeking new ways to drive innovation while reducing their tax liabilities. The Enterprise Innovation Scheme (EIS), effective from YA 2024 to YA 2028, is designed to help with just that incentivise businesses in Singapore to invest in research, development, and capability-building activities through enhanced tax deductions.

If you need a little hand with the process, BoardRoom, in partnership with FI Group, is here to guide you through the EIS application. From identifying eligible expenses to managing the entire submission process, our expert team ensures compliance while helping you maximise tax savings. 

Free up your internal resources, focus on business growth, and let us handle the complexities.

Read our report to learn how you can fully benefit from the EIS and drive innovation in your business.

 
DISCOVER THE BENEFITS
 

 
 
 

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The Digital Revolution of Invoicing: Unlocking Business Potential in APAC

The Digital Revolution of Invoicing: Unlocking Business Potential in APAC

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The Digital Revolution of Invoicing: Unlocking Business Potential in APAC

Welcome to the August Issue of BoardRoom's Asia Tax Insights!

As the digitalisation of tax compliance gains momentum, we take a deep dive into the evolution of e-Invoicing and its impact on businesses across China, Malaysia and Singapore.

In this edition, we present the details of e-invoicing implementation in these key markets, offering insights on how businesses can effectively prepare for this transition. We also discussed the opportunities that this digital shift presents, enabling businesses to streamline their operations and enhance efficiency.

 
 
 
 

 
 
 

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Tax Strategies for Every Stage: Navigating the Business Lifecycle from Inception to Growth and Exit

Tax Strategies for Every Stage: Navigating the Business Lifecycle from Inception to Growth and Exit

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Tax Strategies for Every Stage: Navigating the Business Lifecycle from Inception to Growth and Exit

Welcome to this month's Asia Tax Insights. In this issue, we explore key tax strategies for each stage of the business cycle, i.e. from setting up an optimal tax structure at inception to leveraging tax incentives for growth and planning for a tax-efficient exit. We hope you find this edition both informative and practical as you steer your business through its various business cycles. 

To learn how strategic tax planning can propel your business forward, download our comprehensive report and discover how efficient tax planning can help enhance your business growth and profitability.

DOWNLOAD REPORT
 

 
 
 

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