TaxSavvySG

Late annual return

We missed the AR deadline. What happens?

The situation

Late filing attracts a late lodgement penalty and possible prosecution of directors.

The law

  • Sec 197, Companies Act 1967: Annual return filed within 7 months after financial year end

What it means for you

Penalties rise the longer it is late. Repeated failures can lead to director disqualification. File as soon as accounts are ready and pay the penalty.

What to do

  1. File the AR now.
  2. Pay the penalty.
  3. Check other overdue filings.
  4. Set reminders.

We can do this for youAGM and annual return filing: SGD 700

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