Late Form C-S

The situation

Late filing can bring penalties and estimated assessments.

The law

• Sec 62, Income Tax Act 1947: Every company and individual files an income tax return when required by IRAS

What it means for you

File at once. IRAS may compound. Repeated failure can lead to court. Estimated assessments must be paid even if disputed, and filing the return replaces them. Repeated late filing can lead to court summons for directors.

What to do

1. File now.
2. Pay any penalty.
3. Fix process.
4. Set reminders.

Related

• Start-up exemption third year
• Non-deductible expenses
• YA 2026 rebate
• Losses carried forward
• Form C-S deadline
• Cash grant eligibility