Financial Statements

Annual Tax Compilation & Filing From S$360

Every company incorporated in Singapore is required by the Companies Act (Cap.50) to prepare and submit Financial Statements in compliance with the Singapore Financial Reporting Standards (SFRS).

These statements present a business entity’s financial position and performance to different stakeholders during the mandatory Annual General Meeting. Financial Statements are also required for annual corporate tax submission to IRAS, as well as Annual Return filing to ACRA.

Financial Statements include:

  • Directors’ Report
  • Statement by Directors
  • Statement by Auditors (for audited accounts only)
  • Statement of Financial Position (Balance Sheet)
  • Statement of Profit and Loss
  • Statement of Equity
  • Statement of Cashflow
  • Notes to Financial Statements (Disclosure notes)

Audited/ Unaudited Financial Statements

A company that meets at least 2 of the following “small company” criteria does not need to submit audited Financial Statements:

(i) total annual revenue ≤ $10m;

(ii) total assets ≤ $10m;

(iii) no. of employees ≤ 50.

 

Preparatory Information:

  • Finalized General Ledger and Management Accounts (current year)
  • Corporate Tax transactions (current year)
  • Financial Statements (prior year)
  • Fixed Asset Listing
  • Other supporting information required

Need advice or assistance on preparing your company’s Financial Statements and other Annual Compliance items?

Annual Compliance & Tax Filing

Enquire With Us Today

No Obligations,
Professional Advice

Find Out More

VentureHaven is everything you need for your Corporate Compliance and Accounting needs!

Find Out More about Annual ACRA / IRAS Compliance in Singapore

WhatsApp WhatsApp Us Now