Filing of Annual Return With ACRA

Requirement to convene AGM before filing Annual Return

Every company need to convene an Annual General Meeting (AGM) a least once in a year. For a newly incorporated company, you have to convene an AGM within 18 months of the date of incorporation. subsequently, you have 15 months after your last AGM or 6 months from the date of your financial year to convene an AGM. Thereafter, you have 30 days to file the annual return and the financial statement, if applicable with ACRA.

Whether need to file financial statement with ACRA

If your company is an exempt private company and the company is solvent, then you need not file the financial statement with ACRA. Please note that if your company had turnover of over S$5 million, the financial statement must be audited. Companies with turnover of less than S$5 million are not required to have their accounts audited. Please refer to our article on audit exemption.

Filing financial statements in XBRL

If your company is required to file the financial statementsin addition to the annual return, ACRA required the submision to be in XBRL. The FS Manager for preparing the accounts in XBRL is available at www.bizfile.gov.sg.

There are 2 options for XBRL

1. Full XBRL - the full financial statement
2. Partial XBRL - only the balance sheet and income statement and a PDF copy of the financial statement

Please contact us at (65) 6220 9303 or email us at agenquiry@a-gcorporate.com or use our enquiry form if you have any queries on filing your annual return and accounts. 

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