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Annual Returns and Corporate Tax Form C-S
In line with the Smart Nation initiative to help SMEs stay relevant and competitive, Account and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS) have partnered accounting software providers to co-create a new digital solution that allows SMEs to automate the preparation and filing of statutory filings with ACRA and IRAS seamlessly. Realtimme Cloud is one of the 5 partners.
The seamless filing solution incorporates the requirements for filing tax and annual returns into the accounting software, allowing companies to record their operating transactions and generate the required statutory filings using the accounting software. The software is linked to ACRA and IRAS via Application Programming Interfaces (APIs), which enables companies to file their statutory filings without the need to log in to ACRA and IRAS portals.
IRAS and the Accounting and Corporate Regulatory Authority (ACRA) have co-created a digital solution that allows companies to automate the preparation and filing of Form C-S and Annual Return to IRAS and ACRA respectively via accounting software. The digital solution leverages on Application Programming Interface (API) to simplify the tax filing process for companies and reduces their risk of making errors.