If the company has been established in Singapore for more than one year, the annual review should be carried out on time. Commonly known as annual audit, accounting and tax declaration of private limited companies only need to be carried out once a year instead of monthly accounting. The annual general meeting of shareholders (AGM) shall be held within 18 months after the registration of the new company, and the annual accounting statement and financial report shall be submitted to the registration office (AR) and the tax declaration shall be made to the tax bureau at the same time. This series of work shall be carried out once in each financial year.

 

Singapore does not stipulate that the company's financial year must be at a specific time, so the company has the right to choose its own financial year freely. Generally, at the time of the first annual review, the company determines the time of the relevant financial year with the accounting company. Generally, the longest of the first financial year is not more than 18 months, and the financial year can be changed after declaration.

 

What materials are required to be submitted for the annual review of Singapore companies

 

1. One copy of the company's establishment document;

 

2. Company expenditure sheet;

 

3. Corporate income statement;

 

4. Cash bill;

 

5. Monthly bank statement;

 

6. Employee salary annual statement.