SE Lai CK Alerts #03-2015 (Filing Program for ITRFs in the Year 2015

Major change in YA 2014

1. Business entities that are dormant and/or have not commenced business are required to submit the following wef from YA 2014
   • Form E – Remuneration for the Year 2014 for ALL business entities
   • Relevant return forms for companies/ LLP / Trust Bodies / Co-operative Societies
2. Please see the respective sections below for further details and submission deadlines

Return forms

Due date

Grace Period *

Important Note

Form E

Remuneration for 2014

[Para 3 FP]

31 Mar 2015

E-filing

Within 1 month of due date

Postal submission

Within 3 days of due date

Form E filings are required for all companies, LLPs, Trust Bodies and Co-operative Societies, including those which are dormant and/or have not commenced business

Personal and Other

Non-Corporate

Tax Returns

Forms BE, B, BT, M, MT,

P, TP, TJ, TF

[Para 1 FP]

No business income

30 Apr 2015

With business income

30 June 2015

E-filing

Within 15 days of due date

Postal submission

Within 3 days of due date

N/A

Companies

• YA 2014

Forms e-C & e-R

(Where due date falls in the calendar year 2015)

• YA 2015

Form e-C

[Para 2 FP]

Within 7 months from the date of the financial year-end

E-filing

Within 1 month of due date

• Paper returns (by post or by hand) are NOT allowed. Only electronic submission (e-filing) are allowed.
• Tax return filings are required for all companies, including those which are dormant and/or have not commenced business.
  • Companies which have not commenced operation need not furnish Form CP204.
  • Companies which own shares, real properties, fixed deposits and other similar investments are not considered as dormant.

LLP / Trust Bodies /

Co-operative Societies

Forms C1, PT, TA,

TC, TR, TN

[Para 2 FP]

Within 7 months from the date of the financial year-end

Postal submission

Within 3 days of due date

• Electronic submission (e-filing) facility is not available.
• Tax return filings are required for all LLP / Trust Bodies / Co-operative Societies, including those which are dormant and/or have not commenced business
  • LLP, trust bodies and cooperative societies which have not commenced operation need not furnish Form CP204.
  • LLP, trust bodies and cooperative societies which own shares, real properties, fixed deposits and other similar investments are not considered as dormant.

Note:

(*)    1. Grace period granted also applies to payment of balance of tax

       2. No grace period are granted for manual submissions (where allowed)