More than 300,000 companies must file taxes by Nov 30 or face fines

Iras will offer support to over 37,000 businesses that will be filing returns for the first time

- Annabelle Liang Correspondent

More than 300,000 companies are expected to file their corporate income taxes for the 2025 year of assessment by Nov 30, says the Inland Revenue Authority of Singapore (Iras).

It recommends that companies begin their preparations immediately, unless waivers have been granted, with less than two months to the deadline.

“Directors are reminded that they are responsible for accurate and on-time filing of their companies’ corporate income tax returns,” the authority said.

It added that it will offer support to over 37,000 businesses that will be filing taxes for the first time.

This includes webinars covering the entire tax-filing process, including record-keeping obligations, tax computation preparation, income tax return filing and post-filing obligations.