May 5th is the start of the corporate income tax filing season in Singapore.
Singapore companies should submit their reports to the local tax authority, IRAS, by the 30th of November, 2025.
The reporting period is the financial year that ended on any day in the preceding year 2024.
That's where magic begins:
Singapore companies have the option to choose the date of the end of their financial year.
Normally, it ends in the month that precedes the month of incorporation, e.g. for the companies incorporated in May financial year will end on the 30th of April next year.
That means their first corporate income tax report is due two to three years after incorporation.
This is the best option compared with other countries, especially for small businesses whose resources are limited and reporting obligations are similar to large enterprises.
It's a little-known aspect, but it's very helpful for startup founders and small business owners.
And, of course, with our Savvy Team's support, you get things done with zero effort from your side.
