In brief: Two additional benefits for adopting #SeamlessFilingFromSoftware
Companies and tax agents who adopt #SeamlessFilingFromSoftware (#SFFS) will enjoy two additional benefits for the Year of Assessment (YA) 2023 to YA 2025:
Benefit 1: Automatic 15-days’ extension of filing due date
Enjoy an extra 15 days to file Form C-S when you use #SFFS. IRAS will automatically extend the Corporate Income Tax filing due date by 15 days (i.e. from 30 Nov to 15 Dec) for YA 2023 to YA 2025 Form C-S filed through #SFFS. Companies and tax agents do not need to separately request for the extension.
Benefit 2: Waiver of penalties for errors made in the return due to unfamiliarity with the use of software
As for any new technology, it takes time for companies and tax agents to get used to #SFFS. IRAS will waive* penalties for errors made due to unfamiliarity with the use of the software for YA 2023 to YA 2025 Form C-S filed through #SFFS.
Other similar benefits will also be available for the adoption of seamless filing for Goods & Services Tax (GST) returns, Auto-Inclusion Scheme (AIS) submissions, and Tax Clearance for Foreign & Singapore Permanent Resident Employees (IR21) due from 1 Jan 2023 to 31 Dec 2025.
* The waiver does not apply to errors made without reasonable excuse, through negligence, or with wilful intent to evade tax.