According to information published on the official website of the Tax Service of Singapore

(Inland Revenue Authority of Singapore IRAS), now all companies, regardless of the level of

annual income, can file tax reporting electronically.

The possibility of filing electronically simplified Form C-S was introduced in 2012 for small

companies. The results of this practice have been encouraging. IRAS therefore decided to allow

electronic filing of Form C-S for all companies. Thus, companies whose turnover is above $ 1

million, now have the right to submit reports electronically.

Due to filing Form C-S electronically companies can switch to paperless tax issues, as they can

now use a full set of electronic services including filing a tax report for goods and services,

Declaration of corporate income tax or withholding tax. This will enable companies to reduce

costs and increase the productivity of office.

Since 2012, more and more small businesses prefer to take Form C-S electronically; an increase

over the last year is 10%. IRAS expects that after the resolution to fill form online, the growing

number of companies who will give tax reporting via online service will be much larger.

Submission Form C-S electronically allowed tax agents to submit reports at any time and in any

place with Internet access. Online Form CS requires a minimum of knowledge and training.

Most often, this method of filing tax returns can reduce the time it takes employees to update

basic information. No need to bring to the tax authority a paper copy of Form. With the ability to

conduct electronic format files, you can make adjustments and modify the document at any time.

According to IRAS, filing of Form C in electronic form - is an opportunity to do more in less

time.

Companies and tax agents who give form electronically, noted a reduction in the cost of printing

forms and couriers fees, therefore, saving the budget.

In addition to the benefits of putting Form C-S include the following:

- When submitting forms online period shall be extended until 15 December, paper form should

be given to the Tax Authority of Singapore before November 30.

- When filling out the online form, you can use the built-in formulas, auto-complete feature of

some fields, as well as the function of assessment of tax payable by the company.

- The project of forms is retained until December 15, until you do pass it to the IRAS.

- With successful completion of Form C-S users of online services are instantly informed.

For more information about the service provided visit official website of the IRAS.

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