What is the difference between Form C-S, Form C-S (Lite) and Form C?

Form C-S is for companies that:

• Are incorporated in Singapore;
• Have an annual revenue of $5 million or below;
• Derive income taxable at the prevailing Corporate Income Tax rate of 17%; and
• Are not claiming the following:
  • Carry-back of Current Year Capital Allowances/ Losses
  • Group Relief
  • Investment Allowance
  • Foreign Tax Credit and Tax Deducted at Source

Form C-S (Lite) is for companies that qualify to file Form C-S and have annual revenue of $200,000 or below.

Form C is for companies that do not qualify to file Form C-S or Form C-S (Lite). Financial statements, tax computations and supporting schedules must be filed together with Form C.