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It covers when audit exemptions apply under the Companies Act 1967, criteria for “small company” and “small group” qualifications, and requirements for unaudited financial statements. It also outlines key eligibility conditions for the Tax Exemption Scheme for New Start-Up Companies (SUTE).",{"@graph":63,"@context":122},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/essential-information-to-note-before-completing-form-c/304156/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/essential-information-to-note-before-completing-form-c/304156.png","ImageObject",442,249,{"name":88,"@type":89},"Theodora","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-28","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":73},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114,118],{"name":105,"@type":106,"acceptedAnswer":107},"Who can review the company’s Income Tax Return for Form C?","Question",{"text":108,"@type":109},"A review must be performed by a Singapore Chartered Tax Professionals Limited (SCTP) accredited tax advisor, accredited tax practitioner, or accredited tax practitioner (Provisional) for Income Tax, or another eligible tax professional role described in the guidance.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"When are financial statements exempt from audit under Section 205C of the Companies Act 1967?",{"text":113,"@type":109},"Dormant companies and companies meeting the “small company” criteria are not required to have financial statements audited. Small-group qualifications also apply for groups seeking audit exemption.",{"name":115,"@type":106,"acceptedAnswer":116},"What documents and statements must be filed when the company has unaudited financial statements?",{"text":117,"@type":109},"Unaudited financial statements, including Notes to the Financial Statements, must comply with the Companies Act 1967 and be accompanied by the Statement by Directors.",{"name":119,"@type":106,"acceptedAnswer":120},"What are the key conditions to qualify for the SUTE (Tax Exemption Scheme for New Start-Up Companies)?",{"text":121,"@type":109},"The company must be incorporated in Singapore, be tax resident in Singapore for the relevant YA, and meet shareholder share-capital holding limits based on individuals (with additional rules for companies limited by guarantee).","https://schema.org",{"og:url":78,"og:type":124,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":126,"canonical":78},"index,follow",{"doc_id":128,"site_id":56},304156,1790583447,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":88,"user_avatar":133,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":73,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":15,"language":139,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":61,"update_tm":143,"read_time":79},687197207919,"https://ap-avatar.wpscdn.com/avatar/a000253d6f5f7c60be?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779446848396160552","| Essential information to note before completing Form C |\n| --- |\n| Please refer to IRAS’ website ([www.iras.gov.sg](www.iras.gov.sg) for Guidance on Filing Form C-S/ Form C-S (Lite)/ Form C under Home > Taxes > Corporate)[) for](www.iras.gov.sg) for Guidance on Filing Form C-S/ Form C-S (Lite)/ Form C under Home > Taxes > Corporate)[ Guidance on Filing Form C-S/ Form C-S (Lite)/ Form C](www.iras.gov.sg) for Guidance on Filing Form C-S/ Form C-S (Lite)/ Form C under Home > Taxes > Corporate)[ under](www.iras.gov.sg) for Guidance on Filing Form C-S/ Form C-S (Lite)/ Form C under Home > Taxes > Corporate)[ ](www.iras.gov.sg) for Guidance on Filing Form C-S/ Form C-S (Lite)/ Form C under Home > Taxes > Corporate)[Home > Taxes > Corporate](www.iras.gov.sg) for Guidance on Filing Form C-S/ Form C-S (Lite)/ Form C under Home > Taxes > Corporate)[ ](www.iras.gov.sg) for Guidance on Filing Form C-S/ Form C-S (Lite)/ Form C under Home > Taxes > Corporate)[Income Tax](Income Tax) > Form C-S/Form C-S (Lite)/ Form C Filing > Guidance on Filing Form C-S/ Form C-S (Lite)/ Form C for information on:\u003Cbr>o How to File Form C\u003Cbr>o Documents to be submitted with Form C\u003Cbr>o Documents to be retained and submitted to IRAS upon request |\n\n\n| Quick links to explanatory notes for Main Form Pages |  |  |\n| --- | --- | --- |\n| General Info | Assessment 1 | Assessment 2 |\n| Additional Info | Group Relief | Related Party Transactions |\n\n\n| General Info |\n| --- |\n| The return has been reviewed by a person who is a Singapore Chartered Tax Professionals Limited (SCTP) Accredited Tax Advisor, Accredited Tax Practitioner or Accredited Tax Practitioner (Provisional) for Income Tax. |\n| The SCTP is the accreditation body for tax professionals in Singapore.\u003Cbr>o A reviewer can include a tax agent, or an in-house tax professional. For example:\u003Cbr>• A tax agent’s staff prepares the Company’s Income Tax Return based on the information provided and representation made by the Company, of which the corporate income tax treatment in the Return is reviewed by the tax manager of the tax agent firm. Thereafter, the Company’s Director endorses the reviewed Return and submits it to IRAS. In this case, the reviewer is the tax manager, as the person’s role is to review the Return before submission.\u003Cbr>• A Company’s accounts officer prepares and completes the Corporate Income Tax Return. The Return is submitted to the Director of the Company, who reviews the corporate income tax treatment in the Return and approves the submission of the Return to IRAS. In this case, the reviewer is the Director of the Company.\u003Cbr>o If the reviewer is a SCTP Accredited Tax Advisor, Accredited Tax Practitioner or Accredited Tax Practitioner (Provisional) for Income Tax, please obtain the reviewer’s SCTP membership number to complete this field.\u003Cbr>o Where there are multiple accredited reviewers, please provide the details (name and membership number) of any one reviewer. This information provided in this field will be used by IRAS for profiling purpose to better understand our taxpayers. |\n| Does the company meet the criteria in Section 205C of the Companies Act 1967 which exempts its financial statements from being audited? |\n| Under the Companies Act 1967 , the following companies are not required to have their financial statements audited:\u003Cbr>o Dormant companies (i.e. companies that do not have accounting transactions or business activities)\u003Cbr>o Companies that meet the “small company” criteria*\u003Cbr>* A company qualifies as a “small company” if:\u003Cbr>• it is a private company for the relevant financial period (i.e. it is owned by 50 members or less); and\u003Cbr>• it meets at least 2 of the following 3 quantitative criteria for the immediate past two financial periods:\u003Cbr>a) total annual revenue not more than $10 million\u003Cbr>b) total assets not more than $10 million\u003Cbr>c) number of employees not more than 50\u003Cbr>For a company which is part of a group to qualify for audit exemption:\u003Cbr>a) the company m","cbCaikrMlYIa69cm","https://ap.wps.com/l/cbCaikrMlYIa69cm","pdf",422043,"English","# Essential information to note before completing Form C\n## Quick links to explanatory notes for Main Form Pages\n## General Info\n## Audit exemption under the Companies Act 1967\n## Type of financial statements submitted\n## Tax Exemption Scheme for New Start-Up Companies (SUTE)","[{\"question\":\"Who can review the company’s Income Tax Return for Form C?\",\"answer\":\"A review must be performed by a Singapore Chartered Tax Professionals Limited (SCTP) accredited tax advisor, accredited tax practitioner, or accredited tax practitioner (Provisional) for Income Tax, or another eligible tax professional role described in the guidance.\"},{\"question\":\"When are financial statements exempt from audit under Section 205C of the Companies Act 1967?\",\"answer\":\"Dormant companies and companies meeting the “small company” criteria are not required to have financial statements audited. Small-group qualifications also apply for groups seeking audit exemption.\"},{\"question\":\"What documents and statements must be filed when the company has unaudited financial statements?\",\"answer\":\"Unaudited financial statements, including Notes to the Financial Statements, must comply with the Companies Act 1967 and be accompanied by the Statement by Directors.\"},{\"question\":\"What are the key conditions to qualify for the SUTE (Tax Exemption Scheme for New Start-Up Companies)?\",\"answer\":\"The company must be incorporated in Singapore, be tax resident in Singapore for the relevant YA, and meet shareholder share-capital holding limits based on individuals (with additional rules for companies limited by guarantee).\"}]","Essential information to note before completing Form C | PDF",1789810609]