SINGAPORE COMPANY YEAR-END, EXPLAINED

Does a Singapore company need financial statements?

Most Singapore-incorporated companies must prepare financial statements. ACRA identifies an exception for dormant relevant companies that meet specific conditions. Preparing statements, having them audited and filing them with ACRA are separate questions; the answer for your company depends on its facts.

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THE STARTING POINT

What the statements are for.

Financial statements report a company’s financial performance and position for a financial year. Directors are responsible for presenting statements that comply with the prescribed accounting standards and give a true and fair view. They remain responsible even when a service provider helps prepare them.

The exact statements and disclosures depend on the applicable accounting standards and the company’s circumstances. Good bookkeeping and supporting records make preparation and review possible. See the first records to gather before starting an enquiry.

PREPARE, AUDIT, FILE

The requirements are different.

1. Prepare

ACRA says Singapore-incorporated companies prepare financial statements unless they qualify as dormant relevant companies under the stated conditions.

2. Audit

An audit is a separate requirement. ACRA says an audit-exempt company can present unaudited financial statements. The exemption criteria require a company-specific check.

3. File with ACRA

Some companies are exempt from filing their statements with ACRA. If filing is required, the format and attachments depend on the company’s type and circumstances.

Do not assume “unaudited” means no statements are needed, or that a filing exemption removes the preparation duty. Check ACRA’s current requirements ↗

THE TAX CONNECTION

How the statements support corporate tax.

The accounting result in the statements is a starting point for the company’s tax computation, which explains tax adjustments before the corporate income tax return is prepared. IRAS says companies filing Form C-S or Form C-S (Lite) prepare their statements and computation and retain them for request; Form C has different attachment requirements.

The correct tax form, audit position and ACRA filing position must each be checked against the company’s facts. This guide does not decide those matters for any particular company.

YEAR-END HELP

Start with the records you have.

Stars Bridge’s financial statements and corporate tax package covers preparation of unaudited financial statements and the related tax work for companies that fit its scope. Audit, bookkeeping and other work are quoted separately. We review your records and confirm scope, fee and timing before work begins.

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Official guidance

Last reviewed against these official sources: 29 September 2026. Requirements can change and depend on the company’s facts.