Singapore E-Filing Tax Compliance Burden Reduction is ‘Timely’

Singapore’s new corporate tax e-filing system, introduced to reduce the burden of tax compliance, is a welcome addition during the pandemic, experts in the field say.

The new Form C-S (Lite) means that smaller companies—including those that are part of multinational groups—need provide details on just six essential fields, a two-thirds reduction from the standard C-S form.

“The new system is very timely and I expect it will be welcomed by business especially during the Covid-19 period,” Eugene Lim, co-founder and principal at Taxise Asia LLC in Singapore said by email. The measures should help with some cost ...