Book-keeping & Accounting
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Singapore Financial Statement Requirements    

· The company's fiscal year/accounting year end date:must be strictly adhered to and cannot be delayed. The financial statement cycle of Singapore companies is 12 months. The accounting period for a newly established company shall not be less than 6 months, but shall not exceed 18 months.


· Financial statement requirements:Financial statements must be prepared in English and comply with Singapore Financial Reporting Standards (FRS). If a company does not meet mandatory audit requirements, a director's report is required.


· Frequency of accounting:The corporate tax obligations are determined based on the actual business transaction volume of the enterprise. However, it is essential to prepare annual statements or audit reports before the Annual General Meeting (AGM) each year to comply with the government’s annual inspection declaration requirements. 


If you need accounting support, the following information would be required accordingly:

· Bank statements, specific sales transaction documents and expense invoices;

· Employee salary records, Central Provident Fund (CPF) details and rental fee records;

· Merchandise inventory records, if applicable;

· Invoices, agreements and contracts related to other company operations.


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