Singapore Publishes New Guidance on Corporate Income Tax Filing Season 2021

The Inland Revenue Authority of Singapore has published new guidance on the Corporate Income Tax Filing Season 2021, which includes sections on:

• Filing of the Corporate Income Tax Return;
• Preparing a Tax Computation;
• Filing Status;
• Tax Bill; and
• Tax Assistance.

The guidance also notes key changes for 2021, including that to continue providing support:

• Companies are given the option to claim the Renovation & Refurbishment (R&R) deduction in one Year of Assessment (YA) (i.e., acce…