Penalties for late filing
Will I face a penalty for late filing, and can I get an extension?
ACRA/IRAS penalties apply once a filing dateline passes (amounts vary by lateness and filing type). Extensions can sometimes be requested before the deadline (e.g. ACRA allows a 60 day extension for a fee). Flag as early as possible so we can apply before the cut-off. For corporate tax, there is no usually no immediate penalty (uncless frequently late), and IRAS will usually send reminders then estimated notice of assessment where clients have to pay first before filing the revise and then followed by penalty. There is no extension of corporate income tax..
