ACRA’s 2-tier penalty framework for the late filing of annual lodgments by Singapore-incorporated companies, Variable Capital Companies (VCCs) and Limited Liability Partnerships (LLPs) will take effect from 14 January 2022. First announced in December 2020, the 2-tier penalty framework was put on hold in April 2021 to provide businesses with more time for transition. All entities… Continue reading Updates: Implementation of 2-tier Penalty Framework for Annual Lodgment (ACRA)
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