ACRA Deferment of 2-tier Penalty Framework

Updates: Deferment of 2-tier Penalty Framework (ACRA)

The implementation of ACRA’s 2-tier penalty framework for filing of annual returns and annual declarations by Singapore incorporated companies, Variable Capital Companies (VCCs) and Limited Liability Partnerships (LLPs) has been put on hold to allow more time for transition.

Noting the deferment, the current penalty framework will continue to apply for the filing of lodgements. More information can be found on ACRA’s website.

Source: ACRA