Simplified Two-Tier Penalty Framework For Ad Hoc Lodgements To Take Effect From 9 December 2024

File your statutory lodgements and renew your business registration on Time. effect from 9 December 2024, ACRA will adopt the 2-tier penalty framework for ad hoc lodgements for all entity types.

Under the 2-tier penalty framework, the penalty for late filing will be $50 within the first 3 months after the due date, or $200 if the lodgement is filed more than 3 months after the filing due date. The current 2-tier penalty framework for late annual lodgements remains unchanged.

To avoid incurring a higher penalty, or any other enforcement actions by ACRA, be sure to contact us immediately if you have any late lodgement that requires our assistance HERE.

For more information, please refer to ACRA website:
https://www.acra.gov.sg/announcements/file-your-statutory-lodgements-and-renew-your-business-registration-on-time