On or about 7 February 2020, the Inland Revenue Authority of Singapore (IRAS) updates information on “bulk extension for filing of individual income tax returns for YA 2020”.
The IRAS will allow one common bulk extension on 30 June 2020 for all tax agents to file clients’ individual income tax returns for Year of Assessment (YA) 2020. Tax agents are advised to plan accordingly to meet this extended due date as no further extension would be granted.
Tax agents looking to request for bulk extension are to email the list of their clients to IRAS between 7 February and 31 March 2020.
It is also to be noted that if the returns are not received by 30 June 2020, estimated assessments will be issued and penalties will also be imposed for late filing.
The IRAS will not accept photocopied or scanned copies of tax returns and the tax return should be a statutory declaration which has the original signature of the taxpayer.
The IRAS has also provided information on “Not Ordinarily Resident” (NOR) Scheme Applications. All NOR applications are also to be submitted together with the tax returns by 30 June 2020 and late applications will not be accepted.
Source: IRAS website, 7 February 2020