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14.3. Calendar of Important Compliance Events

Tax Year

The tax year is the calendar year ending on 31 December.

Tax Return Filing

The due date for filing tax returns is 30 June following the end of the relevant tax year. Extensions may be granted.

Tax Payments

Advance tax on the estimated chargeable income is paid within 3 months from the end of the relevant financial year. Tax due on income tax return is payable on or before 30 June.

Tax due on any additional assessment raised by the Revenue Department is required to be paid within 30 days of service of notice of assessment.

COVID-19 Emergency Measures

In response to the COVID-19 pandemic, taxpayers in impacted sectors can avail a 50% discount on the corporate tax payable for the fiscal year 2021, provided that the tax returns are filed within the due date.

Availability of E-Filing

Tax Returns are required to be filed electronically on an online portal called STARS.