In response to the Covid-19 pandemic, for this group of companies which faced genuine difficulties in preparing and e-Filing the YA 2020 Corporate Income Tax (CIT) Returns due to the COVID-19 situation, the IRAS would grant them a 1-month extension till 15 Jan 2021 to e-File the YA 2020 CIT Returns, provided that the companies had submitted the “Request for Filing Extension for YA 2020 Corporate Income Tax Return” form by 27 Nov 2020.
The IRAS has also extended the deadline for completing transfer pricing (TP) documentation to 15 January 2021 only for companies that have been granted an extension on filing CIT return for the assessment year 2020.
