Companies qualify to file for Form C-S if all of the following conditions are met:
- The company must be incorporated in Singapore;
- The company should have an annual revenue* of S$ 5 million or less;
- The company only generates income taxable at the current corporate tax rate of 17% %**;
- The company is not claiming any of the following in the Year of Assessment:
- Carry-back of current year capital allowances / losses;
- Group relief;
- Investment allowance;
- Foreign tax credit and tax deducted at source
