In Singapore, the Singapore Companies Act mandates that each company must comply with the annual filing

requirements to the Accounting and Corporate Regulatory Authority (ACRA) and the
Inland Revenue Authority of Singapore (IRAS) to avoid penalties and legal repercussions.
        Proposed Rates
Violation Legal Basis Specific Bracket First Offense Second Offense Third Fourth Fifth
Provision/Section Offense Offense Offense
2. Non-Filing of Reportorial Requirement; RCC Sections 129, 158 and   additional P500/monthly for failure to submit the
(General Information Sheet; Audited 177 of the RCC continuing violation; a fraction of additional 20% reportorial requirements
Financial Statements; etc.) a month shall be considered as of the basic three (3) times,
one whole month penalty for each consecutively or
subsequent intermittently, within a
violation so on period of 5 years, SEC may
and so forth declare the corporation
under deliquent status
2.B FOREIGN CORPORATION                
2.b.2 Non-stock corporation (Branch,     With Accumulated Income  
Representative Office, RHQ) (AI)        
      Php0 to P100,000 P10,000 basic penalty 12,000 14,000 16,000 18,000
      P100,001 - P500,000 P15,000 basic penalty 18,000 21,000 24,000 27,000
      P500,001 - P5,000,000 P20,000 basic penalty 24,000 28,000 32,000 36,000
      P5,000,001 - P10,000,000 P25,000 basic penalty 30,000 35,000 40,000 45,000
      above P10,000,000 P30,000 basic penalty 36,000 42,000 48,000 54,000