Friday, September 29, 2017

Excessive penalty imposed by ACRA

This is a message for the wonderful people in ACRA.

They did not send me a reminder to file my ACRA return.

I filed the return today and get fined $300 for filing the return late, in addition to the filing fee of $60.

They seem to think that business owners have nothing to do, except to comply with their filing requirements. They do not seem to think that a reminder is necessary.

Their penalty is excessive. No wonder ACRA makes a profit in their operations.
https://www.acra.gov.sg/resources/annualreports/2015-2016/pdf/Financial-Highlights.pdf




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