Please refer to the table below:
Late Lodgement Penalty for Ad hoc Filings | ||
Entity Type | Filing date due on or after 9 Dec 2024 | Filing date due before 9 Dec 2024 |
| (i) $50 within the first 3 months after filing due date; or (ii) $200 after the 3 months | 8-tier penalties ranging from $50 to $350 |
| 8-tier penalties ranging from $10 to $250 |
1 The framework was previously only implemented for Variable Capital Companies (VCCs) on 14 January 2022, and was first announced in 2021.
Frequently Asked Questions
Q: Why is ACRA revising the penalty framework for ad hoc lodgements?
A: As part of ACRA's ongoing effort to encourage voluntary compliance, the penalty framework has been revised to simplify understanding and computation of penalties.
Q: When will the 2-tier penalty framework for ad hoc lodgements take effect?
A: The 2-tier penalty framework will take effect from 9 December 2024.
Q: What is considered an ad hoc lodgement?
A: All other lodgements apart from the following are considered ad hoc lodgements:
- Annual Returns by local companies under s197 of the Companies Act
- Annual Filing of Financial statement by foreign companies under s373 of the Companies Act
- Annual Declaration by Limited Liability Partnerships (LLP) under s30 of the LLP Act
- Annual Returns by Variable Capital Companies (VCC) under s97 of the VCC Act
Q: With the 2-tier penalty framework, will entities be offered a composition amount, in addition to the late lodgement penalty?
A: The 2-tier penalty framework is applicable only to entities that have filed late, and the amount of penalty payable will be reflected and imposed at the point of online lodgement. If the entities do not voluntarily comply with their lodgement obligation, ACRA may take enforcement actions including prosecuting the entities in court or offering of a composition amount.
Q: What will be the late lodgement penalty for ad hoc filings after 9 December 2024?
A: If the due date for the filing is on or after 9 December 2024, the penalty will be:
- $50 within the first 3 months after the filing due date; or
- $200 after the 3 months.
Any amount payable will be reflected and imposed at the point of lodgement.