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ACRA Extension of Deadline for Holding Annual General Meetings and Filing Annual Returns May 19, 2020 In light of the COVID-19 situation, some companies may have difficulties holding their Annual General Meetings (AGMs) and filing their Annual Returns (ARs). Unchanged. This applies in respect of income tax returns and the associated elections, designations and information returns, such as the Form T1135, that are required to be filed with or on the same day as the return. On 7 April 2020, ACRA published a media release on “Extension of Deadline for Holding Annual General Meetings and Filing Annual Returns”. The CRA will also waive arrears interest on existing tax debts related to individual, corporation, and trust income tax returns from April 1, 2020, to September 30, 2020, and from April 1, 2020, to June 30, 2020, for Goods and Services Tax/Harmonized Sales Tax (GST/HST) returns. The refinements to the Order are as follows: The Ministry of Law intends to extend the duration of the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 (the “Order”), to 30 June 2021. September 30, 2020 Futher extended as of July 27. Issuers must also continue to make available the option for shareholders to participate in their general meetings via electronic means. There is no need for these companies to apply for the extension of time with ACRA. The CRA is seeking T1 returns by June 15, 2020 for sole proprietors in order to ensure accurate federal and provincial benefits payments. Tax filing deadlines have been extended due to the COVID-19 outbreak. For more information, please click here to view the announcement by the Ministry of Law. These amendments extend the Order to 30 June 2021 and refine the Order to facilitate greater convenience and engagement for virtual meetings. For companies who have shortened their accounting period, the filing deadline … The CRA will also waive arrears interest on existing tax debts related to individual, corporation, and trust income tax returns from April 1, 2020, to September 30, 2020, and from April 1, 2020, to June 30, 2020, for GST/HST returns. Note: The Companies (Amendment No. Unless otherwise noted, applies to other information returns, elections, designations and information requests that would have been due on May 31, or in June, July, or August 2020. (Don’t include any personal information. Following Singapore’s move into phase two of its reopening on 19 June 2020, ACRA, the Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) have updated the joint guidance and checklist issued on 13 April 2020, to guide the conduct of general meetings during safe management period. Applies to corporations that would otherwise have a filing deadline after March 18 and before May 31, 2020. It is only the return filing deadlines that have been extended. Their AR filing due dates will also be extended for 60 days. The key update is to clarify that issuers (and the issuers' service provider(s), if any) that are permitted to operate will no longer need to submit a notification to the Ministry of Trade and Industry for a time-limited exemption to have temporary operations in the same physical location for the purpose of holding a general meeting. The previously-extended filing due dates for individual, corporation, and trust income tax returns remain unchanged. 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2021년 1월 12일

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