Appointment and filing
Among partners present in Singapore, the first named in the agreement is the precedent partner; without an agreement, partners appoint one. File Form P between 1 February and 18 April, including where business occurred without a filing notice, or where a notice is issued despite no activity. Filing by 28 February supports allocation pre-filling. From YA 2027, e-Filing and the applicable allocation template are compulsory; more than ten partners require that template.
Partners, accounts and foreign income
Identify acting and sleeping partners; both are taxed on their shares, but sleeping partners cannot claim Earned Income Relief on that share. Revenue of at least S$500,000 requires certified accounts with Form P. Foreign income received through a Singapore partnership is taxable unless specifically exempt; the page provides a separate Section 10L foreign-disposal-gains reporting route.
Departing partners
Give one month’s written notice for a potentially taxable partner ceasing or leaving Singapore for more than three months, and seek permission before releasing monies due. The employee IR21 route is not used for partners. A concession applies to citizens and PRs who are not leaving permanently.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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