The Accounting and Corporate Regulatory Authority (ACRA) has announced an extension of its waiver on late filing penalties for BizFile+ users encountering technical difficulties while using the revamped BizFile+ portal. This initiative underscores ACRA’s commitment to supporting businesses during the transition to the upgraded platform, ensuring seamless regulatory compliance for companies and service providers.
Overview of ACRA’s Waiver Policy
The waiver, initially introduced to address teething issues following the rollout of the enhanced BizFile+ portal, has now been extended until further notice. It applies to entities unable to complete statutory filings on time due to system-related challenges.
Key highlights of the waiver policy include:
- Eligibility: Companies and corporate service providers (CSPs) that encounter technical issues while filing submissions on the BizFile+ portal.
- Scope: The waiver covers penalties for statutory filings such as annual returns, changes in company information, and other ACRA-mandated submissions.
- Action Required: Affected users must provide evidence of the technical issues encountered, such as screenshots or error messages, to support their waiver request.
Technical Enhancements to BizFile+
ACRA has invested significantly in improving BizFile+ to enhance user experience, security, and system resilience. Key features of the revamped portal include:
- Streamlined Navigation: Simplified menus and an intuitive dashboard for faster access to essential services.
- Automated Reminders: Enhanced notifications to help companies and CSPs stay on top of deadlines.
- Improved Integration: Seamless linkage with other government platforms such as CorpPass for secure authentication.
Support for Users
To assist users during the transition, ACRA has set up:
- A Helpdesk Service: Dedicated technical support to address user queries and resolve system issues promptly.
- Guidance Materials: Step-by-step guides and video tutorials to familiarize users with the upgraded system.
- Feedback Channels: ACRA welcomes user feedback to further refine the platform’s features.
How Iconomy Corporate Consultancy Can Help
At Iconomy Corporate Consultancy, we understand that navigating regulatory changes can be challenging for businesses. Our team is equipped to assist clients in addressing filing difficulties, ensuring compliance with ACRA requirements. Our services include:
- Timely Filing Assistance: Proactive monitoring of filing deadlines and submission of statutory documents.
- Issue Resolution: Troubleshooting technical issues with BizFile+ filings and liaising with ACRA on your behalf.
- Tailored Advisory: Personalized support to help your business adapt to new regulatory requirements.
Next Steps for Affected Businesses
If your business has encountered challenges using the new BizFile+ portal, we recommend the following actions:
- Document Issues: Capture screenshots or retain any error messages as evidence.
- Notify ACRA: Submit a formal request for a waiver via ACRA’s helpdesk or online channels.
- Engage Professional Support: Contact Iconomy Corporate Consultancy for expert guidance on ensuring compliance and minimizing disruptions.
Stay Informed
As ACRA continues to enhance BizFile+, Iconomy Corporate Consultancy will keep our clients updated on policy changes, system improvements, and best practices for regulatory compliance. Subscribe to our newsletter at [insert link] for the latest updates.
For immediate assistance with your statutory filings or to learn more about our services, reach out to us at 6909 5610.
