Requirement to File Form PL-R and Submit Audited Financial Statements
Clubs conducting private lotteries are required to:
- File Form PL-R (Private Lotteries Duty Return) by the 14th of the month following the end of the month it conducts the lottery (except for scheduled lottery).
- Submit audited financial statements (with accompanying notes to the accounts) for the year, together with a reconciliation between the club’s annual audited accounts and corresponding figures submitted for private lotteries duty for the year, within six months from the club’s financial year-end.
Any club that conducts private lotteries from 1 Apr 2011 onwards needs to submit Form PL-R.
Form PL-R is a return for all types of private lottery.
A club conducting a few lottery types (e.g. fruit machines and Tombola) can file the duty payable for these lotteries in a single return.
The form must be signed by a principal officer (e.g. President, Honorary Secretary, Treasurer or management committee member) per Registry of Society’s records.
Additional Filing Requirements for Clubs Operating Fruit Machines
Form PL-R1 (Reconciliation of Soft and Hard Meter Readings)You need to file Form PL-R1 together with Form PL-R every month. You have to maintain the soft copy of Form PL-R1 and submit this upon IRAS’ request.
If you do not file Form PL-R and Form PL-R1 by the due date, IRAS may impose a penalty.
Audit Checklist for Form PL-R1Where any exception is noted by the auditors, you are required to submit the audit checklist with details of the exception to IRAS as part of your monthly filing.
Where no exception is noted after the auditor has performed the review on Form PL-R1, you need not submit the checklist to IRAS. However, you need to maintain a copy of the completed checklist for each month and submit it upon IRAS’ request.
Form PL-R2 (Reconciliation of Meter Readings and Actual Cash Flow)Clubs will complete Form PL-R2 for every month and submit it upon IRAS’ request.
This page was last updated on 17th January, 2020.