The Business and Intellectual Property Authority (BIPA) has extended its Annual Duty Penalty Waiver Programme to 31 December 2026, giving registered businesses additional time to settle outstanding annual duties without paying accumulated penalties.
The extension, effective from 1 September 2026, allows businesses with outstanding annual duties incurred between 2012 and 2025 to regularise their records and restore their accounts to good standing.
Under the programme, BIPA will waive all accumulated penalties on outstanding annual duties during the extended period.
Businesses will, however, still be required to pay the principal annual duties owed to achieve full compliance.
The extension provides further relief to businesses that have fallen behind on their statutory obligations, particularly small and medium enterprises facing financial constraints.
BIPA previously introduced and extended the waiver programme to give registered entities an opportunity to regularise their status without incurring additional penalty costs.
The Authority said the latest extension provides businesses with another opportunity to update their records and meet their regulatory obligations.
“This compliance initiative provides businesses with an additional opportunity to update their records, regularise their status, and restore their accounts to good standing,” BIPA said.
The Authority urged all registered entities with outstanding annual duties to take advantage of the waiver before the 31 December deadline.
Businesses that fail to bring their annual duty obligations up to date by the deadline could again face applicable administrative penalties and other compliance measures.
“BIPA strongly encourages all registered entities to take advantage of this final extension and ensure that their annual duty obligations are brought up to date before 31 December 2026,” the Authority said.
The waiver effectively means businesses with accumulated penalties dating back to 2012 can have those penalties written off, provided they settle the underlying annual duties owed during the waiver period.
