Your company needs to furnish Estimated Chargeable Income (ECI) within three months from the end of its financial year.
||Due date for filing ECI
||Period covered in the accounts
|Due date for filing ECI
for that particular YA
||31 Mar of the following year
||1 Jan 2012 to 31 Dec 2012
|31 Mar 2013
||1 Apr 2011 to 31 Mar 2012
30 Jun 2012
If you submit your company's ECI within the qualifying period, you can pay your tax in instalments. It is better for your company to submit the ECI earlier, as the earlier the ECI is submitted, the higher the number of payment instalments will be given.
To encourage you to e-File, the number of instalments given to those who e-File ECI is more than that given to those who file ECI using paper ECI Forms.
To find out how to file ECI and the number of instalments allowed, please refer to How to File.
With effect from YA 2013, for companies with financial year ending Oct 2012 or after, you will not need to file ECI for a particular financial year if:
- Your annual revenue is not more than $1 million for the financial year; and
- Your ECI* is NIL.
* It is the amount before deducting the exempt amount under the partial tax exemption scheme or the tax exemption scheme for new start-up companies.
For more details, please refer to the FAQs (119KB).
What if I don't file
If your company does not submit the ECI within three months from the end of its financial year, we may issue a Notice of Assessment (NOA) based on our estimation of your company's income.
If you do not agree with our estimated assessment, you must lodge an objection either electronically via myTax Portal or write to our Corporate Tax Division at:
Inland Revenue Authority of Singapore
55 Newton Road
Fax no.: (+65) 6351 4360
The objection to the estimated assessment has to be lodged within 30 days from the date of the NOA. In the objection, please provide:
- Reasons for not filing the company’s ECI on time; and
- Revised ECI amount.
Even if the company objects to the estimated assessment, tax on this assessment must still be paid within one month from the date of the NOA.