Late Filing/ Failure to File

All companies are required to file their Estimated Chargeable Income (ECI) within three months from the end of their financial year, unless they meet the conditions of the ECI Waiver concession or are specifically exempted from filing ECI. When companies miss the due date, IRAS may issue a Notice of Assessment (NOA) based on an estimation of the company's income.

 

Late Filing/ Failure to File

If your company

  • does not submit the ECI within three months from the end of its financial year and
  • does not meet the conditions to be exempted from submitting ECI

We may issue a Notice of Assessment (NOA) based on our estimation of your company's income. Your company must pay the estimated tax by the due date stated on the NOA to avoid late penalties and enforcement actions, even if you object to IRAS' estimated assessment.

Objecting to IRAS' Estimated Assessment

Companies may file a Notice of Objection within two months from the date of service of the NOA if they do not agree with IRAS' estimated assessment.

In your objection, please provide the reasons for filing the ECI late or failing to file the ECI and the revised ECI amount.

Even if the company objects to the estimated assessment, tax on the assessment must still be paid within one month from the date of the NOA.

For details, please refer to Objecting to NOA.

RATE THIS PAGE

  • Strongly Disagree
  • Strongly Agree

Information is easy to understand.

Information is useful.

Information is easy to find.

 
Please email us if you would like us to respond to your enquiries.