taxBytes@iras is a quarterly e-newsletter that keeps you up-to-date on the latest tax developments and other revenue matters!
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Issue 20: Apr - Jun 2017 |
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Income Tax Season 2017: Thank you for your partnership!
You should be receiving your tax bill soon. Please check your tax bill once you receive it. Do inform IRAS within 30 days via the "Object to Assessment" e-Service at myTax Portal if you have objections to your assessment.
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Learn more about your tax obligations
TaxEdge Series: Recent Developments in India Tax (9 Jun 2017)
- Learn more about recent developments in India as Mr Anis Chakravarty and Mr Rohan Solapurkar, Partners from Deloitte, share on the latest tax developments in India and its business implications.
- Closing date for registration: 29 May 2017
WU-TA Specialised Transfer Pricing Programme (11 to 14 Sep 2017)
- Get the latest updates on international transfer pricing developments, knowledge and insights to handle transfer pricing issues in specialised industries that are of relevance to the Asia-Pacific region.
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Revised ECI waiver criteria for companies
To reduce compliance costs for companies, IRAS has simplified the tax filing process by revising the criteria for ECI (Estimated Chargeable Income) waiver.
Companies need not file ECI if they meet the following criteria:
- Annual revenue is not more than $5 million for the financial year Revised!
- ECI is NIL for the year of assessment
- Company's financial year ends in or after Jul 2017
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