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Singapore Tax Filling Deadlines

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Singapore Tax Filling Deadlines


A) Corporate Tax Filing Deadline:

Year of Assessment
Statutory filing deadline
2008
30 Nov 2008
2009 and thereafter
31 Oct of each year


B) Individual Tax Filing Deadline:

Year of Assessment
Statutory filing deadline
2008
15 April 2008


C) Estimated Chargeable Income (ECI)


A company needs to furnish Estimated Chargeable Income (ECI) within three months from the end of its financial year.


For example:


Financial year-end
Due date for filing ECI
Period covered in the accounts
Year of Assessment (YA)
Due date for filing ECI for that particular YA
31 Dec
31 Mar of the following year
1 Jan 2007 to 31 Dec 2007
2008
31 Mar 2008
31 Mar
30 Jun
1 Apr 2007 to 31 Mar 2008
2009
30 Jun2008


If you furnish your company’s ECI within the qualifying period, you can pay your tax in instalments. The earlier you furnish your ECI, the higher is the number of instalments you get.


To encourage e-Filing, with effect from YA 2008, the number of instalments given to those who file ECI electronically is more than that given to those who file ECI using paper ECI Forms.


Result of Late Filing or No Filing


If your company does not furnish ECI within three months from the end of its financial year, the IRAS may issue a Notice of Assessment (NOA) based on estimated income of your Singapore company.


If you do not agree with the estimated assessment, you must object in writing within 30 days from the date of the NOA. Otherwise, the estimated assessment will be treated as final, even if the actual income based on your Form C and accounts submitted subsequently is lower than the estimates of the IRAS. This means the IRAS will not amend your estimated assessment based on your Form C and accounts since there is no valid objection to the estimated assessment within the stipulated time.



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