Singapore Tax Filling Deadlines

A) Corporate Tax Filing Deadline:

B) Individual Tax Filing Deadline:

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:

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.

For further information or assistance, please call us:

Hong Kong Office: +852 2341 1444
Singapore Office: +65 6295 2884
Shenzhen Office: +86 755 8268 4480
Shanghai Office: +86 21 6439 4114
Beijing Office: +86 10 6874 8420

or send email to enquiries@bycpa.com.