Filing of Estimated Chargeable Income (“ECI”)
All companies including new companies are required to file estimate of the company’s taxable income (after deducting tax-allowable expenses) (“ECI”) within three months from the end of their financial year except for companies that qualify for the administrative concession and those that are specifically not required to file.
Waiver to File ECI
Your company does not need to file the ECI for that particular YA if it meets the following criteria:
- Annual revenue is not more than $5 million^ for the financial year; and
- ECI is NIL for the YA.
Filing of Corporate Income Tax
All companies are required to e-file their Corporate Income tax using Form C/C-S by 15 December.