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Published byAnna Maria Hald Modified over 5 years ago
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MARCH : You need to file ECI by 31 March 2019 if company ‘s financial year end is 31 December 2018 ***Financial year end is refer to when you close out company accounting book . It normally consist of 12 months period
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WHAT IS ECI. ECI means estimate chargeable Income for your company
WHAT IS ECI ? ECI means estimate chargeable Income for your company . Estimate annual REVENUE will be needed BEFORE deduct any company expenses
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Information needed before proceed
CorpPass Company Registration number Company’s Revenue
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WHEN IS DUE DATE Must file AFTER 3 months of the financial year end Example : Accounting Year End ECI filing de date December March on following year June December on following year March June on the same year
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TO ELIGIBLE FOR INSTALLMENT PAYMENT, YOU MUST :
File PAPER FILING ( latest by 24th March ) E Filing ( latest by 26th March)
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WHAT IF COMPANY IS DORMANT
Please apply dormancy with IRAS here iii
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WHAT IF COMPANY FAIL TO FILE
IRAS will based on their own assessment to determine tax payable amount.
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NOTICE OF ASSESSMENT (NOA)
IRAS will mail out notice of assessment to registered address with the stated amount of tax you need to pay
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GOT OBJECTION with NOA ? You are given 2 months from the NOA date to file objection : Log in to myTax portal Corporate Tax Revise Object to Assessment OR Download objection form here
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