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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.

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Presentation on theme: "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."— Presentation transcript:

1 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

2 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

3 Information needed before proceed
CorpPass Company Registration number Company’s Revenue

4 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

5 TO ELIGIBLE FOR INSTALLMENT PAYMENT, YOU MUST :
File PAPER FILING   ( latest by 24th March ) E Filing ( latest by 26th March)

6 WHAT IF COMPANY IS DORMANT
Please apply dormancy with IRAS here iii

7 WHAT IF COMPANY FAIL TO FILE
IRAS will based on their own assessment to determine tax payable amount.

8 NOTICE OF ASSESSMENT (NOA)
IRAS will mail out notice of assessment to registered address with the stated amount of tax you need to pay

9 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

10 FOLLOW US AT : Our Facebook Group https://twitter
FOLLOW US AT : Our Facebook Group Biztree Management Pte ltd


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