SlideShare a Scribd company logo
1 of 10
Download to read offline
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
WHAT IS ECI ?
ECI means estimate chargeable Income for your company .
Estimate annual REVENUE will be needed BEFORE deduct any
company expenses
Information needed before proceed
CORPPASS
Company Registration number
Company’s Revenue
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
TO ELIGIBLE FOR INSTALLMENT PAYMENT,
YOU MUST :
File PAPER FILING ( latest by 24th March )
E Filing ( latest by 26th March)
WHAT IF COMPANY IS DORMANT
iii
Please apply dormancy with IRAS here
WHAT IF COMPANY FAIL TO FILE
IRAS will based on their own assessment to determine
tax payable amount.
NOTICE OF ASSESSMENT (NOA)
IRAS will mail out notice of assessment to registered
address with the stated amount of tax you need to
pay
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
FOLLOW US AT :
Our Facebook Group
https://twitter.com/biztreesg
https://www.facebook.com/biztreemgmt
http://sg.linkedin.com/in/michelleatbiztreemgmt/
Biztree Management Pte ltd

More Related Content

Similar to What is eci

Exercise 19-8 (Part Level Submission)Wildhorse Company has the f.docx
Exercise 19-8 (Part Level Submission)Wildhorse Company has the f.docxExercise 19-8 (Part Level Submission)Wildhorse Company has the f.docx
Exercise 19-8 (Part Level Submission)Wildhorse Company has the f.docx
AlleneMcclendon878
 
Patrick Lane & Co (2010 Ver Mar 10)
Patrick Lane & Co (2010 Ver Mar 10)Patrick Lane & Co (2010 Ver Mar 10)
Patrick Lane & Co (2010 Ver Mar 10)
Patlane
 
Advanced Financial Acct-I Chap 1-6 .pptx
Advanced Financial Acct-I Chap 1-6 .pptxAdvanced Financial Acct-I Chap 1-6 .pptx
Advanced Financial Acct-I Chap 1-6 .pptx
Yasin Abdela
 

Similar to What is eci (20)

Important activities every businessman should complete before 31st March
Important activities every businessman should complete before 31st MarchImportant activities every businessman should complete before 31st March
Important activities every businessman should complete before 31st March
 
Self employment deadlines
Self employment deadlinesSelf employment deadlines
Self employment deadlines
 
Exercise 19-8 (Part Level Submission)Wildhorse Company has the f.docx
Exercise 19-8 (Part Level Submission)Wildhorse Company has the f.docxExercise 19-8 (Part Level Submission)Wildhorse Company has the f.docx
Exercise 19-8 (Part Level Submission)Wildhorse Company has the f.docx
 
Key things to take care of before the start of new financial year1
Key things to take care of before the start of new financial year1Key things to take care of before the start of new financial year1
Key things to take care of before the start of new financial year1
 
Hong Kong Tax Express 202005
Hong Kong Tax Express 202005Hong Kong Tax Express 202005
Hong Kong Tax Express 202005
 
Turner Little’s Guide to Accounting Reference Dates
Turner Little’s Guide to Accounting Reference DatesTurner Little’s Guide to Accounting Reference Dates
Turner Little’s Guide to Accounting Reference Dates
 
Welcome 2018
Welcome 2018Welcome 2018
Welcome 2018
 
Corporate Income Tax in Singapore
Corporate Income Tax in SingaporeCorporate Income Tax in Singapore
Corporate Income Tax in Singapore
 
Guide to Singapore Tax 2016
Guide to Singapore Tax 2016Guide to Singapore Tax 2016
Guide to Singapore Tax 2016
 
midterm%20tax.pptx
midterm%20tax.pptxmidterm%20tax.pptx
midterm%20tax.pptx
 
Who Needs to File a Tax Return?
Who Needs to File a Tax Return?Who Needs to File a Tax Return?
Who Needs to File a Tax Return?
 
Financial Managerial Accounting 6th Edition Horngren Solutions Manual
Financial Managerial Accounting 6th Edition Horngren Solutions ManualFinancial Managerial Accounting 6th Edition Horngren Solutions Manual
Financial Managerial Accounting 6th Edition Horngren Solutions Manual
 
Spain: VAT options for November 2017
Spain: VAT options for November 2017Spain: VAT options for November 2017
Spain: VAT options for November 2017
 
Puerto rico extension for filing 2017 tax return
Puerto rico extension for filing 2017 tax returnPuerto rico extension for filing 2017 tax return
Puerto rico extension for filing 2017 tax return
 
Tax due date compliance calendar
Tax due date compliance calendarTax due date compliance calendar
Tax due date compliance calendar
 
Chapter 1 basis period
Chapter 1  basis periodChapter 1  basis period
Chapter 1 basis period
 
Guide to running a limited company
Guide to running a limited companyGuide to running a limited company
Guide to running a limited company
 
Patrick Lane & Co (2010 Ver Mar 10)
Patrick Lane & Co (2010 Ver Mar 10)Patrick Lane & Co (2010 Ver Mar 10)
Patrick Lane & Co (2010 Ver Mar 10)
 
Advanced Financial Acct-I Chap 1-6 .pptx
Advanced Financial Acct-I Chap 1-6 .pptxAdvanced Financial Acct-I Chap 1-6 .pptx
Advanced Financial Acct-I Chap 1-6 .pptx
 
TDS reimbursement process
TDS reimbursement processTDS reimbursement process
TDS reimbursement process
 

More from Michelle Lai

More from Michelle Lai (20)

What is debarment of director.pptx
What is debarment of director.pptxWhat is debarment of director.pptx
What is debarment of director.pptx
 
Are you on the RIGHT PTE LTD ?
Are you on the RIGHT PTE LTD ?Are you on the RIGHT PTE LTD ?
Are you on the RIGHT PTE LTD ?
 
What is paid up capital.pdf
What is paid up capital.pdfWhat is paid up capital.pdf
What is paid up capital.pdf
 
Pte Ltd vs sole proprietor.pptx
Pte Ltd vs sole proprietor.pptxPte Ltd vs sole proprietor.pptx
Pte Ltd vs sole proprietor.pptx
 
GST REGISTRATION Checklist.pptx
GST REGISTRATION Checklist.pptxGST REGISTRATION Checklist.pptx
GST REGISTRATION Checklist.pptx
 
Myths abt PTE LTD.pptx
Myths abt PTE LTD.pptxMyths abt PTE LTD.pptx
Myths abt PTE LTD.pptx
 
Question about Dividend
Question about Dividend Question about Dividend
Question about Dividend
 
Filing of Company Tax with IRAS
Filing of Company Tax with IRASFiling of Company Tax with IRAS
Filing of Company Tax with IRAS
 
Company Registration in Singapore
Company Registration in Singapore Company Registration in Singapore
Company Registration in Singapore
 
Procedure to Register a Company in Singapore
Procedure to Register a Company in SingaporeProcedure to Register a Company in Singapore
Procedure to Register a Company in Singapore
 
What is Annual Return Filing
What is Annual Return Filing What is Annual Return Filing
What is Annual Return Filing
 
What biztree can do for you
What biztree can do for you What biztree can do for you
What biztree can do for you
 
Change in AGM and Annual Return Regulation
Change in AGM and Annual Return Regulation Change in AGM and Annual Return Regulation
Change in AGM and Annual Return Regulation
 
Healthcare Industrial in singapore
Healthcare Industrial in singapore Healthcare Industrial in singapore
Healthcare Industrial in singapore
 
TYPE OF BUSINESS VEHICLE IN SINGAPORE
TYPE OF BUSINESS VEHICLE IN SINGAPORE TYPE OF BUSINESS VEHICLE IN SINGAPORE
TYPE OF BUSINESS VEHICLE IN SINGAPORE
 
Business expectation from july till december 2019 manufacturing
Business expectation from july till december 2019  manufacturingBusiness expectation from july till december 2019  manufacturing
Business expectation from july till december 2019 manufacturing
 
Business expectation from july till december 2019
Business expectation from july till december 2019Business expectation from july till december 2019
Business expectation from july till december 2019
 
ACRA and IRAS Newsletter
ACRA and IRAS NewsletterACRA and IRAS Newsletter
ACRA and IRAS Newsletter
 
Biztree Newsletter
Biztree NewsletterBiztree Newsletter
Biztree Newsletter
 
Debarment of Director
Debarment of Director Debarment of Director
Debarment of Director
 

Recently uploaded

The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
daisycvs
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
daisycvs
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
ZurliaSoop
 

Recently uploaded (20)

SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
 
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
 
Organizational Transformation Lead with Culture
Organizational Transformation Lead with CultureOrganizational Transformation Lead with Culture
Organizational Transformation Lead with Culture
 
Falcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investors
 
Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business Potential
 
Falcon Invoice Discounting: Aviate Your Cash Flow Challenges
Falcon Invoice Discounting: Aviate Your Cash Flow ChallengesFalcon Invoice Discounting: Aviate Your Cash Flow Challenges
Falcon Invoice Discounting: Aviate Your Cash Flow Challenges
 
Power point presentation on enterprise performance management
Power point presentation on enterprise performance managementPower point presentation on enterprise performance management
Power point presentation on enterprise performance management
 
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
 
Falcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business GrowthFalcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business Growth
 
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League City
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
 
Falcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to ProsperityFalcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to Prosperity
 
New 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck TemplateNew 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck Template
 
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
 
TVB_The Vietnam Believer Newsletter_May 6th, 2024_ENVol. 006.pdf
TVB_The Vietnam Believer Newsletter_May 6th, 2024_ENVol. 006.pdfTVB_The Vietnam Believer Newsletter_May 6th, 2024_ENVol. 006.pdf
TVB_The Vietnam Believer Newsletter_May 6th, 2024_ENVol. 006.pdf
 
Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1
 
Buy Verified TransferWise Accounts From Seosmmearth
Buy Verified TransferWise Accounts From SeosmmearthBuy Verified TransferWise Accounts From Seosmmearth
Buy Verified TransferWise Accounts From Seosmmearth
 

What is eci

  • 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 . 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 iii Please apply dormancy with IRAS here
  • 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.com/biztreesg https://www.facebook.com/biztreemgmt http://sg.linkedin.com/in/michelleatbiztreemgmt/ Biztree Management Pte ltd