Singapore Corporate Income Tax – Estimated Chargeable Income for Year of Assessment 2014


All Singapore companies with financial year ended in December 2013 have to furnish their estimated chargeable income (“ECI“) by 31 March 2014 unless:

  • the company has an annual revenue of S$1 million or below (revenue is defined as the main income source of the company excluding separate source income); and
  • ECI is NIL.

You may wish to note that any failure of complying with the ECI requirement would result in the Comptroller of Income Tax raising his own assessment, which can be excessive, as well as penalty of not more than S$1,000.

If you have any questions regarding the above, please contact me at jack.wong@whm-consulting.com.

Be Well!
Jack:)

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