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 transcript:

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 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 Please apply dormancy with IRAS here iii

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

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