Estimated Chargeable Income (ECI) is an estimate of your company’s taxable profits (after deducting tax-allowable expenses) for a Year of Assessment (YA).  In order for you and your company to stay compliant with Inland Revenue Authority of Singapore (IRAS), every company is required to submit an ECI for the Year of Assessment within 3 months after the end of its financial year.

If your company has no chargeable income or incurred losses, you will still have to file a ‘NIL’ ECI. In addition, if your company has more than S$5 million of revenue for the year, but has no chargeable income, you will need to submit ECI.

Submission of ECI may be waived if certain conditions are satisfied. 

 

This information was useful?