This guide explains the ECI (Estimated Chargeable Income) filing requirements as well as guidelines in a nutshell for Singapore companies.
What is ECI?
ECI(Estimated Chargeable Income)is an estimate of a company’s chargeable income to be filed with IRAS (Inland Revenue Authority of Singapore. Please note that apart from estimated chargeable Income, Revenue is also to be reported at the time of ECI filing in the ECI form.
When is to be filed and with whom?
ECI form is to be filed with IRAS within 3 months of FYE(Financial Year End of the company and it is to be filed with IRAS.
ECI filing exemptions
If your company is able to satisfy both of below mentioned criteria, the company will be exempt from ECI filings:
- Total revenue of the company does not exceed S$1 million; and
- The Estimated chargeable Income is Nil.
How to file ECI?
ECI filings can be completed either online via IRAS e-filing system (EASY) if you have company IRAS PIN and you have been authorised to complete such filings. Alternatively, you may complete ECI filings in hardcopy by sending it via fax to IRAS or by sending it via post to IRAS.
You may fill in the contact form below if you need any clarification or you wish to take up professional services for completing ECI filing requirements of your Singapore Company.