Your company has to furnish its Estimated Chargeable Income (ECI) within 3 months after the end of its financial year end.
Companies with a financial year ending October 2012 will not be required to file ECI for a particular year if:
- they do not earn more than S$1 million for the financial year; and
- their ECI is NIL .
What to file?
If audited accounts are not available, a company may refer to its management accounts to declare the revenue amount. If the revenue amount based on audited accounts turn out to be different from that declared in the ECI Form, and there is no change in your ECI, you are not required to revise the revenue figure.