Frequently Asked Questions : Annual Filing Requirements with IRAS

A qualified audit opinion is a statement issued by an auditor after an audit has been done, and where there might be: Limitation of scope in

Your company has to furnish its Estimated Chargeable Income (ECI) within 3 months after the end of its financial year end. Administrative

Estimated Chargeable Income (ECI) data facilitates policy-making on a macro level, as well as the assessment of industrial performance. Furthermore,

ECI, also known as Estimated Chargeable Income, is an estimate of a company's chargeable income for a Year of Assessment (YA). In other words, it is

Financial Year End (FYE) is the end of the company's accounting period which typically recurs every 12 months.

These are the requirements you need to meet to comply with the Inland Revenue Authority of Singapore (IRAS): The Estimated Chargeable Income (ECI)

Non-compliance with Inland Revenue Authority of Singapore (IRAS) requirements will incur a penalty and/or court prosecution.

You will need to declare the company's estimated turnover and this excludes items like capital gains on disposal of fixed assets, in your company's

It is up to the company to decide its financial year end. Determining the optimum financial year end (FYE) may result in corporate tax exempts and

Yes. All Singapore Private Limited Companies must be compliant with the Inland Revenue Authority of Singapore (IRAS). Filings are mandatory for both

Even if the company estimates its chargeable income as zero, it still has to file a “Nil” Estimated Chargeable Income (ECI).