We collaborate closely with you to identify and implement tax strategies that work best within your organization and prepare the tax computation for filing Income Tax Form (Form C/ Form C-S), and also a compilation report that will give you the comfort that the information is compiled with professional competence and due care. It is also sufficient for income tax filing purpose.
We can assist you with you with ECI filing, keeping of accounting records and tax return filing in a professional and cost efficient way. More on the IRAS requirements here below:
Annual Filing requirements with Inland Revenue Authority of Singapore (IRAS).
ECI is an estimate of a company's chargeable income for a Year of Assessment (YA). IRAS requires each company to submit an ECI for the Year of Assessment within three months after the financial year ends. It is mandatory to file an ECI regardless of the amount of income. A company with a zero income will file a 'NIL' ECI.
All Singapore Company must prepare the accounts which must consist of Profit and Loss Account, Balance Sheet, Cash Flow Statement, and Equity Statement in accordance with the Singapore Financial reporting standard (SFRS). The accounting records must be kept for 5 years.
Tax Return Filing
The filing deadline for corporate income tax return is 30 November. Documents to be submitted are audited or unaudited Report and tax computation (Form C).
Submission of Financial Report - audited and unaudited
Every company is required to submit a Financial Report. The report consists of financial statements such as balance sheet and income statements; supporting notes and disclosure of significant accounting policies applied by the company; disclosure of company's operations; and shareholders and directors' interests