Tax

Who must pay Corporate Taxes in Singapore?

All companies are required to pay corporate tax under the Income Tax Act on any chargeable income derived from Singapore or foreign income remitted into Singapore.

How do I pay Corporate Tax?

There are 2 times a company needs to file its taxes with Inland Revenue Authority of Singapore (IRAS).

1. Estimated Chargeable Income (ECI)

   Filing an estimate of the company’s chargeable income with IRAS within 3 months of the company’s financial year end.

   Companies exempt from filing ECI: Has an annual revenue of less than S$5 million and there is no estimated chargeable income for that Year of Assessment (YA).

2. Annual Income Tax Return

   The Income Tax Return is a report of the company’s actual income. The annual Income Tax Return must be filed by all companies, even those which are making losses, applying to be struck off or under liquidation.

   You can refer to IRAS basic guideline for new companies for more information.

How we will assist you

1. Submission of estimated chargeable income (ECI)

2. Preparation of tax computations

3. Yearly filing of income tax return (Form C/C-S)

4. Liaise with IRAS

5. Provision of basic tax advice

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