Welcome to Raffles

Our Services

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	Secretarial
	General
	Company Incorporation
	Branch Registration
	Change of Name
	Changes of Particulars
	Other Information
	Private Companies
	Audit and Assurance
	Taxation
	Corporate Tax
	Individual Income Tax
	Goods and Services Tax
	Business Start Up Service

	FAQ

Q1. What is an Estimated Chargeable Income (ECI)?

ECI is an estimate of a company’s chargeable income for an accounting period (Section 63 of the Income Tax Act).

Q2. What is the benefit of e-filing the ECI?

The benefit of e-filing the ECI is that if you e-file within three months after the accounting period, your company is able to enjoy the auto-extension of time till 31 December for that Year of Assessment instead of 31 July. Hence, it is advisable for the company to e-file the ECI within the stipulated period of time.

Q3. What will happen if I didn't e-file my ECI within three months?

In that case, the deadline to submit the tax return will be 31 July for that Year of Assessment.

If a company's ECI is not furnished within the stipulated period, the Comptroller may issue a Notice of Assessment based on an estimation of the company's income. If the company does not agree with IRAS’ estimated assessment, it has to object in writing within 30 days from the date of service of the Notice of Assessment. Otherwise, the estimated assessment will be treated as final even if the Form C submitted subsequently shows a lower taxable amount.