Who needs to file the ECI?

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

Administrative concession

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 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.

What is ECI?

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 the gross amount of income/revenue before SUTE (start up tax exemption) deductions and other items such as gain on disposal of fixed assets.