TaxSavvySG

ECI waiver

Do we need to file ECI?

The situation

No ECI is needed if revenue is S$5 million or less and ECI is nil.

The law

  • Income Tax Act 1947: Estimated Chargeable Income: ECI filed within 3 months after financial year end; waiver if revenue up to S$5 million and ECI nil

What it means for you

Both tests must be met. A company with S$2 million revenue and S$100,000 taxable profit must file. A company with S$3 million revenue and a loss is waived.

What to do

  1. Check revenue.
  2. Estimate chargeable income.
  3. Apply both tests.
  4. File if not waived.

We can do this for youEstimated Chargeable Income (ECI) filing: SGD 200

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