TaxSavvySG

Estimated assessment after missed ECI

IRAS sent an estimated assessment. What now?

The situation

If ECI is not filed on time, IRAS may issue an estimated assessment that must be paid even if disputed.

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

File the ECI or Form C-S to replace the estimate. Object within the time allowed if the figure is wrong. Objections must be filed within the time on the notice, with reasons and supporting figures. Paying the estimate does not stop you from disputing it.

What to do

  1. Pay or arrange GIRO.
  2. File ECI or the return.
  3. Object if wrong.
  4. Fix deadlines.

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

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