Enitus Extensive Scope Tax Administration

Corporate tax service is one of Enitus’ pride as we are proficient with our extensive experience gained in various industries across Singapore. Every year, Singapore’s taxation landscape has been evolving and businesses need to adapt all changes to the benefit of their business without compromising on any adverse tax consequences. Enitus tailor all tax management to suit each individual business with strict confidential.
Follow our extensive guide on corporate tax reporting and filing deadlines.

Filing of Estimated Chargeable Income (ECI)

According to the Income Tax Act, all companies are compulsory to file a projected corporate tax for the year of assessment. Any surplus or deficit tax paid shall be refunded or top-up upon the submission of final tax assessment to IRAS.

The deadline for filing of ECI is always 3 months subsequent to the financial year end.

Deadline for ECI filing

Financial Year End Financial Period ECI Filing Deadline
31 December 1 Jan 2018 to 31 Dec 2018 31 Mar 2019
30 June 1 Jul 2017 to 30 Jun 2018 30 Sep 2018
31 Oct 1 Nov 2017 to 31 Oct 2018 31 Jan 2019

Preparation of Tax Computation

Upon finalising the financial statements for the year ended, we begin the computation of corporate taxation. Each tax item will be properly computed to minimise tax exposure.

  • Non-deductible income expenses
  • Allowed double deduction
  • Balancing charge
  • Capital allowance
  • Tax losses
  • Separate source of income
  • Interest adjustments

We will also advise the best alternatives to minimise tax amounts charged.

Income Tax (Form C/Form C-S)

Once the tax computation is completed, companies will then require to prepare an income tax form to be submitted online or by mail. This is the piece of form to confirm the final tax charge for the Year of Assessment. A Notice-Of-Assessment will be issued by the Inland Revenue Authority of Singapore (IRAS) subsequent to the submission of Income Tax Form C/C-S. Any incremental tax paid or to be refunded after offsetting ECI previously will dealt with accordingly.

Form CS illustration

Example of Form C/Form C-S

Tax Notice of Assessment

Example of Notice-Of-Assessment

Tax Advisory

Enitus provide professional consultation services on tax matters. Companies often come across instances like transfer pricing, related company transactions not transacted at arm’s length, tax advisory on mergers and acquisition, royalties, management buyouts, tax advisory on consolidation level or dealing with tax officers from IRAS. We act on behalf of our clients to protect our client’s interests on all sorts of tax related matters.

Other Tax Related Matters

In addition to the above, we are specialised on other tax clearance issues.

  • Individual income tax: rental, parenthood taxation, resident and non-resident taxation
  • Withholding tax: tax treaty benefits and double taxation reliefs
  • Property tax: estimation of property tax payable based on annual value of your property
  • Stamp duties on property leasing, property sales and purchase, or transferring of shares
  • Wage credit scheme: proper computation of wage credit for employers