Have you filed your Estimated Chargeable Income for Financial Year ending 31 Dec 2016? In our previous post, we discussed on the Basics of Financial Year End Closing and Compliance Alert. For our article today, we will be emphasizing about the importance of Filing Estimated Chargeable Income ("ECI”) of your company in Singapore. There are a number of key posints in which you can make notes, and each has its advantages and disadvantages.
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As we approach year end, it’s again time to focus on the various procedures and important timeline to take note of to ensure compliance with filing requirements, especially with ACRA and IRAS.
To get you started, we’ve indicated in the following paragraphs, those areas which concerns companies registered with ACRA.
When you reach the end of an accounting period, you need to close the books.