Your company has to furnish an estimate of its chargeable income known as Estimated Chargeable Income (ECI) within three months from the end of its accounting period.
For example, if your company's financial year end is 31 Dec, you have to furnish ECI for the accounting period ending 31 Dec 2007 by 31 Mar 2008.
For details on filing ECI, refer to Filing Estimated Chargeable Income (ECI).
Your company is required to declare its income by completing an Income Tax Form for companies, known as Form C, each year.
The due date for filing of Form C for each YA is as follows:
|2007 and before||31 Jul of each year|
|2008 onwards||30 Nov of each year*|
* IRAS is pleased to inform that in response to feedback from companies, 30 Nov will be the filing deadline from Year of Assessment 2009 instead of 31 Oct as announced previously.
When will the Form C be sent to my company
IRAS will send the first Form C to a newly incorporated company in the second year following the year of incorporation.
|Year of incorporation||Year in which your company will receive its first Form C||Remarks|
Form C for Year of Assessment (YA) 2009 will be sent to your company in Mar/Apr 2009.
This Form C is for your company to declare its income for the financial year ending in year 2008.
Thereafter, Form C for subsequent YAs will be sent to your company in Mar/Apr every year.
Do I need to request for my company's first Form C to be sent earlier
You may need to request for the first Form C to be sent to you earlier, that is, in the year immediately after the year of incorporation (instead of the second year following the year of incorporation) under certain circumstances.
Please note that income is assessed on a preceding year basis. This means that the basis period for any YA generally refers to the financial year ending in the year preceding the YA.
Your company is incorporated on 1 Jul 2007 and its financial year end is 30 Jun.
If your company's first set of accounts covered the period from the date of incorporation (1 Jul 2007) to 30 Jun 2008, your accounts is for YA 2009. You do not need to request for Form C for YA 2008.
Your company is incorporated on 1 Jul 2007 and its financial year end is the 31 Dec.
For details on the filing and completion of Form C, refer to Filing Income Tax Form (Form C). You may also refer to the guide on "Essential Information for Newly Incorporated Companies" (287KB)
The company has to file a complete set of returns (i.e. Form C, audited/unaudited accounts and tax computation) by the following dates:
|Year of Assessment||Filing deadline|
|2007||31 Jul 2007|
|2008||30 Nov 2008|
|2009 and thereafter||30 Nov of each year*|
* IRAS is pleased to inform that in response to feedback from companies, 30 Nov will be the filing deadline from Year of Assessment 2009 instead of 31 Oct.