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All Singapore companies must submit their Estimated Chargeable Income (ECI) within 3 months after the end of the financial year and final tax return by 30 November every year.
IRAS, the tax authority, imposes penalties for late filing and incorrect tax returns. Companies should prepare Contemporaneous Transfer Pricing (TP) documentation if the related party transactions exceed a certain threshold.
ECI
Form C
Form CS
In Singapore, the individual's personal income tax is based on calendar year. That means from 1 January to 31 December.
Income is assessed on a preceding year basis. The yearly individual personal tax returns must be lodged with the Inland Revenue Authority of Singapore (“IRAS”) by 15 April in the consecutive year. Failure to file your personal tax return will result in fines, penalties and in some situations summons.
Form B
Form B1
Form M
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