Corporate Income Tax (CIT) Filing: Who Qualifies and What You Get
Learn the requirements for filing corporate income tax in Singapore, including documentation needs and important deadlines for estimated income.
Corporate Income Tax (CIT) Filing is the process businesses use to report their earnings and pay taxes on their profits in Singapore.
Who it's for
This requirement applies to all companies that are operating within Singapore.
What you get
By following this process, you receive a standardized way to assess your company's tax obligations and complete your annual filing requirements through a formal system.
What it costs you
While there is no direct fee mentioned to file, the process requires you to prepare and submit either audited or unaudited financial statements to prove your company's income and expenses.
The catch to know
You must not forget to file your Estimated Chargeable Income (ECI). This specific step must be completed within three months of your company's financial year-end.
How to apply
- Prepare your company's financial statements.
- Calculate your estimated chargeable income.
- Submit your ECI within the three-month window following your financial year-end.
- Complete the full tax filing through the official portal.