Speak to an advisor: +65 6929 8273

Estimated Chargeable Income (ECI) filing in Singapore

Hassle-free, timely tax filing solutions for Singapore businesses.

Understanding ECI for your Singapore business

  • ECI estimates taxable profits after deducting expenses.
  • All companies must file within 3 months, unless exempt.
  • Exemption from ECI filing: Revenue no more than S$5M and ECI is nil for YA.

Read more about the requirements here.

Effortlessly file ECI with Sleek’s expert accounting solutions

Expert accountants ensure your books are always up-to-date, taxes, management reports and financial statements are ready and filed timely.

Timely ECI filing for your business so it remains compliant, and avoids any penalties.

Cloud-based document management system for centralized and easy access to all documents

Transparent all-inclusive pricing that covers all your business needs, avoiding surprises and penalties.

Proprietary cloud bookkeeping platform built for small businesses so you don’t need to pay separately for expensive platforms.

ECI filing is offered as a part of Sleek's Accounting Plans.

Pricing plans for every company size

Save time and money with automation and our dedicated accountant services. Choose the plan that suits you, based on your average monthly expenses.

Select your monthly expenses threshold:

Monthly expenses is your total spend to run your company, including salaries, rent, cost of goods/services and operational costs.

MOST POPULAR PLAN
Essentials
Accounting &
Payroll
Accounting
Premium
From
S$48/mo

Billed annually, per financial year

From
S$90/mo

Billed annually, per financial year

From
S$250/mo

Billed annually, per financial year

Bookkeeping

Maintenance of account books to help with the smooth running of the company.

It is a record of year-round entries for the financial year, including profit and loss statements, ledger accounts, account receivables and payables, and bank reconciliation statements. Our SleekBooks accounting solution will help automate a lot of these processes to help you save time and money.

All Singapore-incorporated companies must maintain proper account books to comply with the Singapore Companies Act.

Monthly

Weekly

Dedicated Accountant

Get a dedicated accountant to support with managing your books. Included with all Sleek accounting packages.

Unaudited Financial Statements

Unaudited financial statements provide an accurate picture of a company's financial health. These statements must also be tabled at the AGM within 6 months from its financial year end.

Unaudited financial statements include:

- Statement of financial position
- Statement of profit or loss
- Statement of cash flows
- Statement of change in equity
- Notes to financial statements

Annual Tax Return Filing

All Singapore companies are required to e-File their Corporate Income Tax Returns with the IRAS (Inland Revenue Authority of Singapore) by 30 November using Form C or Form C-S.

Your Estimated Chargeable Income (ECI) must also be filed with the IRAS within 3 months after the Financial Year End.

Sleek will handle this process for you so you don't miss any deadlines.

SleekBooks software

SleekBooks is our proprietory accounting software solution to record all your transactions in a compliant manner. It includes multi-currency accounting, P&L and balance sheet reports and a full audit trail on all transactions.

New features are regularly added to make your experience even more seamless.

Smart Receipt submission

Send a snap of your receipts via WhatsApp or by email, or upload on the Sleek web app, and they will automatically be routed to your SleekBooks or Xero account

Payroll

Sleek's payroll services include:

- Preparing monthly payroll report, Central Provident Fund (CPF) report and payslip accessible from Talenox payroll software
- Expense claims reimbursement (to include on monthly payroll)
- Central Provident Fund (CPF) registration, direct debit application and monthly e-submission
- Skills Development Levy (SDL) payment assistance
- Self-Help Group (SHG) payment submission
- Annual Return of Employees Remuneration (Form IR8A) via Auto-Inclusion Scheme (AIS)
- IR21 Tax Clearance (for foreign offboarded employees)

Employee leave management

Manage your employee leave seamlessly by giving your employees access to a leave management portal for S$8/employee/month

S$8/employee/mo

Quarterly GST filing

Businesses that exceed S$1 million in annual taxable turnover are required to register for GST. Companies with revenues below this threshold can voluntarily register as well. Sleek will manage the GST filings for you. A one time GST registration fee of S$400 will be added at checkout.

S$300/quarter

S$300/quarter

Xero subscription

Our standard SleekBooks software solution already covers most accounting & bookkeeping needs.

We recommend using a Xero subscription instead of SleekBooks if you require:

- Regular access to your accounts to modify entries
- Create invoices using an automated system
- Connect third party cloud apps, such as e-commerce or inventory management
- Access your reports and accounts on the go using the Xero mobile app

S$600/financial year

S$600/financial year

Xero subscription

XBRL report preparation

XBRL (Xtensible Business Reporting Language), is a language for the electronic communication of business and financial data worldwide. Since 1 Nov 2007, The Accounting and Corporate Regulatory Authority (ACRA) implemented a procedure of filing financial statements in XBRL format to create an effective business communication environment between different entities and government authorities.

Who needs to comply with XBRL filing?
All businesses in Singapore (unlimited or limited by shares) are required to file their financial statements in XBRL format.

Some companies are exempted from filing:

- Companies limited by guarantee
- Companies like commercial banks, merchant banks, registered insurers and finance companies that are regulated by MAS
- Foreign companies and their local branches
- Companies that are allowed by law to prepare accounts in accordance with accounting standards other than the Singapore Financial Reporting Standards or the International Financial Reporting Standards
- Exempt Private Companies (EPC)* who are solvent

These companies, except solvent EPCs, are required to submit their financial statements in PDF format to ACRA .

S$500/year

S$500/year

S$500/year

XBRL report preparation

Support SLA

Our service level agreements (SLA) are tailored based on the requirements of your business. All enquiries will be answered within the timings highlighted for each plan.

5 days

48h

24h

Management reports

Get a clear view of your company's financial health with our our annual or monthly management reports.

Annual

Monthly

Monthly

Tax planning & advice

All plans include advice to reduce tax with exemptions - start-up or partial. Here is what is also included:

Accounting & Payroll basic:
- Statutory compliance
- What type of income is taxable and non-taxable
- What type of expense is deductible and non-deductible
- How to meet tax residency requirement
- Whether to register for GST or not
- What are the deadlines for tax
- How to pay tax and instalment application

Accounting premium plan:
- All points listed in the basic package
- Whether to pay dividends or salaries and which will be more tax effective overall - corporate tax + individual tax
- Withholding tax filing
- Transfer pricing
- Advance ruling
- Specific DTA relevant to business
- Specific income tax treatment for industry

Basic

Adhoc

Review Meetings with

Senior Accountant

Benefit from review meetings with your dedicated senior accountant to discuss the health of your business and receive specific advice on how to further optimise your finances

Quarterly

Monthly expenses threshold:

Monthly expenses is your total spend to run your company, including salaries, rent, cost of goods/services and operational costs.

Essentials

Your basic accounting and bookkeeping needs

Basic accounting package for small businesses

From

S$576/yr

Billed annually, per financial year

Includes:

Maintenance of account books to help with the smooth running of the company.

It is a record of year-round entries for the financial year, including profit and loss statements, ledger accounts, account receivables and payables, and bank reconciliation statements.

Our SleekBooks accounting solution will help automate a lot of these processes to help you save time and money.

All Singapore-incorporated companies must maintain proper account books to comply with the Singapore Companies Act.

Get a dedicated accountant to support with managing your books. Included with all Sleek accounting packages.

Unaudited financial statements provide an accurate picture of a company's financial health. These statements must also be tabled at the AGM within 6 months from its financial year end.

Unaudited financial statements include:

- Statement of financial position
- Statement of profit or loss
- Statement of cash flows
- Statement of change in equity
- Notes to financial statements

All Singapore companies are required to e-File their Corporate Income Tax Returns with the IRAS (Inland Revenue Authority of Singapore) by 30 November using Form C or Form C-S.

Your Estimated Chargeable Income (ECI) must also be filed with the IRAS within 3 months after the Financial Year End, 31st March 2023.

Sleek will handle this process for you so you don't miss any deadlines.

SleekBooks is our proprietory accounting software solution to record all your transactions in a compliant manner. It includes multi-currency accounting, P&L and balance sheet reports and a full audit trail on all transactions.

New features are regularly added to make your experience even more seamless.

Send a snap of your receipts via WhatsApp or by email, or upload on the Sleek web app, and they will automatically be routed to your SleekBooks or Xero account

Our service level agreements (SLA) are tailored based on the requirements of your business. All enquiries will be answered within the timings highlighted for each plan.

Businesses that exceed S$1 million in annual taxable turnover are required to register for GST. Companies with revenues below this threshold can voluntarily register as well. Sleek will manage the GST filings for you. A one time GST registration fee of S$400 will be added at checkout.

Get a clear view of your company's financial health with our our annual or monthly management reports.

Sleek's payroll services include:

- Preparing monthly payroll report, Central Provident Fund (CPF) report and payslip accessible from Talenox payroll software
- Expense claims reimbursement (to include on monthly payroll)
- Central Provident Fund (CPF) registration, direct debit application and monthly e-submission
- Skills Development Levy (SDL) payment assistance
- Self-Help Group (SHG) payment submission
- Annual Return of Employees Remuneration (Form IR8A) via Auto-Inclusion Scheme (AIS)
- IR21 Tax Clearance (for foreign offboarded employees)

Manage your employee leave seamlessly by giving your employees access to a leave management portal for S$8/employee/month

All plans include advice to reduce tax with exemptions - start-up or partial. Here is what is also included:

Accounting & Payroll basic:
- Statutory compliance
- What type of income is taxable and non-taxable
- What type of expense is deductible and non-deductible
- How to meet tax residency requirement
- Whether to register for GST or not
- What are the deadlines for tax
- How to pay tax and instalment application

Accounting premium plan:
- All points listed in the basic package
- Whether to pay dividends or salaries and which will be more tax effective overall - corporate tax + individual tax
- Withholding tax filing
- Transfer pricing
- Advance ruling
- Specific DTA relevant to business
- Specific income tax treatment for industry

Benefit from review meetings with your dedicated senior accountant to discuss the health of your business and receive specific advice on how to further optimise your finances

Our standard SleekBooks software solution already covers most accounting & bookkeeping needs.

We recommend using a Xero subscription instead of SleekBooks if you require:

- Regular access to your accounts to modify entries
- Create invoices using an automated system
- Connect third party cloud apps, such as e-commerce or inventory management
- Access your reports and accounts on the go using the Xero mobile app

XBRL (Xtensible Business Reporting Language), is a language for the electronic communication of business and financial data worldwide. Since 1 Nov 2007, The Accounting and Corporate Regulatory Authority (ACRA) implemented a procedure of filing financial statements in XBRL format to create an effective business communication environment between different entities and government authorities.

Who needs to comply with XBRL filing?
All businesses in Singapore (unlimited or limited by shares) are required to file their financial statements in XBRL format.

Some companies are exempted from filing:

- Companies limited by guarantee
- Companies like commercial banks, merchant banks, registered insurers and finance companies that are regulated by MAS
- Foreign companies and their local branches
- Companies that are allowed by law to prepare accounts in accordance with accounting standards other than the Singapore Financial Reporting Standards or the International Financial Reporting Standards
- Exempt Private Companies (EPC)* who are solvent

These companies, except solvent EPCs, are required to submit their financial statements in PDF format to ACRA .

Accounting & Payroll

MOST POPULAR

For larger companies which has has staff hired 

The preferred accounting package for SMEs

From

S$1,080/yr

Billed annually, per financial year

Includes:

Maintenance of account books to help with the smooth running of the company.

It is a record of year-round entries for the financial year, including profit and loss statements, ledger accounts, account receivables and payables, and bank reconciliation statements.

Our SleekBooks accounting solution will help automate a lot of these processes to help you save time and money.

All Singapore-incorporated companies must maintain proper account books to comply with the Singapore Companies Act.

Get a dedicated accountant to support with managing your books. Included with all Sleek accounting packages.

Unaudited financial statements provide an accurate picture of a company's financial health. These statements must also be tabled at the AGM within 6 months from its financial year end.

Unaudited financial statements include:

- Statement of financial position
- Statement of profit or loss
- Statement of cash flows
- Statement of change in equity
- Notes to financial statements

All Singapore companies are required to e-File their Corporate Income Tax Returns with the IRAS (Inland Revenue Authority of Singapore) by 30 November using Form C or Form C-S.

Your Estimated Chargeable Income (ECI) must also be filed with the IRAS within 3 months after the Financial Year End, 31st March 2023.

Sleek will handle this process for you so you don't miss any deadlines.

SleekBooks is our proprietory accounting software solution to record all your transactions in a compliant manner. It includes multi-currency accounting, P&L and balance sheet reports and a full audit trail on all transactions.

New features are regularly added to make your experience even more seamless.

Send a snap of your receipts via WhatsApp or by email, or upload on the Sleek web app, and they will automatically be routed to your SleekBooks or Xero account

Our service level agreements (SLA) are tailored based on the requirements of your business. All enquiries will be answered within the timings highlighted for each plan.

Businesses that exceed S$1 million in annual taxable turnover are required to register for GST. Companies with revenues below this threshold can voluntarily register as well. Sleek will manage the GST filings for you. A one time GST registration fee of S$400 will be added at checkout.

Get a clear view of your company's financial health with our our annual or monthly management reports.

Sleek's payroll services include:

- Preparing monthly payroll report, Central Provident Fund (CPF) report and payslip accessible from Talenox payroll software
- Expense claims reimbursement (to include on monthly payroll)
- Central Provident Fund (CPF) registration, direct debit application and monthly e-submission
- Skills Development Levy (SDL) payment assistance
- Self-Help Group (SHG) payment submission
- Annual Return of Employees Remuneration (Form IR8A) via Auto-Inclusion Scheme (AIS)
- IR21 Tax Clearance (for foreign offboarded employees)

Manage your employee leave seamlessly by giving your employees access to a leave management portal for S$8/employee/month

All plans include advice to reduce tax with exemptions - start-up or partial. Here is what is also included:

Accounting & Payroll basic:
- Statutory compliance
- What type of income is taxable and non-taxable
- What type of expense is deductible and non-deductible
- How to meet tax residency requirement
- Whether to register for GST or not
- What are the deadlines for tax
- How to pay tax and instalment application

Accounting premium plan:
- All points listed in the basic package
- Whether to pay dividends or salaries and which will be more tax effective overall - corporate tax + individual tax
- Withholding tax filing
- Transfer pricing
- Advance ruling
- Specific DTA relevant to business
- Specific income tax treatment for industry

Benefit from review meetings with your dedicated senior accountant to discuss the health of your business and receive specific advice on how to further optimise your finances

Our standard SleekBooks software solution already covers most accounting & bookkeeping needs.

We recommend using a Xero subscription instead of SleekBooks if you require:

- Regular access to your accounts to modify entries
- Create invoices using an automated system
- Connect third party cloud apps, such as e-commerce or inventory management
- Access your reports and accounts on the go using the Xero mobile app

XBRL (Xtensible Business Reporting Language), is a language for the electronic communication of business and financial data worldwide. Since 1 Nov 2007, The Accounting and Corporate Regulatory Authority (ACRA) implemented a procedure of filing financial statements in XBRL format to create an effective business communication environment between different entities and government authorities.

Who needs to comply with XBRL filing?
All businesses in Singapore (unlimited or limited by shares) are required to file their financial statements in XBRL format.

Some companies are exempted from filing:

- Companies limited by guarantee
- Companies like commercial banks, merchant banks, registered insurers and finance companies that are regulated by MAS
- Foreign companies and their local branches
- Companies that are allowed by law to prepare accounts in accordance with accounting standards other than the Singapore Financial Reporting Standards or the International Financial Reporting Standards
- Exempt Private Companies (EPC)* who are solvent

These companies, except solvent EPCs, are required to submit their financial statements in PDF format to ACRA .

Accounting Premium

Our most complete package for large companies that plans to scale

Our most comprehensive accounting package for SMEs

From

S$3,000/yr

Billed annually, per financial year

Includes:

Maintenance of account books to help with the smooth running of the company.

It is a record of year-round entries for the financial year, including profit and loss statements, ledger accounts, account receivables and payables, and bank reconciliation statements.

Our SleekBooks accounting solution will help automate a lot of these processes to help you save time and money.

All Singapore-incorporated companies must maintain proper account books to comply with the Singapore Companies Act.

Get a dedicated accountant to support with managing your books. Included with all Sleek accounting packages.

Unaudited financial statements provide an accurate picture of a company's financial health. These statements must also be tabled at the AGM within 6 months from its financial year end.

Unaudited financial statements include:

- Statement of financial position
- Statement of profit or loss
- Statement of cash flows
- Statement of change in equity
- Notes to financial statements

All Singapore companies are required to e-File their Corporate Income Tax Returns with the IRAS (Inland Revenue Authority of Singapore) by 30 November using Form C or Form C-S.

Your Estimated Chargeable Income (ECI) must also be filed with the IRAS within 3 months after the Financial Year End, 31st March 2023.

Sleek will handle this process for you so you don't miss any deadlines.

SleekBooks is our proprietory accounting software solution to record all your transactions in a compliant manner. It includes multi-currency accounting, P&L and balance sheet reports and a full audit trail on all transactions.

New features are regularly added to make your experience even more seamless.

Send a snap of your receipts via WhatsApp or by email, or upload on the Sleek web app, and they will automatically be routed to your SleekBooks or Xero account

Our service level agreements (SLA) are tailored based on the requirements of your business. All enquiries will be answered within the timings highlighted for each plan.

Our service level agreements (SLA) are tailored based on the requirements of your business. All enquiries will be answered within the timings highlighted for each plan.

Get a clear view of your company's financial health with our our annual or monthly management reports.

Sleek's payroll services include:

- Preparing monthly payroll report, Central Provident Fund (CPF) report and payslip accessible from Talenox payroll software
- Expense claims reimbursement (to include on monthly payroll)
- Central Provident Fund (CPF) registration, direct debit application and monthly e-submission
- Skills Development Levy (SDL) payment assistance
- Self-Help Group (SHG) payment submission
- Annual Return of Employees Remuneration (Form IR8A) via Auto-Inclusion Scheme (AIS)
- IR21 Tax Clearance (for foreign offboarded employees)

Manage your employee leave seamlessly by giving your employees access to a leave management portal for S$8/employee/month

All plans include advice to reduce tax with exemptions - start-up or partial. Here is what is also included:

Accounting & Payroll basic:
- Statutory compliance
- What type of income is taxable and non-taxable
- What type of expense is deductible and non-deductible
- How to meet tax residency requirement
- Whether to register for GST or not
- What are the deadlines for tax
- How to pay tax and instalment application

Accounting premium plan:
- All points listed in the basic package
- Whether to pay dividends or salaries and which will be more tax effective overall - corporate tax + individual tax
- Withholding tax filing
- Transfer pricing
- Advance ruling
- Specific DTA relevant to business
- Specific income tax treatment for industry

Benefit from review meetings with your dedicated senior accountant to discuss the health of your business and receive specific advice on how to further optimise your finances

Our standard SleekBooks software solution already covers most accounting & bookkeeping needs.

We recommend using a Xero subscription instead of SleekBooks if you require:

- Regular access to your accounts to modify entries
- Create invoices using an automated system
- Connect third party cloud apps, such as e-commerce or inventory management
- Access your reports and accounts on the go using the Xero mobile app

XBRL (Xtensible Business Reporting Language), is a language for the electronic communication of business and financial data worldwide. Since 1 Nov 2007, The Accounting and Corporate Regulatory Authority (ACRA) implemented a procedure of filing financial statements in XBRL format to create an effective business communication environment between different entities and government authorities.

Who needs to comply with XBRL filing?
All businesses in Singapore (unlimited or limited by shares) are required to file their financial statements in XBRL format.

Some companies are exempted from filing:

- Companies limited by guarantee
- Companies like commercial banks, merchant banks, registered insurers and finance companies that are regulated by MAS
- Foreign companies and their local branches
- Companies that are allowed by law to prepare accounts in accordance with accounting standards other than the Singapore Financial Reporting Standards or the International Financial Reporting Standards
- Exempt Private Companies (EPC)* who are solvent

These companies, except solvent EPCs, are required to submit their financial statements in PDF format to ACRA .

Add-ons

Mandatory tax filing

Tax compliance
(Group & holding)

Ad-hoc support

Company dormancy

Xero accounting software

Mandatory
tax filing

Payroll
(stand-alone)

Upgrade of SGD $8 per employee
per month if you need below:

*Leave Management Feature
(each employee will have access
to monitor/apply for leave
directly on the software)

FAQs

Here are some common questions we recieve from our customers.
If you have any additional questions, please don’t hesitate to contact us.

All companies are required to file the ECI within 3 months from the end of the financial year except for companies that apply for the administrative concession and those that are specifically exempted from filing.

Companies are not required to file the ECI for the particular Year of Assessment if the following criteria are met: Annual revenue is not more than S$5million for the financial year and ECI is nil for the Year of Assessment (there is no chargeable income).

IRAS may issue an estimated Notice of Assessment (NOA) for late filing or non-filing of the ECI. This may be computed based on the company’s past years’ income or information available to IRAS.

100%. Our goal is to make the transition seamless for you. We’ll directly communicate with your current accounting service provider, assume responsibility for your financial documents, and conduct a thorough audit to ensure compliance. We’ll address any outstanding matters with HMRC, organize historical data, and meticulously prepare and file the required reports. Moreover, we provide ongoing guidance on relevant tax exemptions, enabling you to optimize your tax strategy.

If your accounts are messy, during onboarding, our team will address it by doing an initial accounting review, using Sleek’s in-house accounting software, SleekBooks, in order to help you identify any issues and to propose the best corrective measures. This process is known as a ‘Reconstruction of Accounts’ and is a necessary basis to ensure that when our clients join Sleek your business and money accounts are in a position which is in accordance with the Accounting Standards of Singapore. After that, our accountant will welcome you onboard with our hassle-free digital solutions and accounting services.

Leave us your email through the form above or phone us to speak to an accountant or sales for a free consultation on the price of our package or fee for our accounting services today.

Sleek’s accounting plans are priced according to the average monthly expenses of a company and based on a financial year period  (not calendar year). A company’s FYE can be found publicly from ACRA’s website or on the First Directors Board Resolution. They can also search their UEN or Company Name on the Open Gov website.

We monitor a client’s monthly expenses over a financial year period and will adjust the final plan price based on the actual expenses resulting in a potential credit or debit based on the initial plan taken. FAQs on our Accounting Expenses can be found here.

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30D money back

30 Days Money Back Guarantee

Our refund policy:

We care about you – within 30 days from your purchase, if you’re unhappy with our services, we’ll refund our fee. Email or call us, and we’ll process the refund within five working days.

What it doesn’t cover:

We will not be able to refund Government fees once the application has been submitted, nor any third-party processing fees.

When it applies:

We cannot guarantee any specific legal outcomes when you use our services. For instance, a company registration might be filed correctly but still get rejected by the Company Registry for reasons beyond our control. We can only refund our fees for issues we are directly responsible for. In the case that you purchase a service and later change your mind, we can’t issue a refund.

Our customer support team is at your disposal for any questions or issue you may face.

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Our sales team is available from Mon - Fri 9am to 10pm (Singapore Time)

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Book a time with our experts to guide you in finding the best solution.