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Singapore Publishes New Rules for Estimates Of Chargeable Income Filing Obligation

|Approved Changes|Singapore
Singapore

The Singapore Government published the Income Tax (Filing Of Estimates Of Chargeable Income) Rules 2017 on 21 July 2017. The Rules include the following:

  • The revenue of a company or a partnership in a year of assessment for the purpose of the rules is the gross amount of its income derived from its principal activities in the accounting period relating to that year of assessment.
  • Companies must electronically furnish the estimate of chargeable income as follows:
    • Companies with revenue of mo…

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