Accounting records should be maintained from the first transaction. The annual work then uses those records to prepare financial statements, ECI and the applicable corporate income tax return.
The service scope depends on transaction volume, record quality, GST status, payroll, foreign transactions and whether prior periods need cleanup.
If you are unsure where to start, these guides explain the common decisions before you appoint a provider or make a filing. This page explains how ProSec can assist with the actual filing and follow-up services.
Keep source documents and reconciliations current.
Scope depends on record quality and transactions.
GST and payroll are assessed separately where relevant.
Tax filing relies on complete accounting records. Missing invoices, bank explanations or shareholder transactions should be resolved before filing.
| Item | General timing | Preparation point |
|---|---|---|
| ECI | Generally within three months after FYE, subject to exemption rules | Draft accounts and tax adjustments |
| Corporate income tax return | According to the annual IRAS filing deadline | Final accounts, tax computation and supporting schedules |
| GST return | Based on the assigned GST accounting period | Tax invoices, claims, exports and reconciliations |
The exact filing obligation should be checked against the company’s FYE, IRAS notices and current filing status.
From the first transaction. Bank movements, sales, expenses, capital and shareholder payments should be supported and recorded.
Some companies may qualify for an ECI filing waiver. The position should be checked against current IRAS conditions and the company’s revenue and ECI.
The applicable return depends on the company’s eligibility and tax matters. The accounts and tax computation should be prepared before choosing the form.
Not automatically. GST registration, return preparation and transaction review should be confirmed separately.
Prior-period cleanup can be assessed after reviewing the bank statements, filings, accounts and available supporting documents.
Send us your company status and available documents. ProSec will explain the relevant scope, fee and next step.
