Singapore legislation
Regulation 4
of Income Tax (Filing of Estimates of Chargeable Income) Rules 2017
Regulation 4
Exemption for company from furnishing estimate of chargeable income
A company is exempt from section 63(1) of the Act in respect of a year of assessment if —
(a)
its revenue in that year of assessment —
(i)
where the accounting period to which the year of assessment relates ends before 1 July 2017 — is not more than $1 million; or
(ii)
where the accounting period to which the year of assessment relates ends on or after 1 July 2017 — is not more than $5 million; and
(b)
the estimate of its chargeable income for that year of assessment is nil.