new companyNew corporations included in 2016 are required to file the ECI within three months from the company’s first monetary 12 months finish. If your company closed its first set of monetary statements within the yr of incorporation and has commenced enterprise or was in receipt of any income, please request an revenue tax return filing notification letter from IRAS by May of the 12 months following the year of incorporation, by submitting this way Request for Income Tax Return (Form C-S/ C) and Notification of New Monetary Year Finish ” to IRAS by publish or email.

Part 15 amends Part 6 of the Firms Act 2014 by inserting a new Chapter 1A (sections 280A – 280H) which provides for the factors for firms to qualify as small”, medium” or large”, and introduces the brand new micro” class of firm Micro companies are very small corporations and may qualify for abridgement and audit exemptions if eligible.

For Baker Hughes, the deal helps it grow in dimension and develop into a good-extra necessary participant within the business after antitrust considerations scuttled a tie-up last year with rival Halliburton Co The GE deal vaults the merged business previous Halliburton to rival only Schlumberger NV for dominance within the international oilfield service market.

If the B1 signature page is just not printed, signed and delivered to the CRO within 28 days of the B1 being submitting online, the annual return shall be late and the company will incur late penalties and lose audit exemption within the current 12 months and within the following year.