Validation Meets Velocity
Validation Meets Velocity
Validation Meets Velocity
Validation Meets Velocity
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FAQ
How safe is my company’s data with you?
We comply with Singapore’s PDPA and follow industry best practices, including MAS TRM guidelines. Your data is hosted on trusted cloud infrastructure certified to international standards like ISO 27001 and SOC 2. We also use encrypted connections (HTTPS) and strong access controls.
Together, these measures ensure your company’s data is well protected and handled with care.
What makes iLevvy different?
Unlike other solutions in the market, iLevvy is able to read source financial documents in their raw format, be it PDF or Excel files, hence reducing the need for users to conform to rigid structures. It sets no limit to the number of rows if you submit your GL.
Among other features, iLevvy allows you to file ECI and file actual tax returns without addition costs.
What do I need to prepare a tax computation?
Depending on your tax filing intent, you’ll need to upload only the key documents to file your tax:
- Your income statement (mandatory)
- Your general ledger, or your pre-created schedules (either or both)
- Your previous year’s tax computation (only if there are information to be brought forward)
Think of it as the raw input that are necessary to help you prepare your tax filing, the same input as your human tax preparer would use.
Why do you need last year’s tax computation?
For first-time processing of a case, some figures cannot be worked out from current-year documents alone.
Items such as capital allowances brought forward and renovation and refurbishment balances are determined based on the prior year’s tax computation. Having this information ensures the current year’s tax computation is accurate and complete.
