Frequently Asked Questions : Taxation & Accounting

Why outsource accounting?

Most companies incorporated in Singapore are required to prepare their financial accounts annually in accordance with the Singapore Financial

Central Provident Fund (CPF) payments are to be paid monthly and within 14 days after the end of the month for which CPF contributions are due.

The Central Provident Fund (CPF) applies to Singapore citizens and permanent residents earning more than S$50 a month.

As a Singapore subsidiary, your company will be entitled to the following benefits: Your company may be eligible for income tax exemption available

The Singapore individual income tax rates for YA 2022 are shown below. Singapore individual / personal income taxes are charged progressively (0% –

The Stamp Duty Tax for property transfer in Singapore is as follows: Value of property Rate (%) First S$180,000 1.0 Next

Income from overseas is taxable in the following scenarios: It is received in Singapore through partnerships established in Singapore Your

Annual accounts are required to be filed with ACRA (Accounting & Corporate Regulatory Authority) and IRAS (Inland Revenue Authority of Singapore)

You need to assess if your company turnover in any past 12 months or the next 12 months is more than S$1 million. If it is, you need to register

The Central Provident Fund or CPF is a mandatory pension fund scheme applicable for all Singapore citizens and Singapore permanent residents earning

The maximum Central Provident Fund (CPF) contribution rate for employer and employee is 16% and 20% respectively and can be lower depending on

The due date or deadline for filing individual taxes or personal income tax is 15 April each year. Late filing or failing to file at all could incur