Most companies incorporated in Singapore are required to prepare their financial accounts annually in accordance with the Singapore Financial
Frequently Asked Questions : Taxation & Accounting
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
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 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
Incorporated companies are separate legal entities. The registration liability of an incorporated company will be determined on its own. It is
“Taxable Turnover” is the total value of all taxable supplies made in Singapore (excluding Goods & Services Tax (GST)) in the course of
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