One of the most important attraction for Singapore company incorporation – along with very low personal taxation rates – is Singapore’s territorial tax system, which means that tax is imposed on all income accrued in or derived from Singapore, as well as on all foreign-sourced income remitted to Singapore, with certain qualifying exemptions. There also the Goods and Services Tax (GST) to take care of, which is a broad-based consumption tax levied on the import of goods , as well as nearly all supplies of goods and services in the country. If all of these seem complicated and you want to benefit from Singapore’s business-friendly taxation policies, we are here to help. Aided by a sound understanding of Singapore’s regulatory tax landscape, we take care of all your taxation obligations so that you can concentrate on growing your business, and set your firm on a path to success.
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We offer the full spectrum of taxation service as follows:
All companies must submit annual tax returns to the Inland Revenue Authority of Singapore (IRAS). The deadline to submit audited or unaudited accounts is 30 November annually. Singapore adopts the preceding year basis taxation. Therefore, the profits for the financial year ending in the preceding year will form the basis for filing the tax returns in the current year. Learn More »
Singapore Tax adopts a progressive personal tax rates, relative to an individuals amount of income. It is mandatory under law to file for your annual personal tax returns to IRAS by 15 April of every year. IRAS diligently enforces the requirements relating to the filing of the personal tax. Learn More »
The pricing of services, goods and intangibles that happens related parties is called Transfer pricing. Related parties should adopt for transfer pricing. Taxpayers should prepare and keep transfer pricing documentation ready to show that their related party transactions are conducted at arm’s length principle. Learn More »
ECI, also known as Estimated Chargeable Income (ECI), is an estimate of a company’s chargeable income for a Year of Assessment (YA). Every company is required by IRAS to submit an ECI within 3 months from the end of each financial year. However, with effect from YA 2013, a new administrative concession applies to companies with a financial year ending October 2012 or after. Learn More »
According to Singapore’s Income Tax Act, a person must withhold tax when payment of a specified nature is made to non-residents companies. This is called the Withholding Tax, whose rate depends on the nature of payment, and varies from 10% to 17%. Our reputation as one of leading Singapore tax agents and corporate services provider is unmatched, and we can help you deal with the integrities of Withholding Tax in Singapore. Learn More »
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Liaise with a dedicated account manager when you engage us for accounting, compliance, taxation and budgeting services. Our licensed specialists will attend to your tax and accounting needs thoroughly.