Tax Advisory Services in Singapore
Get expert guidance on corporate income tax, GST filing, and IRAS compliance with SCS. Our Singapore-based tax consultants help you reduce risk, optimize filings, and stay focused on your business growth. We also support expats and individuals with personal tax filing and advisory.
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Corporate & Personal Tax Compliance
Why Businesses Rely on SCS for Tax Advisory in Singapore
Trusted Tax Consultants in Singapore with 20+ Years’ Experience
IRAS-Compliant Tax Services Delivered On Time
Responsive Tax Advisors Backed by Chartered Accountants
Why Do You Need Professional Tax Services in Singapore?
Engaging professional tax services in Singapore offers numerous advantages for businesses, including:
- Minimised Tax Liabilities: Expert tax advisors can help identify and leverage legal deductions and incentives to reduce your tax burden.
- Guaranteed Compliance: Stay compliant with constantly evolving tax laws and regulations, avoiding penalties.
- Time Savings: Free up valuable time by outsourcing complex tax filings and reporting.
- Strategic Tax Planning: Receive proactive advice to optimise your tax position for future growth and profitability.
- Error Reduction: Tax consultants have the expertise to identify potential pitfalls, avoid misinterpretations of regulations, and ensure accurate filing.
- Peace of Mind: Focus on your core business, knowing your tax matters are handled expertly.
Tax Compliance Services
Our Corporate Tax Services in Singapore
Corporate Tax
Annual Corporate Tax Filing (Form C / Form C-S)
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Prepare and submit Corporate Annual Income Tax Returns (Form C, Form C-S, Form C-S Lite, or Form C for dormant companies).
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Provide advice on applicable tax incentives when preparing tax computations.
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Apply for a waiver to exempt the submission of Income Tax Returns for dormant or struck-off companies.
Estimated Chargeable Income (ECI) Submission
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Prepare and file Estimated Chargeable Income (ECI) with IRAS.
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Offer guidance on timing and thresholds for ECI filing obligations.
Tax Planning and Strategy Development
- Provide ad-hoc advisory services on Corporate Tax treatment.
- Assist with Withholding Tax compliance, including applying for a Certificate of Residence.
- Deliver strategic tax planning to optimise your business’s tax position.
GST Advisory and Filing
- Assist with GST registration (compulsory or voluntary).
- Review and submit quarterly GST returns (Form 5).
- Reassess past GST filings and revise via Form 7 if necessary.
- Provide ad-hoc advisory services on GST treatment.
Assistance with IRAS Queries or Audits
- Verify assessments issued by IRAS.
- Lodge objections and submit appeals when necessary.
- Respond to queries raised by IRAS on Corporate Tax or GST matters.
- Assist with IRAS investigations for both Corporate Tax and GST.
Personal Tax
Personal Tax Compliance
- Preparing and filing your Annual Tax Return (Form B / Form B1 / Form M), including the application of relevant tax reliefs.
- Verifying assessments issued by the IRAS and lodging objections or appeals, if required.
- Developing and structuring remuneration packages to enhance tax efficiencies for expatriate employees.
- Obtaining tax clearance upon the termination of employment in Singapore.
- Providing ad-hoc advisory and tax planning for Personal Tax matters.
Who We Help With Tax Advisory Services
Businesses Established in Singapore
Businesses Expanding their Operations to Singapore
Expats Residing in Singapore
Startups and Growth-Stage Businesses
We offer scalable tax advisory for fast-moving startups—ensuring accurate filings, maximising exemptions, and laying the groundwork for sustainable financial growth.
Meet Our Tax Advisor at Singapore Corporate Services
Summer Chong
Corporate & Personal Tax Compliance
With a career spanning over 10 years, Summer Chong has built a reputation as a trusted tax consultant in Singapore. Her expertise lies in both corporate and personal tax compliance, with an in-depth knowledge of the Singapore Income Tax Act and ever-changing IRAS regulations.Â
Summer has worked across various industries, including retail, food and beverage, manufacturing, and shipping, offering practical, tailored solutions to clients ranging from SMEs to expatriates. Her commitment to understanding her clients’ unique challenges makes her a sought-after advisor for those seeking both compliance and strategic tax planning.
Ready to Optimise Your Corporate Tax Position?
Schedule a 30-minute discovery call with our tax consultants to discuss starting and operating your company in Singapore.
FAQ
Frequently Asked Questions About Tax Services in Singapore
Why are investment holding companies and companies who undertake property development not eligible for the tax exemption scheme for new start-up companies?
Investment holding entities focus primarily on generating passive incomes such as dividends and interest income. On the other hand, companies active in real estate typically incorporate a new company for each venture in property development.
The purpose of the start-up tax exemption was to bolster entrepreneurship and hence, not intended for such companies. Nevertheless, corporate service providers that offer tax services and business incorporation services can guide these companies through eligibility for partial exemptions, ensuring they navigate tax implications efficiently.
How do companies limited by guarantee meet the condition on share capital for the tax exemption scheme for new start-up companies?
For companies limited by guarantee, the mentioned condition will apply to their membership instead. Such companies must have members who meet either of the following conditions:
- All of whom are individuals throughout the basis period for that Year of Assessment (YA) that align with the tax services framework in Singapore for exemptions.
- At least one of whom is an individual throughout the basis period for that YA, and the contribution of that individual under the memorandum of association of the company to the assets of the company in the event of it being wound up amounts to at least 10% of the total contributions of the members of the company throughout the basis period for that YA.
Tax advisors can assist companies in understanding how these conditions affect their eligibility. This is especially important in scenarios involving personal contributions to the company's assets upon winding up, reflecting a direct impact on income and corporate tax considerations.
If my company does not claim the tax exemption for new start-up companies in any of the first three YAs, can I continue to claim the tax exemption in subsequent YAs?
No. The tax exemption is available only for the first three consecutive YAs (Years of Assessment). If your company incurs losses or has no income (e.g. business has not commenced) during any of these years, the tax exemption scheme for new start-up companies is not applicable to your company for that particular YA. This is because your chargeable income and tax payable are nil. However, that YA will still count as one of the first three consecutive YAs when determining your company’s eligibility for the start-up tax exemption.
This underscores the importance of strategic planning with tax advisors in Singapore to navigate the intricate landscape of income tax and corporate tax, ensuring optimal benefits utilisation.
Can my company defer the claim for unutilised tax losses brought forward to maximise the benefit given under the tax exemption scheme for new start-up companies?
No. The company must first set off the unutilised tax losses brought forward against the current year's adjusted profit unless it does not meet the qualifying conditions for set-off. This regulation highlights the critical role of personal income tax services in advising companies on managing their tax positions and leveraging exemptions effectively within the stipulated framework.
Can my company defer the claim for capital allowance to maximise the benefit given under the tax exemption scheme for new start-up companies?
Yes. Your company can defer the claim for capital allowance.
I am not GST-registered. Can I claim GST incurred on my business purchases?
No, if you are not a GST-registered business, you cannot claim the GST incurred on your purchases.
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Learn More About Tax Advisory
Guide to Prepare Your Business for the End of the Financial Year
Learn essential steps to streamline tax reporting and ensure compliance as your business approaches the financial year-end.
5 Questions to Ask Your Accountant at Tax Time
Discover the key questions to ask your accountant to clarify tax strategies, maximise deductions, and ensure accurate filings to support your business growth.
Goods and Services Tax Fraud: Penalties, and How to Avoid It
Understand the consequences of GST fraud, common pitfalls to avoid, and proactive measures to ensure compliance with Singapore’s GST regulations.