Corporate & Personal Tax Services in Singapore

Our Singapore-based professional tax advisors are committed to ensuring your compliance with tax regulations and maintaining the accuracy and timeliness of your filings to keep your business in good standing. By leveraging our tax services, you can minimise risks legally and strategically, freeing up valuable resources to focus on core business growth.

Corporate & Personal Tax Compliance

Why Choose Us For Tax Advisory Services

Local Specialist

Local Specialists

Our team of tax advisors possesses the local knowledge and insights needed to navigate the complexities and challenges of Singapore’s regulatory landscape.
Accurate filings & returns

Accurate Filings & Returns

Avoid penalties and late fees. Our tax consultants can ensure precise and punctual tax return filing, alleviating compliance-related stress for smooth business operation penalties and late fees.
Professional tax advisory

Professional Tax Advisory

We provide strategic tax guidance services for optimal fiscal efficiency. With our experienced Singapore-based tax advisors, we aim to minimise your tax liability and maximise savings.

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

Corporate Tax and Personal Income Tax

Our tax compliance services offer expert guidance on navigating corporate and personal income tax regulations, ensuring compliance and efficient financial management in Singapore. By working closely with our seasoned tax advisors, you can minimise tax liabilities and maximise savings, ensuring your financial decisions are both strategic and effective.

Corporate Tax

Corporate Tax Compliance

  • Preparing and filing Estimated Chargeable Income (ECI).
  • Preparing and submitting Corporate Annual Income Tax Returns (Form C / Form C-S / Form C-S Lite / Form C for dormant companies) and providing advice on applicable tax incentives when preparing tax computations.
  • Verifying assessments issued by IRAS.
  • Lodging objections and submitting appeals.
  • Applying for a waiver to exempt the submission of Income Tax Returns for dormant or struck-off companies.
  • Assisting with Withholding Tax compliance, including applying for a Certificate of Residence.
  • Addressing Corporate Tax investigations and responding to queries raised by the Inland Revenue Authority of Singapore (IRAS).
  • Providing ad-hoc advisory services on Corporate Tax treatment.

Goods and Services Tax (GST)

  • GST registration on a compulsory or voluntary basis.
  • Review and submission of quarterly GST returns (Form 5).
  • Perform a reassessment of past GST filings and, if necessary, initiate a revision of the return (Form 7).
  • Addressing GST investigations and responding to queries raised by the Inland Revenue Authority of Singapore (IRAS).
  • Providing ad-hoc advisory services on GST treatment.

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 Can Help with Corporate and Personal Tax

Businesses Established in Singapore

Our tax consultants assist Singapore-based businesses of all sizes in managing their tax responsibilities. Whether you're a start-up or an established enterprise, we offer comprehensive tax planning, preparation, and filing services.

Businesses Expanding their Operations to Singapore

We provide expert tax advisory services to global businesses, guiding them through initial compliance with Singapore's tax laws and ensuring ongoing adherence to all regulations for a seamless setup and continued operation.

Expats Residing in Singapore

Confused about your tax responsibilities as an expat in Singapore? Our tax consultants provide clarity and assistance, ensuring compliance with both local and your home country's tax regulations.

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. 

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.

Not Sure Where to Begin?

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.

Explore Our Other Comprehensive Services

Business Registration

Beyond Singapore, we streamline the process for company registrations in Malaysia. Our team will manage the entire process on your behalf, ensuring a smooth setup without requiring you to travel.

Company Secretarial Services

Are administrative duties slowing you down? Leverage our corporate secretary services for seamless management of your compliance requirements, allowing you to focus on business growth.

Tax Compliance

You can also access reliable outsourced accounting and bookkeeping services, including budgeting and forecasting, cash flow management, payroll processing, and strategic financial analysis to support your business growth.

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.

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