Corporate and Personal Tax Compliance

Corporate & Personal Tax Compliance in Singapore

Our team of professional tax agents is committed to ensuring your compliance with tax regulations, maintaining the accuracy and timeliness of your tax filings to keep your business in good standing.

Corporate & Personal Tax Compliance

Sustaining Your Tax Compliance

Local Specialist

Local Specialists

Equipped with local knowledge and insights, our team is adept at navigating the complexities and challenges of the local regulatory landscape.

Accurate filings & returns

Accurate Filings & Returns

Avoid penalties and late fees. We ensure precise and punctual tax return filing, alleviating compliance-related stress for smooth business operations.

Professional tax advisory

Professional Tax Advisory

We provide strategic guidance for optimal fiscal efficiency. With our experienced tax agents, we aim to minimize your tax liability and maximize savings.

Tax Compliance Services

Corporate Tax
and Personal Tax

Our tax compliance services offer expert guidance on navigating complex tax regulations, ensuring compliance and efficient financial management for your business. By working closely with our seasoned advisors, you can minimise tax liabilities and maximise savings, strengthening your organisation's financial position.

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.

FAQ

Frequently Asked Questions

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 companies derive only passive incomes such as dividends and interest income, while the real estate industry typically incorporates a new company for each new property development.
  • The purpose of the start-up tax exemption is to encourage entrepreneurship, and hence not intended for such companies. However, these companies are eligible for the partial tax exemption.
If my company does not claim the tax exemption for new start-up companies in any of the first 3 YAs, can I continue to claim the tax exemption in subsequent YAs?

No. The tax exemption is available only for the first 3 consecutive YAs. If your company incurs losses or has no income (e.g. business has not commenced) during any of the first 3 YAs, the tax exemption scheme for new start-up companies is not applicable to your company for that particular YA as your chargeable income and tax payable are nil. However, that particular YA is still included in determining the first 3 consecutive YAs that your company is eligible for the tax exemption for new start-up companies.

Can my company defer the claim for unutilized 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.

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. Instead, you should absorb the GST portion as a business cost.

Not sure where to begin?

Schedule a 30-minute discovery call to discuss starting and operating your company in Singapore.

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