TAX SERVICES

Singapore uses a territorial basis to tax income. Tax is imposed on income derived from, accrued or received (under certain conditions) in Singapore. Income tax is imposed on a preceding year basis. Currently, Singapore imposes no capital gains tax.

The tax administration system is regulated by the Inland Revenue Authority of Singapore (IRAS) which assesses, collects and enforces various taxes, duties and levies.

TAX COMPLIANCE

We assist corporations, clubs, societies and associations, partnerships and individuals with their tax compliance with the Inland Revenue Authority of Singapore.

Our tax services include the following:

  • Preparation and filing of tax returns and computation
  • Withholding tax compliances
  • Responding to queries and notices received from IRAS
  • Representing clients in back taxes, objections and appeals to IRAS
  • Analysis of opportunities for tax savings arising from changes to tax and other legislations
  • Applications for exemption schemes
  • Applications for certificates of residence
  • Estate and succession planning

GOODS AND SERVICES TAX SERVICES

The GST is levied on the sale of goods and services in Singapore by GST-registered traders, and on goods imported into Singapore. The export of goods and international services is not subject to GST. The GST covers almost all goods and services, except for the rental and sale of residential land and buildings in Singapore, and the provision of certain financial services. Businesses whose turnover exceeds S$1 million are required by law to register for GST.

We are able to assist entities with GST planning and to register for GST with IRAS.

We also assist GST-registered entities in monthly, quarterly, half-yearly or annual filing of GST returns.

Find out more here.