Services

Corporate Income Tax

• Preparation of tax returns and tax computation
• Assisting the company to deal with Inland Revenue Authority of Singapore (“IRAS”) queries, disputes and audits
• Application for Certificate of Residence (“COR”) for tax residents

Sole-Proprietorship / Partnership Income Tax

• Preparation of tax returns, 4-line statement, tax computation and the necessary supporting schedules for submission to the IRAS
• Assisting the business firm to deal with IRAS queries, disputes and audits

Individual Income Tax for Locals

• Preparation of individual tax returns and tax computation for submission to the IRAS
• Assisting the individual to deal with IRAS queries, disputes and audits

Individual Income Tax for Foreigners

• Preparation of individual tax returns and tax computation for submission to the IRAS
• Preparation of Form IR21 and obtaining tax clearance from IRAS before the foreign individuals leave Singapore or change jobs in Singapore
• Application for Not Ordinarily Resident (“NOR”) status
• Assisting the individual to deal with IRAS queries, disputes and audits

GST

Goods and Services Tax (“GST”) is a broad-based consumption tax levied on the import of goods (collected by Singapore Customs), as well as nearly all supplies of goods and services in Singapore.

As a business, you must register for GST when your taxable turnover exceeds $1million at the end of any calendar year on or after 1 Jan 2019. If your business does not exceed $1 million in taxable turnover, you may still choose to voluntarily register for GST after careful consideration.

• Application for GST registration / de-registration
• Application for GST exemption
• Preparation and submission of GST F5 return
• Pre-registration GST claims
• GST Assisted Self-help Kit (ASK) Annual Review
• Assisting the company to deal with IRAS queries, disputes and audits

Withholding tax

A person who makes payments of a specified nature (eg. Royalty, Interest, Technical Service Fee, etc.) to a non-resident company or individual is required to withhold a percentage of that payment and pay the amount withheld to IRAS.

• Preparation of Form IR37 / online submission for the Withholding Tax return on certain payments to non-residents of Singapore

Voluntary Disclosure Program

The IRAS Voluntary Disclosure Programme (“VDP”) aims to encourage taxpayers that have made errors in their tax returns to voluntarily come forward to correct their errors. IRAS is prepared to reduce penalties for voluntary disclosures which meet the qualifying conditions.

• Assisting the company to review its prior years tax submission

• Application under VDP for errors returns / forms in relation to: Individual / Corporate Income Tax, GST, Withholding Tax and Stamp Duty

Tax Advisory

• Tax planning and advisory including reviewing the group structures and reviewing tax treaties for tax efficiency