Quals

Taxation

In Singapore, it is mandatory for every company to fulfill its tax obligations by paying taxes on the income earned in the preceding financial year. The timely submission of specific tax forms is a vital aspect of this annual process. To ensure optimal tax management, staying well-informed about the latest schemes and rebates introduced by IRAS is essential, as they can potentially lead to a reduction in the overall tax liability.

Our team of highly knowledgeable taxation consultants is well-versed in the latest tax compliance requirements and schemes. By engaging with our consultants, you can benefit from their expertise and guidance, ensuring seamless tax compliance while maximizing available opportunities to minimize tax payments. Allow us to assist you in navigating the complexities of Singapore’s tax regulations, so you can focus on driving your company’s success.

Our Expertise

  • Preparation of Tax Computation and relevant schedules
  • Filing of Estimated Chargeable Income (ECI) 3 months after Financial Year End
  • Filing of Corporate Income Tax Return (CITR) in Form-C/ Form C-S/ Form C-S (Lite) in the relevant Year of Assessment
  • Liaison with IRAS to answer queries relating to your tax matters
  • Transfer Pricing Documentation
  • GST Registration/De-registration
  • GST Exemption
  • GST Remission
  • GST Review (Analyzing current GST compliance and suggesting the best practice for avoiding any future litigation)
  • Filing of GST return on Form 5
  • Providing of Self-help Kit to assist in GST compliance (ASK) which is compulsory when applying for following schemes:
    • Approved Contract Manufacturer & Trader Scheme (ACMT);
    • Major Exporters Scheme (MES);
    • Approved Marine Customer Scheme (AMCS);
    • Approved Import GST Suspension Scheme (AISS);
    • Approved Refiner & Consolidator Scheme (ARCS); and
    • Import GST Deferment Scheme (IGDS).
  • Preparation of Tax Computation and tax schedules (including employment income, rental income, trade income, etc)
  • Filing of Form B/B1/P/M
  • Form IR8A/ Auto Inclusion Scheme (AIS) for Employment Income
  • Form IR21 (Tax Clearance for Foreign & SPR Employees)
  • COR (Certificate of Residence) application (letter certifying that you are a tax resident in Singapore for the purpose of claiming benefits under the Avoidance of Double Tax Agreements (DTAs).
  • Filing Trust Income Tax (Form T)
  • Withholding Tax