Tax Planning
Tax planning is a critical aspect of financial management for individuals and businesses, helping to minimize tax liabilities and maximize savings. We offer comprehensive tax planning and advisory services to help clients navigate the complexities of tax laws and regulations effectively.
Our team of tax professionals specializes in various areas, including corporate tax planning, individual tax planning, and international tax compliance. Whether you’re looking to optimize tax strategies, resolve tax disputes, or ensure compliance with tax laws, we’re here to provide expert guidance and support every step of the way.
From conducting tax reviews and identifying tax-saving opportunities to preparing and filing tax returns, our tax services are designed to help clients achieve their financial goals while minimizing tax risks. Partner with us to develop customized tax strategies that align with your objectives and maximize your tax efficiency.
Services We Offer
Company Income Tax
Singapore imposes a territorial-based tax system, whereby only income derived from or remitted to Singapore is subject to taxation. Company Income Tax is levied on the chargeable income of companies operating in Singapore. Our Company taxation package provides comprehensive guidance and support to ensure compliance with Singapore’s tax regulations while optimizing tax efficiency for your business.
Goods and Services Tax (GST)
Goods and Services Tax (GST) is a consumption tax levied on the supply of goods and services in Singapore. Businesses that exceed the annual revenue threshold are required to register for GST and charge GST on their taxable supplies. Our GST service offers expert guidance and support to help businesses comply with GST regulations and maximize tax efficiency.
Personal Income Tax
Personal Income Tax is levied on the income earned by individuals residing in Singapore. Tax residents are taxed on their income derived in Singapore and certain foreign income remitted to Singapore. Our Personal Income Tax service offers expert guidance and support to individuals in managing their tax obligations and maximizing tax savings.
Apply Certificate of Residence (COR)
The Certificate of Residence (COR) is a document issued by the IRAS to confirm the tax residency status of a Singapore resident for the purpose of claiming benefits under double taxation agreements (DTAs) with other countries. Our Apply Certificate of Residence service assists businesses and individuals in obtaining CORs to avail themselves of tax benefits and avoid double taxation.
E-Stamping
E-Stamping is a digital stamping system implemented by the Singapore Stamp Office for the payment and verification of stamp duties on legal documents and transactions. Our E-Stamping service offers convenient and efficient stamping solutions to businesses and individuals, ensuring compliance with stamp duty requirements and facilitating seamless transactions.
Transfer Pricing
Transfer Pricing refers to the pricing of transactions between related parties, such as subsidiaries, affiliates, or branches of multinational corporations, for the transfer of goods, services, or intellectual property. Singapore has stringent transfer pricing regulations to ensure that related-party transactions are conducted at arm’s length prices. Our Transfer Pricing service offers expert guidance and support to businesses in complying with transfer pricing requirements and managing transfer pricing risks.
Tax Equalization
Tax Equalization is a process used by multinational corporations to ensure that employees on international assignments are not financially disadvantaged due to differences in tax regimes between their home and host countries. We offers comprehensive support to businesses in managing tax liabilities and ensuring equitable treatment of employees on international assignments.
Withholding Tax Services
Withholding Tax is a tax deducted at source on certain types of income, such as interest, royalties, and dividends, paid to non-residents of Singapore. Businesses making payments to non-residents are required to withhold tax at the prescribed rates and remit the tax to the IRAS. Our Withholding Tax services offer expert guidance and support to businesses in complying with withholding tax requirements and managing withholding tax obligations.
GST Registration
In Singapore, companies have the option to voluntarily register for GST, even if their turnover falls below the expected $1 million threshold. For those considering voluntary registration, it is recommended to conduct a cost-benefit analysis to assess the potential impact of GST registration on their business operations and reporting procedures.