Corporate Tax Services

EVER WONDER IF YOU ARE PAYING TOO MUCH TAX? WE FEEL YOU.

We understand that you do not have the luxury of time to keep yourself up-to-date with constant changes in tax laws and regulations, so we are here to do it for you. We can provide timely advice so you can enjoy tax savings and liaise with IRAS for any issues you may have.

CORPORATE INCOME TAX

  • Preparing and computation of Estimated Chargeable Income (ECI) & FORM CS.
  • Submission of Tax forms to Inland Revenue of Authority of Singapore (IRAS).
  • Handling Basic Tax queries and Tax audits from IRAS.

PERSONAL INCOME TAX

  • Preparing and computation of FORM B.
  • Submission of Tax forms to Inland Revenue of Authority of Singapore (IRAS).

Frequently Asked Questions:

What are Company’s Tax Filing Requirements?

  • According to the Inland Revenue Authority of Singapore (IRAS), you could face a fine of up to $10,000 and a penalty equal to 10% of the GST due.
  • Your date of registration will be backdated to the date you are liable for registration, and you will have to account for and pay GST on your past sales,¬†even if you did not collect any GST from your customers.

What are the common mistakes made by Corporate Tax Payers?

  1. All earnings and invoices issued for goods sold or services performed should be properly accounted for Understatement of income is an offense, e.g. omission of invoices issued or receipts.
  2. Inadequate or dishonest record-keeping and accounting practices that result in understated sales or overstated expenses in their tax returns.
  3. Claiming deductions for non-deductible expenses such as private expenses on entertainment and private motor vehicle expenses.

 

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