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Let Your Tax Matters Be Handled By Experts

There are many kinds of taxes that a company has to deal with. Singapore is one of the countries with the lowest tax rates but you still have to work out the taxes properly and ensure that you file your returns on time. This will save you a lot of trouble and your company will be well within the law. You must prepare the necessary statements to calculate your corporate tax and pay the same on time.<br>

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Let Your Tax Matters Be Handled By Experts

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  1. Let Your Tax Matters Be Handled By Experts

  2. Singapore Tax Tax is a subject that is best handled by experts. It is not something everyone can work on and those who have tried have ended up regretting it. It is not something you can try your hand and make a mistake. An error in your tax calculation can land you in serious trouble with the IRAS. The penalty can be heavy and it could put a black mark on your firm. It is better to let the experts handle all the tax matters as it would keep you within the legal framework. There are many kinds of taxes that a company has to deal with. Singapore is one of the countries with the lowest tax rate Singapore but you still have to work out the taxes properly and ensure that you file your returns on time. This will save you a lot of trouble and your company will be well within the law. You must prepare the necessary statements to calculate your corporate tax and pay the same on time.

  3. Compiling Your Corporate Tax The corporate tax in Singapore is levied at 17% but there are exemption schemes that will help to reduce the tax that the company pays. There is a tax exemption for new companies for the first three years. Companies are exempted to pay tax up to a limit of S$100,000 each year for the first three years. The balance amount is taxed.

  4. Goods and Services Tax Singapore has introduced the goods and services tax under which all the sales of goods and services fall. The tax is levied after the company has crossed an annual turnover of S$1 million. Such companies must register for the GST and file the returns. Companies who have not achieved the stipulated turnover can also apply for GST registration to take advantage of the input tax benefit. But such registration is the discretion of the IRAS.

  5. Calculating and Preparing the Personal Income Tax Returns Company directors are exempt from paying tax on their dividends as it is calculated after the company has paid the tax. This form of Singapore income taxstarts at a zero rate and then progresses on various salary slabs. Singapore residents are not charged for the income that they earn outside the country.

  6. Singapore Office 3ecpa Accounting 51 Goldhill Plaza #07-10/11Singapore 308900, Singapore(Five minute walk from Novena MRT, opposite Revenue House)Directions to our office Contact Us

  7. Thanks! Any questions? Find me @3ecpa.com.sg& info@3ecpa.com.sg

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