TAX ADVISORY & COMPLIANCE SERVICES - Bestar

1. TAX ADVISORY & COMPLIANCE SINGAPORE TAX ADVISORY & COMPLIANCE SOLUTION PROVIDER

2. Welcome!! “ Bestar’s Tax Advisory And Compliance is a comprehensive financial planning service catering to the needs of organizations in Singapore as per the regulatory mechanisms of Singapore Tax planning and compliance. We take into consideration your organization’s financial structure from a long-term perspective and integrate our expertise into it so that you can get financial planning optimization. Our clients are all hard-working business owners who only want to ensure meeting their business goals every single day! “

3. SERVICES SINGAPORE COMPLIANCE IN CORPORATE TAX 1. Tax Compliance and corporate tax filing might not be an easy task for you, especially when you have a very limited amount of resourc es at your end. 2. Personal Income Tax Filing Services Singapore we help them identify their deductions and reliefs through which they can structure their future growth. We factor in their growth in tax-efficient methodologies. 3. COMPLIANCE IN SINGAPORE GST Goods and Services Tax in Singapore is a wide tax regime that is levied on goods that are imported and supplied and all the services that are offered in Singapore. SINGAPORE GST REGISTRATION 4. GST is in a lot of ways similar to the concept of Value Added Tax in different countries. Company GST registration in Singapore is easy.

4. SINGAPORE COMPLIANCE IN CORPORATE TAX Singapore Corporate Tax Compliance & Advisory Services for the best in the industry! Why are Singapore Corporate Tax Compliance Services essential? Bestar is a pioneering name in the Singapore Corporate Tax Advi sory realm. We are tax compliance specialists who provide corpo rate tax filing services and corporate tax advisory services to organizations of all sizes as well as to individuals. Tax compliance in Singapore becomes easy with our methodologies and planning mechanisms that are ultimately aimed at your organization’s growth. Singapore Tax compliance specialist team at Bestar has robust mechanisms, technical know-how and are well-versed in everything related to compliance in Singapore. Essentials for Corporate Tax Filing •An annual tax return, which is composed of all corporate documents and statutory filings and returns which is supposed to be submitted to IRAS by the 30th of November. •Annual Return containing important information of your orga nization, including the registration details and financial state ments. The return is supposed to be submitted with the ACRA. •Financial Accounts, including the statement of changes in e quity, balance sheet and cash flow statement, key notes, and the income-expenditure statements are to be submitted as per the regulatory standards of the Accounting Standards Co uncil of Singapore. •Filing of estimated chargeable income (ECI) is necessary to allow better tax deductions •Minutes of the Annual General Meeting of your organization

5. PERSONAL INCOME TAX COMPLIANCE IN SINGAPORE Significance of Compliance in Personal income tax in Singapore How can we help you with Income Tax Compliance in Singapore? In Singapore, personal income tax for individuals is based on an annual basis – for every calendar year. This means, that from January 1st to December 31st, your personal income will be assessed on the basis of preceding years. Annual personal tax filing and returns are supposed to be submitted with the IRAS by April 1 5th of the consecutive year. Not being able to comply with the regulations of IRAS would result in penalties and fines for individuals. If situations worsen, summons might be included as well. • We assist our individual clients with specific tax filing packages that allow you to compute your taxable amounts with us, including deductions. • We also provide all tax advisory and support as per specific schedules in our package • We comply with the IRAS regulations to properly file your tax returns and reports. • We help you garner the best tax exemptions and deductions to optimize your personal savings and your future growth.

6. COMPLIANCE IN SINGAPORE GST Singapore GST Compliance Benefits of filing and registering with GST in Singapore Goods and Services Tax in Singapore is a wide tax regime that is levied on goods that are imported and supplied and all the services that are offered in Singapore. GST returns are supposed to be submitted periodically (monthly in Singapore) by all organizations with their personal GST Registration number. The return shall be detailed, containing all taxable supplies and the inputs. Payment of any GST liability shall be paid by the organizations by the deadline of the next return. If any organizati on comes across a case of the tax credit, wherein their submitted GST amount is exceeded by the amount of GST charged on their sales, the same amount shall be credited to the organization within three weeks of the deadline. A GST Registration provides you with some major be nefits • Owning a GST registered business organization ca n help you claim your GST amount you have already i ncurred on your organizational growth and business e xpenditures. • Paying excessive GST taxable amounts can help y ou claim the difference incurred from the IRAS as a re fund. We are Singapore GST Compliance specialists who o ffer you our undivided attention and support at every s tep! Contact us and allow us the opportunity to serve you.

7. SINGAPORE GST REGISTRATION GST or Goods and Services Tax Registration Services in Singapore Basic requirements before you register for GST in Singapore GST or Goods and Services Tax is a type of tax regime which is levied on the import and supply of goods in the perimeters of Singapore, including the services rendered in the region. Every organization in Singapore, whose annual turnover (taxable) goes over S$1 million shall register for GST and submit returns periodically. The Current rate of GST is set at the rate of 7 % in Singapore – all on the purchase and supply of goods that add value and the services that are offered in the region. GST is in a lot of ways similar to the concept of Value Added Tax in different countries. Company GST registration in Singapore is easy. All you have to do is partner with Bestar.GST as a tax regime is a self-assessed one. Organizations and companies are regularly advised to assess their taxable amount and file the returns periodically under the GST regulations. Every organization is supposed to register to GST on its own! • Your business should already be registered with ACRA • Your business should have a separate business bank account • Your business activities should be defined clearly in terms of revenues for the coming 12 months • All your documents must be prepared and furnished before you make your first sale If you still cannot catch a breath over the GST regulations and documentation required, Bestar – one of a kind of GST registration Service provider in Singapore is always going to be there. As one of the leading names among different GST registration firms in Singapore can assist you right from the beginning – from registering to final return filing. We have managed to bring pleasure to all our clients. Allow us to assist you while you venture on to be successful for years to come.

8. Thank you Bestar Services Pte. Ltd +65 62994730 admin@bestar.com.sg www.bestarservices.com.sg