Corporate Tax Filing Services
Corporate tax filing services is the process by which businesses and corporations report their financial information and calculate the taxes they owe to the government. The specific requirements and procedures for corporate tax filing services can vary depending on the country and jurisdiction in which the business operates. Here's an overview of the process:
 

• Financial Records Preparation:
  Before filing corporate taxes, businesses need to ensure that their financial records are accurate and up to date. This includes organizing financial statements, income and expense records, and other relevant financial documents.
   

• Determine Taxable Income:
  Businesses need to calculate their taxable income by subtracting allowable deductions and expenses from their total revenue. Tax laws typically define what expenses are deductible and what are not.
   

• Complete Relevant Forms:
  Businesses are required to complete specific tax forms provided by the tax authority. These forms can vary depending on the jurisdiction and the business's legal structure (e.g., corporation, LLC).
   

• Report Income and Deductions:
  On the tax forms, the business reports its total income, broken down into various categories, and lists the eligible deductions and expenses it plans to claim.
   

• Calculate Taxes Owed:
  Based on the taxable income and the applicable tax rates, businesses calculate the amount of taxes they owe to the government.
   

• Pay Estimated Taxes:
  In some jurisdictions, businesses are required to make estimated tax payments throughout the year. These payments are based on the expected annual tax liability and help businesses avoid large tax bills at the end of the year.
   

• Complete Schedules and Attachments:
  Depending on the complexity of the business's financial situation, additional schedules and attachments may be required to provide detailed information about specific transactions or deductions.
   

• Filing Deadline:
  Corporate tax filings have specific deadlines set by the tax authority. Businesses need to ensure that they submit their tax returns on time to avoid penalties or interest charges.
   

• Tax Payment:
  Along with filing the tax return, the business usually needs to remit the tax payment. This can be done electronically or through other methods specified by the tax authority.
   

• Review and Verification:
  Before finalizing the submission, it's important to review the tax return and ensure that all information is accurate and complete. Errors or omissions can lead to delays or problems with the tax filing.
   

• Compliance and Documentation:
  After filing, businesses should retain copies of their tax returns, supporting documents, and any correspondence with tax authorities for a specified period in case of audits or inquiries.
   

Benefit From The Singapore Tax System Today
Singapore is nowadays called the playground of Asia – the hub of the continent and a desired place to live, work and play. But to top it all, and which probably is the foremost attraction for foreigners wishing to relocate to the city-state, is the country’s people-friendly income tax filing policies and Singapore tax rates. 

The Singaporean tax system makes it very easy for you to avoid the large Income and Corporation Tax costs that other nations nearby can provide. As such, it makes Singapore a haven for business in Asia. However, while the system itself might be complex to follow, the benefits that it offers are easy to see.

For one, you will pay one of the lowest rates of Corporation and Income Tax that you will find anywhere in the region – or in the world. This makes it easy for you to register a business here and benefit from commercially friendly business rates. However, the expectation is that all taxes will be handled and administered correctly – and on time.

Finding the time to do that on your own, though, is a nightmare. You should consider hiring an accounting and tax services firm.

Let us help you →

Personal Tax Filing Services
In Singapore, non-Singaporeans and non-Singapore Permanent Residents are treated as foreigners for tax purposes; and are liable to income tax on all income derived from or accrued in Singapore. How much they pay depends on their tax-residency status, with the cut-off periods being 60 days and 183 days. It is also important to note that if a foreigner is issued with a work pass that is valid for at least one year, he or she is treated as a Singapore tax resident upfront.

Our tax consultation specialists possess extensive advisory and compliance experience and can help you with your income tax filing needs.

We offer the following personal tax filing and tax preparation services in Singapore:

• Registration for new tax payers
• Preparation and filing of income tax returns based on your income
• Determination of possible deductions and reliefs that are applicable to you
• Request for extension of deadline, if necessary
• Preparation of Form IR8A/IR21 for employees
• Tax planning and tax advice

Tax Planning
Tax planning in Singapore implies finding a suitable way of reducing tax liability in a legal manner. Luckily, the Inland Revenue Authority in Singapore (IRAS) provides various tax exemptions that can be used as efficient tax optimization tools and thus obtain numerous benefits. To these, there is also the fact that Singapore is deemed as one of the most important financial hubs in Southeast Asia and offers increased confidence to all investors coming here.

Tax planning services provided by our accountants in Singapore
Our specialists are at your service with the following tax planning solutions in Singapore:

1. Tailored support in drafting and filing income tax returns with the IRAS;
2. Providing assistance in finding the suitable tax deductions and exemptions you can obtain;
3. Optimization of the tax benefits you or your business is entitled to;
4. Obtaining various tax incentives for companies in accordance with the industries they operate in;
5. Other services based on the needs of private and corporate clients.