With a sound understanding of Singapore’s regulatory tax landscape, we offer corporate tax advisory services in Singapore to help set firms like yours on a path to success. We take care of the essential details so that you can concentrate on growing your business.
As part of our Tax Advisory services, our professionals will guide and support our clients in assessing, reviewing and strategizing their business requirements to develop their ideas and realize their opportunities. Our restructuring team is also well-versed in business turnaround, investigation and insolvency. We will offer a range of personally tailored solutions to resolve their temporary financial setbacks.
In a nutshell, Singapore Tax Advisory offers the following services:
- Effective shareholding structure
- Effective tax structuring/restructuring and planning for local and cross-border transactions
- Tax efficient employment packages
- IRAS Advance Tax Ruling application
- Tax Negotiation and Tax Settlement
Why Engage Singapore Tax Accounting Services
With our leading domain expertise and a team of subject matter experts, we are well placed to help entrepreneurs gain an in-depth understanding of the advantages of incorporating a Singapore company.
Pay the ‘effective tax’
To foster a vibrant business environment, Singapore provides one of the world’s most attractive corporate tax structures. The highest corporate tax rate on taxable income is 17 percent. While the marginal rate is ranked the third lowest in the world, the effective rate, after factoring in the various schemes, works out to be even lower.
The personal tax structure in Singapore is also progressive, with the marginal rates ranging from zero to 22 percent. However, these rates do not include the various tax reliefs the country offers. If residents utilize these various reliefs, their effective tax will be even lower. At Singapore Tax Accounting Services, we can calculate your effective tax rate by helping you utilize all the schemes and reliefs you are entitled to.
If you’re keen to discover the tax-related benefits of setting up your company in Singapore, here’s a quick guide on calculating taxable income in Singapore.
Our experienced and qualified Chartered Accountants (CA) will help you meet all of IRAS’s compliance requirements and avoid penalties enforced by the national tax administrator. Furthermore, we can help you adhere to proper IRAS taxonomy during tax filing periods.
Cross-border taxation expertise
To date, the Singapore government has signed over 21 Free Trade Agreements (FTAs) with 27 economies and 76 comprehensive avoidance of Double Tax Agreements (DTAs). These agreements promote cross-border trading and are aimed at lowering tax barriers to encourage a smoother flow of trade, investment, technical know-how and expertise. With our growing presence across South East Asia, we provide comprehensive advice on FTAs and DTAs to help manage cross-border taxation.
Learn more about foreign sourced income and avoidance of double taxation.
Benefit from exceptional Tax Advisory Services
Engage our Singapore tax advisory services to assist in business turnaround, investigation, or insolvency.