Tax Services in Singapore
ISC Singapore offers a full range of tax services, along with accounting services in Singapore, to businesses. ISC’s taxation services are flexible depending on the unique needs and actual conditions of your company. Our experienced tax professionals will handle the taxes that your company is liable for. They have expertise in taxes and strong awareness of the benefits that the government is offering. Thus, engaging our services will help you to save money and give you ample time to focus on the growth of your company. Through tax advice and assistance, our staff will enlighten you on the various aspects of taxation including tax deductions and tax breaks.
Company Income Tax
A company must have efficient tax management and, with the assistance of our tax professionals, this goal is easily attainable. Our professionals, who are registered as members of the Singapore Institute of Accredited Tax Professionals, will help you plan effective tax strategies. Use our company taxation package to avoid the tax implications of every decision you make which can cost you significant amounts of money.
Goods and Services Tax (GST)
GST refers to a consumption tax levied on nearly all goods and services in Singapore. Companies with over S$1-million taxable supplies of goods and services must register for GST and submit quarterly GST returns. Our tax professionals will guide you in completing the registration form and completing the GST course.
GST Assisted Self-help Kit (ASK) Review
ASK is a self-assessment package designed to help companies manage their GST compliance effectively. Taking the package from ISC means you will have a personal consultant to go through all stages of the ASK process.
Personal Income Tax
Personal income tax is not as complicated as corporate tax. The personal income tax rates in Singapore are among the lowest in the world. To know your personal income tax, you must first determine some factors such as the tax residency, amount of chargeable income, and the progressive tax rate. This may be a lot of work for a busy individual. Thus, our professionals are always ready with our superior assistance.
Transfer pricing is the pricing of goods, services, and also intangibles between involved parties such as head offices, branches, representative offices, and subsidiaries. Transfer pricing is a good tool to avoid corporate tax. To make an effective transfer pricing strategy, use our transfer pricing service.
Tax equalization is important to avoid any tax implications of the assignment of someone to work in a foreign country such as different tax rates, and double taxation. This tax process makes sure that the assigned one will not suffer from the tax consequences. To better protect your income from such consequences, use our tax equalization service as well as other tax services in Singapore.
Withholding Tax Services
Singapore withholding tax is the tax charged to a non-resident company or individual that derives income from a Singapore source for providing services or carrying out work in Singapore. When payment is made by a Singapore company or individual to a non-resident for services, a certain percentage of that payment is required to be withheld.
In Singapore, a company is still allowed to register for GST on a voluntary basis even if the turnover is below the expected $1 million. For companies who wish to do so on a voluntary basis, it is advised that they first perform a cost-benefit analysis on the impact that GST registration will have on the business and reporting process.
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Alternatively, you may wish to give us a call at +65 8815 7966 or visit us at our offices at 334 Kreta Ayer Road, #01-05, Singapore 080334 between our opening hours of 9am to 5pm.