Tax Services

Tax Services


Tax Services



Accounting Consulting Pte. Ltd. offers a comprehensive range of tax services in Singapore in line with the Inland Revenue Authority of Singapore (IRAS). We not only help you to comply to all tax regulations in Singapore to avoid hefty fines and penalties, but also provide you with professional tax planning and advice. 


Over the years, Accounting Consulting Pte. Ltd. has a built a team of experienced professionals with the knowledge and expertise to provide practical advice to our clients as well as to ensure that our clients comply with the IRAS regulations on a timely, effective and efficient manner. Furthermore, we have over 20 years of experience in managing a wide range of queries raised by IRAS.

 

Our Tax Services include:

1.             Corporate Income Tax



Every corporation must abide to IRAS requirements and submits its tax return to IRAS. Here, we have over 20 years of experience in managing a wide range of queries raised by IRAS.

Our tax professionals can provide you the following: -

  • Corporate tax planning and advice
  • Filing of ECI (Estimated Chargeable Income) to IRAS
  • Preparing tax computation and schedules
  • Filing of Form C/Form C-S to IRAS 
  • Managing and responding to IRAS inquiries 
  • Managing IRAS audits and investigations
  • Providing timely reminders of deadlines  




2.             Goods & Services Tax (GST) 




GST is a broad-based tax that is levied on the import of goods and almost all supplies of goods and offering of services in Singapore. Almost all the types of goods and services are taxable supplies except for exempted supply (such as financial services, importation and local supply of investment precious metals and selling or leasing out residential property).
 

Depending on your situation, GST registration may be compulsory or voluntary. GST registration requires you to comply with the “Goods and Services Tax Act”.  Upon GST registration, you can claim/recover the GST you have incurred for your company’s purchases. 


GST registration is compulsory: -

  • If your annual taxable turnover exceeds $1 million at the end of every calendar year (i.e. 31 December); or
  • If at any time, you can reasonably expect your taxable turnover in the next 12 months to be more than $1 million


Our tax professionals can provide you the following: -

  • GST advice 
  • Applying / registering for GST 
  • De-registering for GST 
  • Managing and responding to IRAS inquiries 
  • Managing IRAS audits and investigations
  • Making voluntary disclosures of errors to IRAS to mitigate penalty exposure 
  • Preparing and submitting quarterly GST returns 
  • Providing accounting support for GST compliance

 

3.             Personal Income Tax



Personal income tax rates in Singapore are one of the lowest in the world. To determine the Singapore income tax liability of an individual, one needs to first determine the tax residency, the amount of chargeable income and then apply the progressive tax rate to it.


Our tax professionals can provide you with the following: -

  • Personal tax planning and advice
  • Preparing tax computation and schedules 
  • Filing of Form B, Form B1 and Form P 
  • Managing and responding to IRAS inquiries 
  • Managing IRAS audits and investigations
  • Providing timely reminders of deadlines  
  • Providing accounting support for Partnership 



How can we help you?

Singapore Tax is complicated, fast-changing and onerous with myriad rules, conditions and timelines. Failure to comply with the tax regulations will incur hefty fines and penalties from IRAS.  Our team is equipped with the skill and knowledge on tax filing matters. With more than 18 years of experience, we have helped tonnes of clients in their tax returns. We have also helped our clients to address a wide range of queries that were raised by IRAS over the years. With us with you, you can: -

  •  Save money with proper tax planning and smart tax-saving decisions 
  • Save money from costly mistakes and fines 
  • Save time from managing various tax requirements 
  • Resolve all tax issues effectively and efficiently by a tax professional 
  • Reduce risk of IRAS audits 




Contact us

Contact Contact us NOW (Tel: 6481 8101, Email: enquiry@accountingconsultancy.com)


Some of our Clients