As a business owner, every transaction you plan to make may have direct or indirect tax consequences. To achieve tax efficiency so as to enhance your return on investments, it is advisable that various tax issues be considered alongside the planning and structuring of your business. The tax landscape is changing at a rapid pace and expert advice is essential to mitigate tax risk and maintain profitability. We can assist you through our comprehensive tax compliance, tax advisory and transfer pricing services to minimise your effective tax burden.
We can take care of your corporate tax compliance filing with the tax authorities, thereby allowing you to focus on your core business. Apart from preparing and submitting tax computations accurately and quickly, we also manage your business’ tax affairs, resolve any tax dispute and maintain effective relationships with the tax authorities on your behalf.
Our corporate tax services include:
Our tax advisory services are driven by your core business objectives and we are able to help you at a strategic business planning level to understand the effect your business strategies may have on your tax profile. We focus on building sustainable tax strategies that help your business achieve its ambitions.
Our personal tax team can assist business owners and high net worth individuals manage their tax planning and compliance needs. While ensuring that the local tax filing requirements are met, we help you understand the personal tax rules and apply the relevant scheme to achieve tax savings, such as the Not Ordinarily Residents (NOR) concession.
Our personal tax services include:
The Goods and Services Tax (GST) is applicable for local sale of goods and services made in Singapore, as well as importation of goods. A business is required to register for GST if its annual taxable turnover is S$1 million or more.
Our team can help to assess your business’ GST registration obligation, ease the process of regular GST filings, comply with statutory requirements, attend to GST queries and audit, and provide GST advice on your planned business transaction. We have assisted clients with special GST schemes and renewals via Assisted Self-help Kit (ASK) process.
Our GST services include:
Transfer pricing guidelines in Singapore have emerged as one of the most important and critical areas of tax policy and administration, tax planning and tax controversy for global corporates in Singapore. We assist companies in decision making at various stages of inter-company transactions such as planning, policy making, strategy, implementation, compliance and justifications.
Our Transfer Pricing professionals provide comprehensive solutions tailored to your business objectives after understanding the exact nature and the extent of the related party transactions undertaken by the Company. We have a specialised Transfer Pricing team that is competent to assist you in the following areas of Transfer Pricing.
Transfer Pricing Documentation Services
Preparation of comprehensive Transfer Pricing study, which includes:
Transfer Pricing Strategy Services
Under the IRAS VDP, a taxpayer can seek to minimize the penalties involved in relation to errors in their tax returns for Income Tax (including cash payouts / bonus), GST, Withholding Tax and Stamp Duty. We have successfully assisted some of our clients in providing a timely, accurate and complete disclosure under VDP thereby achieving substantial tax savings.