Singapore Taxation System
In Singapore, taxes are essential in the development of the nation. 72% of the government’s operating revenue was derived from tax revenues in the financial year 2019/20. While keeping tax rates competitive for both corporations and individuals, Singapore is able to bring in vital foreign investments to further boost its economy.
Importance of Tax Planning
With the changing regulatory reporting in the tax environment in Singapore, businesses will need to stay ahead of the changes and conform to the required regulatory standards. Businesses that are involved in overseas dealings and cross border transactional activities will need to instil a more robust tax reporting structure to avoid unnecessary litigation and future complications.
In Singapore, there is the Goods and Services Tax (GST) filing for your imports and supply of goods across the country. Your company is also required to furnish the Estimated Chargeable Income (ECI) within three months from the end of the financial year. There are also personal income tax returns to file annually. Our team of professionals at Gauge will provide in-depth knowledge and guidance to assist your business in the area of Income Tax, ECI and GST Filing Singapore. With an astute understanding of the tax requirements in Singapore, we are able to manage your taxation requirements effectively. By engaging in our services, you will be able to focus on your business development needs while leaving us to manage your taxes.
Our Taxation Services in Singapore
♦ Preparing of Tax Computation
♦ Filing of Estimated Chargeable Income (ECI)
♦Filing of Income Tax Form (Form C /Form C-S)
♦ Goods & Service Tax (GST) Filing
♦ Tax Planning and Compliance