Corporate Income Tax Services in Singapore
Discover our comprehensive corporate income tax services designed to cater to the unique tax landscape of Singapore. With a flat rate of 17% imposed on chargeable income, irrespective of whether your company is local or foreign, navigating tax obligations can be streamlined with our assistance. Our services aid you in ensuring compliance with taxation rules and regulations. Our income tax consultant also provides consultation and support in addressing queries related to taxation matters, including transfer pricing.
- Preparation of income tax computations for individuals, businesses and limited companies
- Lodgement of income tax returns
- Consultation and assistance in responding to IRAS queries, audits and disputes
Corporate Tax Planning and Advisory Services
Our experienced advisors can identify ways to optimise your tax structure while ensuring full compliance with legal frameworks. From structuring entities to mitigating risks and navigating international taxation, we offer comprehensive guidance to empower your business for success.
- Create tax efficient structures and operations legally
- Review of existing business structures, operations and arrangements
- Review of taxation exposures including overseas taxation arising from Permanent Establishments, etc
- Double taxation agreements and tax treaties
- Taxation of foreign sourced income
Transfer pricing
We assist clients in navigating the intricacies of transfer pricing for intercompany transactions, ensuring compliance with income tax rules and regulations and minimising risks from non-compliance with statutory requirements. From transfer pricing analysis and documentation to strategic advice, trust us to optimise your transfer pricing practices for cross-border operations and regulatory compliance.
- Compliance with transfer pricing rules including transfer pricing documentation
Frequently Asked Questions About Corporate Income Tax
What is corporate income tax, and who is liable to pay it?
Corporate income tax is a levy imposed on the profits earned by companies during a fiscal year (basis period). Both local and foreign companies operating in Singapore, are liable to pay corporate income tax on their chargeable income generated within the country.
How is corporate income tax calculated in Singapore?
Corporate income tax in Singapore is calculated at a flat rate of 17% on the chargeable income of a company, regardless of whether it is a local or foreign company. Chargeable income refers to the taxable income after deducting allowable expenses and tax exemptions. There are partial exemptions for chargeable income below certain levels
How can corporate tax planning and advisory services benefit my business?
Effective tax planning and advisory services can help businesses optimise their group or shareholding structure, mitigate tax risks, legally minimise tax liabilities, improve cash flow, enhance compliance with tax regulations, mitigate risks of tax audits and disputes, and ultimately contribute to overall business growth and profitability.
