What are the tax regulations in Singapore?

In Singapore, all companies are required to e-File their Corporate Income Tax Returns with IRAS using Form C, Form C-S or Form C-S (Lite) by 30 November, with no extensions granted. The tax return pertains to income earned in the preceding financial year (Year of Assessment). Form C-S applies to companies with revenue of $5 million or less, taxed at 17%, and not claiming specific reliefs.

Taxation can be a major cost to your business. We will work with you to minimize your tax and help you achieve your key objectives. We provide a complete service of assistance and advice in each of these areas:

• Preparing activity statements and advice on tax payments

• GST/FBT obligations

• Advice on, and implementation of, tax effective trust structures for asset protection and tax minimization

• Managing any ATO audits or disputes

Please email us through info@jplwong.com to indicate your interest so that we can follow up with you.