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1 year ago
Common mistakes made by businesses in filing income taxes
-by Audrey Ong The following article covers common mistakes that businesses may often overlook when filing their income tax returns and what measures to follow to avoid them. A Employers – Income Tax Clearance for Expatriate /Non-Singapore Citizen Employee Wrong Correct 1 Submit IR21 to IRAS after employee leaves employ. Submit IR21/notify IRAS at […]
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1 year ago
Filing Your Corporate Income Tax Return
Singapore serves as an attractive business hub for companies looking to expand into the emerging Asian Economy for numerous reasons, top of which include ease of setting up, attractive corporate and personal income tax rates, tax reliefs, absence of capital gains tax, and extensive double tax treaties. Singapore adopts a territorial basis of tax – […]
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1 year ago
Guide to Filing your GST Return
The Goods and Services Tax was first introduced in Singapore in 2003 as part of a government reform to shift taxes from an income-based to a consumption-based system to boost the nation’s international competitiveness. It is a broad-based consumption tax levied on the import of goods, as well as nearly all supplies of goods and […]
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