Taxation Services in Singapore: Corporate Tax, GST & Personal Tax
Singapore's corporate income tax rate is a flat 17% on chargeable income. However, most SMEs benefit significantly from the Startup Tax Exemption Scheme (first 3 years: first S$100,000 exempt at 75%, next S$100,000 exempt at 50%) or the Partial Tax Exemption (S$10,000 at 75%, next S$190,000 at 50%). Professional tax advisory ensures your company claims all available reliefs.
Taxation
Singapore Taxation Services
Tax assessment is a complicated field for most business owners. Our Advisors reach out to you and help you in minimizing your tax liability while ensuring compliance with the tax regulations. We ensure that your tax filings are done in accordance to regulatory requirements and that you taken advantage of all the tax reliefs and deductibles availed to you.
If you are the owner of the business, these are some key issues for your consideration:
•What is your aggregate exposure to income tax on both the company and personal level?
•Are you aware of available tax incentives which are applicable to your company?
•Should your company be registered as a GST trader?
•Are your current operations structured in the most tax efficient way?
•Are your tax filing done in accordance to regulatory requirements? Have you taken advantage of all the tax reliefs and deductibles availed to you?
Tax assessment is a complicated field for most business owners. Let our advisors reach out to you and help you in minimizing your tax liability while ensuring compliance with the tax regulations.
Registration
Compulsory registration
•The turnover of your business is more than 1 million SGD for the past 12 months – known as the retrospective basis OR
•You are currently making sales and you can reasonably expect the turnover of your business to exceed 1 million SGD for the next 12 months – known as the prospective basis.
Please note that failing to register will attract penalties. There are anti-avoidance provisions to ensure that entities are not established merely to keep turnovers less than the threshold and thereby avoid registration.
Voluntary registration
You may apply to voluntarily register for GST if you are not liable to compulsorily register and you satisfy the following conditions:
•Your annual turnover is not more than 1 million SGD, or
•You only supply goods outside Singapore (out-of-scope supplies), or
•You make exempt supplies of financial services that are also deemed as international services
The advantage of voluntary registration is that you can enjoy the benefits of claiming input tax incurred in the course of your business. This is especially so when you make purely zero-rated supplies (exports or international services). Please note, once you are voluntarily registered, you must remain registered for at least two years and you have to maintain all your records for at least five years, even after your business has ceased and you have deregistered from GST. You may also have to comply with any additional conditions that are imposed by the tax authority.
Every GST registered Company has to submit their GST return timely. Non submission of GST return will be subject to immediate and heavy penalty.
Our singapore taxation services include
GST return submission GST is a self-assessed tax and businesses are required to continually assess the need to be registered for GST. GST registration falls into two categories: compulsory registration and voluntary registration.
Tax planning consultation
We assess your current tax situation and advise you on potential avenues of tax minimization.
Preparation & Submission (Corporate)
Preparation of Corporate Income Tax Computation and Submission of Tax Filing
Preparation & Submission (Personal)
Preparation of Personal Income Tax Computation and Submission of Tax Filing
GST Registration (Trader)
Registration as a Goods & Services Tax (GST) Trader
Preparation & Submission (GST Returns)
Preparation and Submission of Goods & Services Tax (GST) Returns
Tax & GST Registration
Assistance with corporate tax and GST registration, if applicable.
Bank Account Opening Assistance
Guidance in opening a corporate bank account with leading banks in Singapore.
Business Licenses & Permits
Advisory services on required permits and licenses based on your industry.
Our services
Let us handle the paperwork while you focus on building your business. Get started with your company incorporation today!
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GST advice and planning
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GST Preparation, Computation and Submission
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GST Audit.
Our Taxation Services Packages
Our taxation services packages are designed to help companies, SMEs, and business owners manage IRAS filing requirements with clearer cost expectations. The right package depends on your company size, revenue, GST status, income complexity, and whether you need corporate tax, personal tax, GST, or advisory support.
Basic Corporate Tax Package
The Basic Corporate Tax Package is suitable for small companies with simple accounts, low transaction volume, and straightforward tax matters. It covers preparation and filing support for Estimated Chargeable Income and annual corporate tax return submission through Form C-S, where the company qualifies.
Indicative pricing: From S$300 to S$600 per year.
Included:
- ECI filing support
- Form C-S preparation and submission
- Basic tax computation
- Review of profit and loss figures
- Simple tax adjustment review
Not included:
- GST filing
- Form C filing for complex companies
- Personal income tax filing
- Tax advisory or restructuring
- IRAS objection or audit support
SME Tax Compliance Package
The SME Tax Compliance Package is suitable for active SMEs with regular revenue, business expenses, payroll costs, and more detailed tax records. It supports companies that need a fuller review of taxable income, deductible expenses, capital allowances, and IRAS filing requirements.
Indicative pricing: From S$600 to S$1,200 per year.
Included:
- ECI filing support
- Form C-S or Form C preparation
- Corporate tax computation
- Review of deductible and non-deductible expenses
- Capital allowance review
- Basic IRAS correspondence support
Not included:
- GST return filing unless added
- Personal tax filing
- Transfer pricing documentation
- Complex tax advisory
- IRAS audit representation
GST and Tax Filing Package
The GST and Tax Filing Package is suitable for GST-registered companies that need support with both corporate tax and GST compliance. It covers GST-ready record review, GST return preparation, corporate tax filing, and practical checks to ensure figures are consistent across accounting and tax records.
Indicative pricing: From S$1,200 per year, depending on GST filing frequency and transaction volume.
Included:
- Corporate tax computation
- ECI filing support
- Form C-S or Form C preparation
- GST F5 preparation support
- Review of input and output tax records
- Basic GST reconciliation
Not included:
- GST registration unless added
- GST audit support
- Complex exempt supply review
- Personal tax filing
- Tax planning or restructuring
depending on GST filing frequency and transaction volume.
Personal Tax Package
The Personal Tax Package is suitable for directors, business owners, self-employed individuals, and foreign professionals who need help preparing personal income tax submissions in Singapore. It supports income reporting, allowable relief checks, and preparation of information needed for IRAS filing.
Indicative pricing: From S$200 to S$500 per filing.
Included:
- Personal income tax filing support
- Income and relief review
- Director fee or employment income review
- Self-employed income reporting support where applicable
- Basic IRAS filing guidance
Not included:
- Corporate tax filing
- GST filing
- Complex overseas income advisory
- Tax residency review
- IRAS objection or audit matters
Custom Tax Advisory Package
The Custom Tax Advisory Package is suitable for companies with more complex tax needs, such as multiple income streams, cross-border transactions, group structures, tax objections, GST issues, or IRAS queries. This package is quoted based on the scope of work and the level of review required.
Indicative pricing: Custom quotation based on tax complexity.
Included:
- Corporate tax advisory
- GST advisory where applicable
- IRAS correspondence support
- Review of complex tax treatment
- Tax position review for business decisions
Not included:
- Legal advice
- Audit services
- Transfer pricing documentation unless separately agreed
- Bookkeeping or accounting clean-up unless added
- Ongoing monthly accounting unless included in the service scope
Worried about missing IRAS or ACRA deadlines?
Let our trusted experts handle your accounting, taxation, and secretarial needs, so you can focus on growing your business
FAQs About Taxation Services
What tax exemptions are available for new Singapore companies?
New Singapore companies may qualify for the start-up tax exemption scheme during their first three consecutive Years of Assessment, if they meet IRAS conditions. This can reduce tax on chargeable income, but companies must still file their corporate tax return correctly to claim the exemption.
When must companies file corporate tax in Singapore?
Singapore companies must usually file Estimated Chargeable Income within 3 months after their financial year-end, unless exempted. They must also file their annual corporate income tax return by IRAS’ deadline. Many businesses use taxation services in Singapore to manage deadlines, tax computation, and submission requirements.
Do SMEs need accounting records before tax filing?
Yes, SMEs need accurate accounting records before tax filing because tax computation depends on income, expenses, deductions, and supporting documents. Proper bookkeeping services help keep transaction records organised throughout the year, making corporate tax preparation more accurate and less rushed.
Can accounting services help with tax compliance?
Yes, accounting services can support tax compliance by preparing financial statements, reviewing deductible expenses, and keeping records ready for IRAS filing. Businesses that use corporate accounting services can also better align their management accounts, tax computation, and annual reporting requirements.
Should new companies plan tax matters after incorporation?
Yes, tax planning should begin soon after incorporation, especially once the company starts earning revenue, hiring staff, or claiming business expenses. Businesses using company formation services in Singapore should also understand ECI filing, corporate tax return obligations, and available start-up tax exemptions.
Contact Us
Have questions or need assistance? Get in touch with us today and let our experienced team help your business thrive.