Singapore Corporate Tax & GST

Do you know about Singapore Company Tax?

  1. A Singapore company needs to file its tax submission electronically with IRAS before 16 December each year.

  2. A company is taxed on the income earned in the preceding financial year.  E.g. income earned from 1 July 2018 to 30 June 2019 will need to file tax before 16 December 2020.

  3. The current corporate tax rate is 17%. However, the effective tax rate may be much lower due to the availability of tax exemptions and tax rebates for all companies.

  4. A company will need to file its Estimated Chargeable Income (ECI) within 3 months after its financial year end,

  5. A company is required to register for GST (VAT) if its revenue exceeds or is expected to exceed S$1 million for a 12 month period.

Learn More About Singapore Corporate Tax Filing Requirement

Do you need to

register for GST?

Your liability for GST registration depends on the value of your taxable turnover/ revenue. You must register for GST immediately if you can reasonably expect your total turover to be more than S$1 million for the next 12 months.

Our Most Common Tax Solutions Requested

 

ACRA REGISTERED FILING AGENT   |   CLOUD ACCOUNTING CERTIFIED ADVISOR

CHARTERED ACCOUNTANT   |   ACCREDITED TAX PRACTIONER

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Not What You Looking For?

We understand that you may have unique tax needs or considering changing your business or personal structure. Getting the key decisions right from the beginning can make a huge difference to your business performance and wealth  long term.

 

Reach out to us over a coffee for a complimentary review on your tax matters, Our proven methodologies, technical tax knowledge and unwavering commitment will help in designing a strong compliance and sustainable tax strategy for you.

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