Our tax services team is led by Accredited Tax Practitioners registered with Singapore Institute of Accredited Tax Practitioners, with more than 10 years of tax services experience. Our tax services cover the following:
Tax Services Singapore
Why Choose Our Tax Services?
One-stop Solution
Having all services done at AG, enables reducing process, time and cost.
Quality
Our tax team is led by qualified tax experts to help you reduce your tax LEGALLY in Singapore.
Personal Tax Consultant
You will be assigned a tax expert to analyse your business to explore any potential tax benefits you can enjoy.
Compliance
Evading law is a serious criminal offense. Avoiding tax is legal and we are good in that.
Pricing
| Starting from | |
| Non-active business | S$500 |
| Active business | S$800 |
| Complex business | S$1200 |
Know Your Tax Benefits
Business Vehicle
Sole proprietorship and Private Limited have different tax rates, which are 22% and 17%, top respectively.
Tax Exemption
Private limited is entitled to tax exemption which sole proprietorship is not.
Tax Concession
Certain industry sectors are qualified for tax concession of lower tax rate of 5% or 10% subject to approval by International Enterprises Singapore. For example, wholesale trade sector.
Group Tax Structure
Tax loss of a member within a group in Singapore can be transferred to its group member to offset other group member’s tax. This helps maximising the group tax benefit as a whole.
Foreign Sourced Income
Foreign sourced income is taxable in Singapore when the income is remitted into Singapore. A sound tax planning can minimise a company’s tax exposure.
Singapore Income Tax
A company’s income earned in the preceding financial year will be taxed in the following year. This means that income earned in the financial year 2016 will be taxed in 2017. The current prevailing corporate income tax rate is 17%.
Capital gain is not taxable in Singapore.
Income Tax Submission
Companies shall submit two corporate income tax forms to IRAS every year:
- Estimated Chargeable Income (ECI) form is due for filing within 3 months from financial year end.
- Corporate Income Tax Returns is due for filing every 30 Nov of the following year of financial year end.
Tax Exemption
Subject to certain requirements, new start-up companies are eligible to a tax exemption of 100% on the first S$100,000 chargeable income and 50% on the the next S$200,000 chargeable income , for the first 3 YA.
Companies can continue to claim a partial tax exemption of 75% on the first S$10,000 chargeable income and 50% on the next S$290,000 chargeable income provided certain requirements are met.
Tax Concession
Certain industries sectors are entitled to a tax concession of lower tax rate of 5% or 10% instead of 17%, subject to the Ministry of Finance’s approval. Concession application needs to be submitted to the International Enterprise (IE) Singapore.
Discover Your Tax Benefits Now!
Our expert will advise you accordingly.
