Fixed Expense Deduction Ratio for Self-Employed Persons

If you derived business income from carrying on a trade, business, profession, or a vocation, this income is taxable in your name (as a sole-proprietor, partner, or self-employed person). You have to report this income in your individual Income Tax Return (Form B/B1) that has to be filed to IRAS 18 Apr each year.   … Continue reading Fixed Expense Deduction Ratio for Self-Employed Persons

Audit Exemption For Small Businesses in Singapore: Criteria & Benefits

For larger corporations, this practice is crucial due to their complex operations and extensive financial transactions. However, for small businesses, especially startups, the cost and effort associated with audits can be substantial, potentially diverting resources from core business activities. To support the growth of small businesses and encourage entrepreneurship, Singapore’s regulatory framework includes provisions for… Continue reading Audit Exemption For Small Businesses in Singapore: Criteria & Benefits

Filing Taxes For a Real Estate Business in Singapore

FAQs Related to Real Estate Tax Filing What taxes are applicable to a real estate business in Singapore? A real estate business in Singapore is subject to Property Tax, Goods and Services Tax (GST), and Income Tax. Do I need to pay Property Tax for my real estate holdings in Singapore? Yes, Property Tax is… Continue reading Filing Taxes For a Real Estate Business in Singapore

10 Tax-related Mistakes to Avoid in Singapore

Maneuvering through Singapore’s tax system can still prove challenging, particularly for individuals and businesses unacquainted with its complexities.  To assist you in remaining compliant and sidestepping unnecessary tax-related stress, we have curated a list of the ten most common tax mistakes in Singapore. By comprehending these pitfalls and adopting proactive measures, you can guarantee a… Continue reading 10 Tax-related Mistakes to Avoid in Singapore

35 Tax-related tasks that a tax consultant Singapore can do for you

A tax consultant in Singapore can be a valuable asset to your business, providing comprehensive expertise and guidance to navigate the complex world of taxation. In this blog, we will explore 40 essential things a tax consultant can do for you, helping you optimize your financial position, ensure compliance, and maximize tax savings. Provide Expert… Continue reading 35 Tax-related tasks that a tax consultant Singapore can do for you

10 Tax Deductions Every Singaporean Should Know About

It’s important to pay taxes on time and accurately but simultaneously it is equally important to have the benefits of all the tax savings and deductions so that you can have low tax liabilities.   Do you know that there are various tax deductions available in Singapore that every taxpayer should know about? In this… Continue reading 10 Tax Deductions Every Singaporean Should Know About

Understanding Singapore’s Tax Laws and Regulations for Businesses

Singapore is a popular destination for businesses looking to expand their operations in the Southeast Asian region.  The city-state’s business-friendly environment, world-class infrastructure, and skilled workforce make it an attractive location for entrepreneurs and corporations alike. However, with its thriving economy comes a complex tax system that can be overwhelming for business owners.  In this… Continue reading Understanding Singapore’s Tax Laws and Regulations for Businesses

Tax Planning for Expats Living and Working in Singapore

Moving to a new country can be an exciting adventure, but it also comes with a lot of responsibilities.  One of the most significant challenges expats face when relocating to Singapore is navigating the country’s complex tax system. Tax planning for expats is crucial to ensure compliance with local laws and regulations and optimize tax… Continue reading Tax Planning for Expats Living and Working in Singapore

How to Prepare for Your Tax Filing in Singapore: Tips from the Pros

Tax season can be a stressful time for business owners and individuals alike, especially if you’re not familiar with Singapore’s tax laws.  However, with a little preparation and some guidance from the pros, you can file your taxes in Singapore with confidence. In this blog, we’ll provide you with some essential tips on how to… Continue reading How to Prepare for Your Tax Filing in Singapore: Tips from the Pros

Tax Planning and Preparation for Businesses in Singapore

Tax planning and preparation are essential for businesses in Singapore to ensure they are complying with the country’s tax laws while minimizing their tax liabilities. Many businesses in Singapore rely on the expertise of accounting services, including accountants and tax agents, to help them navigate the complex tax system and develop effective tax planning strategies.… Continue reading Tax Planning and Preparation for Businesses in Singapore