Income Tax & GST

Income Tax Services


All businesses are required by law to file a timely and accurate income tax return by the stipulated filing tax deadline every year. While most taxpayers do file their taxes on time, there are still some who fail to do so each year. As a result, the tax authorities can impose penalties and court summonses on companies that have failed to file or filed late their income tax return.

Thus, to avoid being subject to such regulatory actions, it is important in preparing early. It is therefore necessary to have your financial statements prepared beforehand as this will form the basis to your business’ income tax computations. In addition, our tax specialist can also help you to uncover business expenses which may qualify for further deductions or tax refunds.

In short, it is worth the time and money to engage a professional to review your tax position regularly. If there is an item that can claim deductibility, a tax specialist would be able to advise you. When it comes to dealing with the tax authorities, our assistance will also help you to save some headaches too.

GST Services


GST is a broad-based consumption tax levied on the import of goods, as well as nearly all supplies of goods and services. In some countries, it is also known as Value Added Tax (VAT). The current GST rate in Singapore is 7% since 1 July 2007. While in Malaysia, the GST rate will be 6% starting from 1 April 2015.

GST collections have been the second largest revenue contributor to Singapore’s annual tax revenue since it was first introduced in 1994. From a GST compliance perspective, the number of GST audits has been on the uptrend in recent years resulting in a higher tax and penalties recovered.

As GST is a form of transactional tax, GST errors often occurs on a recurring basis. This translates to a higher risk of penalties and fines for businesses as the undetected errors often amount to a large amount. In view of this, it is all the more important to ensure your businesses are well equipped to comply with GST requirements.

Therefore, to avoid unnecessary disruption to your business, our GST team are well equipped with the latest knowledge of GST rules and regulations to advise you accordingly. We are also well poised to assist you in providing valuable insights into major GST risk areas and common errors.

Talk to us to see how we can help you with practical solutions to GST issues that you may be facing.