Keep your tax filings up to date with the help of our expert tax team. We are familiar with working with the Inland Revenue Authority of Singapore (IRAS) and will make sure your tax filings are accurate, delivered on time and reduce your tax liability.
We calculate and file your tax returns accurately and on time, making sure you won’t face any penalties or late fees.
Our professionals always stay current with the regional and local tax regulation changes.
We offer strategic tax advice on topics such as optimising your tax spending, decreasing the risk of double taxation, tax incentive systems and more.
Our tax team will help you stay up to date with your corporate tax filings and keep you compliant with the tax regulations. Our corporate tax services include:
Businesses with a turnover of more than S$1,000,000 per annum must register for GST. If a company has a turnover of less than $1,000,000 in a year, the company can voluntarily register for GST. Any company registered for GST needs to file a quarterly GST return. Acclime can assist with:
As per Singapore’s Income Tax Act, an individual has to withhold tax when payment of a stated type has been made to non-residents. Singapore’s withholding tax rate ranges from 10%-17%, depending on the nature of payment. For non-resident individuals, the rate is at 22%. The basic withholding tax rate can be reduced if the payment is made to a tax resident of a country with which Singapore has a Double Tax Treaty. Payments subject to withholding tax include:
In personal tax return preparation, we help identify the reliefs and deductions you are entitled to and make sure they are factored into your returns in the most tax-efficient way. If you receive income from other sources such as rental property, shares or other assets, we help you ascertain the expenses that can be off-set against your income or avail of tax exemptions where applicable. Our other personal tax services include:
An audit is only mandatory if:
It is compulsory for businesses to come forward to register for GST when their taxable turnover exceeds $1mil per year. Businesses that do not exceed $1mil in taxable turnover may register for GST voluntarily.
Yes, you can use a single firm as your corporate secretarial and accounting agents. However because of the auditor’s independence rules, the audit work will have to be done by other auditing firms. We can provide you with a recommendation.
+65 6372 8778
We are open: Monday – Friday
9 am – 6 pm (UTC+8)