What Business Expenses Are Tax Deductible For Your Singapore Company?

You can offset the business expenses incurred in the course of running the business against your company’s taxable income. However, not all business expenses are tax deductible. So it is important…

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Tax Reliefs That Can Reduce Your Company Tax Bills In 2020

The corporate tax filing season is upon us. All companies are to e-file their tax returns by 15th December 2020. Here are some common tax reliefs you should take note of that can help reduce the tax…

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Audit Exemption For Singapore Private Limited Companies 2020

As per the Singapore Companies Act, all private limited companies in Singapore need to prepare their financial statements annually and have them audited before filing with ACRA. However, if the…

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Guide To Personal Income Tax For Foreigners Working In Singapore 2020

As a foreigner working in Singapore, you are liable to pay personal income tax. This taxable income rate will differ depending on your tax residency in Singapore. You will be considered a tax…

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Easily File Your Company’s Income Tax via The New Form C-S (Lite)

Form C-S (Lite) is a new e-filing measure introduce from YA 2020 by the Inland Revenue Authority of Singapore (IRAS). The Form C-S (Lite) is a simplified income tax return filing for companies with…

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Consequences of failure to file Annual Returns

In accordance with Section 197 of the Companies Act, all companies must be required to file their annual returns on time. Failure to file annual returns, a Singapore Dollar SGD $300 late lodgement…

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Singapore Companies Filing Requirements

Every year, companies in Singapore are required to file with two main governing bodies, namely Accounting and Corporate Regulatory Authority (ACRA) and Inland Revenue Authority of Singapore (IRAS).…

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Advantages of a Private Limited Company in Singapore

There are many various structures for individuals to incorporate a company in Singapore. But the best structure, in our experience, is a Private Limited Company (Pte Ltd) also known as Private…

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When is the right time to hire an accountant?

Challenges you face As a small-medium enterprise owner, you will face many challenges during daily business operations. One of the common challenges that you will face is multi-tasking. You may often…

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Can Directors And Shareholders Obtain A Loan From The Company?

A director or shareholder may obtain a loan from the company, but not without certain restrictions. In general, a director is not permitted to do so. But there are circumstances that a director or…

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