Tax & Compliance

For corporate tax filing in Singapore, your company must file 2 tax returns. The deadline of each return will be different, based on the financial year end.

Your company must include its Singapore financial statements in annual reports. Learn everything about these documents through these 6 questions.

Your company must hold an Annual General Meeting in Singapore. However, it can be exempted from such a requirement if certain conditions are satisfied.

Individuals are not subject to Singapore dividend tax. However, companies may do so. Learn more about Singapore dividends through these most asked questions.

Singapore imposes tax on foreign income when it is remitted to the nation. However, exemption from foreign income tax is possible if certain conditions are met.

Property stamp duty in Singapore is imposed on documents relating to fixed properties. The tax rates vary according to activities, namely buying or renting

Property in Singapore is taxed based on its annual value and tax rate. There are three types of properties in Singapore with different imposed tax rates.

Tax in Singapore is one of the main reasons why so many foreign individuals and businesses come and invest into the city-state.

There are many ways to legally reduce income tax in Singapore for both individual taxpayers as well as business entities. Learn more with BBCIncorp.

Before dissolving your business, you must learn how to wind it up properly. Let’s dive into the process of winding up a company in Singapore now!

Shares of a private limited company in Singapore may be freely transferable. However, the transfer of shares is constrained and must follow a procedure.

Dividend declaration is a must before the distribution. Any person violating Dividend Declaration Rules in Singapore is guilty of a criminal offense.

Financial Year End (FYE) can greatly affect taxation of businesses in Singapore. Learn what should be considered when determining FYE and how to change it.

You can receive a part of wage increases given to local employees under the Singapore Wage Credit Scheme. Find out how much you can claim and how it works.

Tax incentives in Singapore may bring you lower rates or even tax exemption. Different industries have different incentives to be offered. Find out here some of the most common ones.

There are many different grants that cover many stages of development of a tech startup in Singapore, from POC and POV to growing capital and going overseas.

The scope of withholding tax in Singapore is somewhat more limited than that of other jurisdictions: only Singapore-sourced income of a non-resident is levied.

The Singapore corporate tax rate is 17%, applied to both local and foreign companies. But local companies can apply for many schemes to lower their payable tax.

All companies in Singapore are subject to audit requirements. However, if your company is a small one, it can be eligible for an audit exemption in Singapore.

XBRL is a framework for filing records. In Singapore, XBRL has become a standard means of reporting with an aim to streamline communication between parties.

Personal income tax in Singapore for foreigners based on residency status. Tax residents and non-tax residents are taxed at different rates.

Annual filing requirements for companies in Singapore are filing reports to ACRA and IRAS. Still, exemptions can be claimed under some conditions.

The accounting standards of Singapore are seamlessly aligned with IFRS, making it the official, compulsory accounting guideline that companies must adhere to.

Goods and services tax (GST) is levied when goods and services are purchased. In Singapore, the rate of GST is 7% and set to increase to 8% starting January 1st, 2023.