Meeting corporate tax obligations in Singapore requires a thorough understanding of a multifaceted regulatory framework, encompassing Goods and Services Tax (GST), Corporate Income tax, and Withholding tax. Apex Business Advisory provides valuable guidance and support to companies, ensuring that your business navigates these complexities with clarity and maintains full compliance with all statutory requirements. Our approach is proactive, aiming to help you understand your tax responsibilities thoroughly and manage them effectively, thereby supporting your company’s financial health and its commitment to sound corporate governance.

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Corporate Income tax compliance is a critical aspect of operating a company in Singapore. We assist businesses in accurately preparing and filing their annual income tax returns with the Inland Revenue Authority of Singapore (IRAS). This involves a detailed review of your company’s financial records to ensure all taxable income is correctly identified and all eligible deductions and allowances are claimed, in line with the prevailing tax laws. Our team stays abreast of the latest legislative changes and IRAS guidelines to provide timely advice on how these may impact your tax position.

 

We focus on ensuring that your income tax computations are accurate and submitted on time, helping you meet your compliance objectives and avoid unnecessary penalties. Goods and Services Tax (GST) is another significant consideration for many businesses in Singapore. Apex Business Advisory offers comprehensive support for GST registration, the preparation and submission of GST returns, and ongoing advisory on GST-related matters. We help determine if your company is required to register for GST, guide you through the registration process, and assist in implementing proper systems for tracking and accounting for GST on your supplies and purchases.

 

Our services ensure that your GST returns are accurate and filed punctually, and we provide clarity on complex GST issues such as the treatment of international transactions or specific industry schemes. Similarly, understanding and complying with withholding tax obligations is crucial when making certain payments, such as royalties, interest, or service fees, to non-residents. We provide clear guidance on identifying payments subject to withholding tax, calculating the correct amounts, and remitting them to IRAS in a timely manner, ensuring your company fulfills all its compliance duties in this area.