Print Friendly, PDF & Email

About Singapore Taxation

Filing tax returns can be a daunting task for even the most experienced taxpayer. Tax in Singapore is mainly divided into two categories, which are none other than the personal income tax and corporate income tax. Any individual who works or runs business in Singapore is required to file his or her returns to the Inland Revenue Authority of Singapore (IRAS). Both types of taxes comprise of income earned in Singapore, as well as that earned in foreign countries for individuals and corporate firms.

3E Accounting understands the difficulties in tax filing for both individual and corporate, therefore we are here to help you to understand more about tax filing Singapore, as well as to provide you the professional tax accountant services. Please browse through the pages to get more insight about tax filing Singapore and our taxation services.

 

Overview of Singapore Taxation
Overview of Singapore Taxation
All businesses need to pay income tax as long as their income was derived from or remitted into Singapore. There are other taxes you may need to pay (e.g. withholding, goods and services, property, stamp duty) depending on your business.
Continue reading

Taxation of International Executives
Taxation of International Executives
Tax Year
The general rule in Singapore is that the government assesses tax for the preceding calendar year on income of an individual, and does so in the following calendar year (Year of Assessment). Continue reading

Singapore's Industry Specific Tax Incentives
Singapore’s Industry Specific Tax Incentives
Did you know that your Singaporean business might benefit from industry-specific and investment-related tax incentives? It’s true, thanks to the Singapore Income Tax Act and follow-on legislation. Continue reading

PIC Bonus
PIC Bonus
The PIC Bonus gives businesses a dollar-for-dollar matching cash bonus for YAs 2013 to 2015, subject to an overall cap of $15,000 for all 3 YAs combined. Continue reading

Tax Planning for Investment Property in Singapore
Tax Planning for Investment Property in Singapore
80 percent of Singapores population will live within a 10-minute walk of an MRT station by 2030. Two new MRT lines were unveiled today Continue reading

Tax Planning For Company
Tax Planning For Company
All businesses will be subject to taxes, in one way or another. Understanding the tax regulations and reliefs available are essential to remain compliant with the relevant laws. Continue reading

Tax Saving For Setup Company
Tax Saving For Setup Company
All sole proprietorships and partnership in Singapore are taxed based on the personal income tax rate of their owners under the Income Tax Act. Continue reading

Personal Income Tax Planning
Personal Income Tax Planning
The purpose of this guide is to provide information about how to save your personal income tax every year (for tax resident in Singapore). Continue reading

Goods and Services Tax (GST) in Singapore
Overview of Goods and Services Tax (GST) in Singapore
Goods and Services Tax or GST is a broad-based consumption tax levied on the import of goods (collected by Singapore Customs), as well as nearly all supplies of goods and services in Singapore. In other countries, GST is known as the Value-Added Tax or VAT. Continue reading

Should I registered GST for my Company?
Should I registered GST for my Company?
GST is a broad-based consumption tax levied on the import of goods (collected by Singapore Customs), as well as nearly all supplies of goods and services in Singapore. Continue reading

Should I Register GST for my Sole-Proprietorship?
Should I Register GST for my Sole-Proprietorship?
When it comes to Goods and Services Tax (“GST”) compliance, there are many practical issues that businesses need to consider. Amongst these is determining whether your business is liable for GST registration.
Continue reading

Singapore Personal Income Tax Guide
Singapore Personal Income Tax Guide

The personal income tax liability is determined by tax residency and amount of taxable income. Some key points of Singapore income tax for individuals will be stated here.
Continue reading


Singapore Personal Individual Income Tax Rate

Singapore Personal Individual Income Tax Rate

Anyone who earns, derives, or receives income in Singapore will need to pay income tax every year, unless specifically exempted under the Income Tax Act or by an Administrative Concession. Continue reading


Singapore Corporate Income Tax Rate

Singapore Corporate Income Tax Rate

In Singapore, its corporate income tax has a single-tier territorial based flat-rate corporate income tax system. There is no double-taxation for stakeholders under the single-tier corporate income tax system. Continue reading

Singapore Corporate Tax Guide

Singapore Corporate Tax Guide

In Singapore, the corporate tax system is the one-tier corporate tax system, which means there is no double-taxation for stakeholders and the tax paid by a Singapore company on its taxable income is the final tax. Continue reading

Singapore Taxation on Foreign-Sourced Income

Singapore Taxation on Foreign-Sourced Income

Foreign income derived from overseas will be taxable in Singapore when remitted to and received in Singapore, which may result in double taxation – once in the foreign country, and a second time when the foreign income is remitted into Singapore. Continue reading

 
If you need help on tax matters:
Contact our 3E tax consultant at 3e@3ecpa.com.sg
Visit this IRAS website on corporate tax www.iras.gov.sg
You can also contact IRAS at:
Local Toll-Free: 1800 356 8622
International: (65) 6356 8622

Email via IRAS website