Taxation

Tax Services in Singapore | Singapore Tax Services

Singapore’s tax regime is renowned for its clarity, efficiency, and business-friendly structure. The system remains globally competitive with a headline corporate tax rate of 17%. However, many businesses—particularly startups and SMEs—benefit from generous tax exemptions and incentive schemes, often resulting in an effective tax rate significantly lower than the statutory rate.

This well-structured framework is purposefully designed to attract and support both local enterprises and international corporations, offering consistency and transparency that simplify tax compliance. Yet, what many foreign entrepreneurs and investors may not fully realise is the strategic advantages and targeted policies that make Singapore’s tax environment uniquely conducive to sustainable business growth and long-term profitability.

Navigating Singapore’s tax landscape requires both precision and a thorough understanding of regulatory frameworks. Businesses operating in the city-state can benefit from professional guidance to ensure compliance while optimising their tax positions.

Key Tax Fundamentals Every Business Should Understand

Achieving sustainable business success in Singapore requires a clear understanding of the country’s tax framework. Some of the critical areas to be familiar with include:

• Corporate Income Tax Framework – Understanding how corporate tax is applied and calculated in Singapore, including applicable rates and filing obligations.
  
• Tax Exemptions and Incentives – Identifying available exemptions and meeting the necessary criteria to benefit from them.
  
• Goods and Services Tax (GST) – Knowing when GST registration is required and understanding the related compliance responsibilities.
  
• Double Taxation Agreements (DTAs) – Leveraging Singapore’s network of DTAs to avoid being taxed twice on the same income earned across jurisdictions.
  
• Accounting and Compliance Standards – Adhering to local accounting practices to ensure accurate tax reporting and regulatory compliance.

Through our comprehensive tax services in Singapore, we help your company demonstrate goodwill by prioritisingthe following tax services in Singapore, we help your company show goodwill through concern for legal compliance.

Through the following tax services in Singapore, we help your company show goodwill through concern in legal compliance.

• Company Income Tax
• Goods and Services Tax (GST)
• GST ASK Review
• Personal Income Tax
• Apply Certificate of Residence
• E-Stamping
• Transfer Pricing
• Tax Equalization
• Withholding Tax Services
• GST Registration

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Goods and Services Tax (GST)

GST refers to a consumption tax levied on nearly all goods and services in Singapore. As of 2025, Singapore’s Goods and Services Tax (GST) stands at 9%, applying to most goods and services supplied within the country.

Key registration criteria for businesses:

• GST registration is compulsory if your business has an annual taxable turnover exceeding S$1 million.
  
• You must also register if you reasonably expect your turnover to surpass S$1 million within the next 12 months.
  

GST Assisted Self-help Kit (ASK) Review

ASK is a self-assessment package designed to help companies manage their GST compliance effectively. ASK focuses on three main components:

• Establishing Robust GST Practices: This involves setting up sound frameworks for personnel training, record-keeping, accounting systems, and internal controls to support accurate GST reporting across all transactions. 
• Pre-Filing Checklist Review: Before submitting GST returns, businesses are encouraged to review a comprehensive checklist to validate the accuracy and completeness of their declarations. 
• Annual GST Return Review: Conducting a yearly review of previously filed GST returns helps identify and rectify errors early, reducing the risk of non-compliance and potential penalties.

    Taking the package from 3E Accounting means you will have a personal consultant to go through all stages of the ASK process. Find out more on GST ASK Review

Personal Income Tax

Singapore residents are taxed on income earned in the country, as well as foreign-sourced income that is remitted into Singapore. The personal income tax system is progressive, meaning individuals with higher earnings are subject to higher tax rates. It is among the lowest tax rates in the world. This structure ensures that tax contributions are proportionate to income levels, promoting a fair and balanced tax regime.   

To know your personal income tax, you must first determine the tax residency, the amount of chargeable income, and the progressive tax rate. This may be a lot of work for a busy individual. Thus, our professionals are always ready with our superior assistance. Find out more about Personal Income Tax

Apply for Certificate of Residence (COR)

The Government of Singapore has concluded numerous Double Taxation Avoidance Agreements (DTAs) with foreign jurisdictions, allowing companies in Singapore to enjoy tax benefits for cross-border transactions. Being a Singapore tax resident is the main criterion for enjoying such tax benefits.

A Certificate of Residency (COR) is required to certify its Singapore tax residency. Our professionals can assist in the application of the COR for tax benefits under the DTA. Find out more about the Certificate of Residence.

E-Stamping

Documents in which the stamp duty is paid have a strong position in the law and can be used as court evidence in cases of misunderstandings or disagreements. E-stamping is a convenient way to stamp your documents from anywhere. Find out more about E-Stamping.

Transfer Pricing

Transfer pricing is goods, services, and intangibles between involved parties such as head offices, branches, representative offices, and subsidiaries. Transfer pricing is a good tool to avoid corporate tax. To make an effective transfer pricing strategy, use our transfer pricing service. Find out more about Transfer Pricing.

Tax Equalization

Tax equalisation is essential to avoid any tax implications of the assignment of someone to work in a foreign country, such as different tax rates and double taxation. This tax process ensures that the assigned one will not suffer the tax consequences. To better protect your income from such consequences, use our tax equalisation service and other tax services in Singapore. Find out more about Tax Equalization.

Withholding Tax Services

Singapore withholding tax is the tax charged to a non-resident company or individual that derives income from a Singapore source for providing services or working in Singapore. When a Singapore company or individual makes payment to a non-resident for services, a certain percentage of that payment must be withheld.

GST Registration

In Singapore, a company is still allowed to register for GST voluntarily even if the turnover is below the expected $1 million. For companies that wish to do so on a voluntary basis, it is advised that they first perform a cost-benefit analysis on the impact that GST registration will have on the business and reporting process.

3E Accounting Singapore provides a comprehensive suite of tax and accounting services tailored to meet the diverse needs of companies at various stages of growth. Our team of experienced tax professionals works closely with businesses to effectively interpret . With deep familiarity in Singapore’s tax incentives, deductions, and relief schemes, we aim to help companies make informed financial decisions.

Whether you are managing local obligations or exploring government-backed benefits, expert tax support can enhance operational efficiency and free up valuable resources, allowing business leaders to stay focused on strategic priorities.  

To engage with our reliable tax services in Singapore, please contact us via email.

Frequently Asked Questions