Accounting & Tax Compliance Services For Singapore
Expanding our expertise to Singapore, we provide Knowledge Process Outsourcing (KPO) accounting services, ensuring compliance with Singapore’s tax laws, financial regulations, and statutory requirements. Our services cover direct tax compliance, indirect tax compliance, and accounting management, helping businesses stay compliant and financially efficient.
1. Support in Direct Tax Compliance
Singapore’s tax system is regulated by the Inland Revenue Authority of Singapore (IRAS) and follows a territorial tax system, meaning only income earned in or derived from Singapore is taxable. Our team ensures businesses comply with all relevant tax regulations.
Key Areas We Cover:
- Corporate Income Tax Compliance (Income Tax Act, Chapter 134)
- Corporate tax registration, filing, and tax computation
- Form C-S/C submission for companies with annual revenues below/above SGD 5 million
- Tax planning to optimize corporate tax liabilities (17% standard rate, with possible exemptions)
- Assistance with tax reliefs and incentives under Singapore’s Productivity and Innovation Credit (PIC) Scheme
- Withholding Tax Compliance (Section 45 of the Income Tax Act)
- Ensuring correct withholding tax deductions on cross-border transactions
- Filing and submission of Withholding Tax Returns (IR37 & IR37A)
- Advisory on double taxation agreements (DTAs) and foreign tax credits
- Personal Income Tax & Payroll Compliance
- Filing and submission of personal tax returns (Form B/B1/M1/M2)
- Employee payroll tax compliance, including CPF (Central Provident Fund) contributions
2. Support in Indirect Tax Compliance
Indirect taxes such as Goods and Services Tax (GST) and customs duties play a significant role in Singapore’s tax framework. We ensure businesses comply with all GST and import/export tax obligations.
Key Areas We Cover:
- GST Compliance (Goods and Services Tax Act, Chapter 117A)
- GST registration, filing, and deregistration with IRAS
- Quarterly GST return preparation and submission (GST F5, F7, and F8 forms)
- Advisory on GST schemes (e.g., Major Exporter Scheme, Zero-Rated Supplies)
- Handling GST audits and compliance assessments
- Customs & Excise Duty Compliance (Customs Act, Chapter 70)
- Import/export duty assessments and compliance
- Assistance with Singapore Customs declarations (Tradenet system)
- Compliance with ASEAN Free Trade Area (AFTA) and Preferential Tariff Schemes
3. Support in Accounting Management
Every business in Singapore must comply with the Companies Act, Chapter 50, and maintain proper accounting records in accordance with Singapore Financial Reporting Standards (SFRS). We provide end-to-end accounting solutions to keep businesses financially organized.
Key Areas We Cover:
- Bookkeeping & Financial Statements (Companies Act, Chapter 50)
- General ledger maintenance and monthly/annual financial reporting
- Preparation of statutory financial statements as per SFRS and IFRS
- Compliance with Accounting and Corporate Regulatory Authority (ACRA) guidelines
- Annual Return Filing & XBRL Compliance
- Preparation and submission of Annual Returns (AR) via ACRA’s BizFile+ system
- XBRL financial statement conversion and filing for companies under ACRA regulations
- Payroll & Employee Benefits Compliance
- Monthly payroll processing, CPF (Central Provident Fund) calculations, and employee tax compliance
- Annual IR8A & IR21 tax form preparation for employee income tax filing
Why Choose Us?
✅ Singapore Tax & Compliance Expertise – We ensure full compliance with IRAS, ACRA, and Singapore financial regulations.
✅ Cost-Effective Outsourcing – High-quality financial services at a lower operational cost.
✅ Accurate & Timely Reporting – Avoid tax penalties and keep your business financially organized.
✅ Scalable Services – Ideal for startups, SMEs, multinational companies, and holding entities.
If you are a Singapore-based business looking for professional accounting and tax compliance support, contact us today for a consultation!