Apply for a COR in Singapore

Apply for a COR in Singapore

The Certificate of Residence (COR) is a document issued to a company in Singapore in order to prove that the respective legal entity is a tax resident. Entrepreneurs need to apply for a COR in Singapore in order to claim the various tax benefits that are available under a double…
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A Guide on Dividends in Singapore

A Guide on Dividends in Singapore

Shareholders have access to the profits of a Singapore company in the form of dividends. These may be paid in cash or in kind and their taxation is regulated by the Inland Revenue Authority. Our accountants in Singapore have prepared a guide on dividends in Singapore so that you can…
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Avoid Tax Penalties in Singapore

Avoid Tax Penalties in Singapore

Business owners can avoid tax penalties in Singapore by observing the legal provisions of the Singapore Income Tax Act. The main requirements for filing and submitting tax returns are described in this document. Tax penalties in Singapore can be avoided by observing the local rules, regulations and good practices but…
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Taxation of Sole Traders in Singapore

Taxation of Sole Traders in Singapore

The sole trader or self-employed individual enjoys the lightest taxation and reporting regime out of all the possible types of legal entities in Singapore. This simple business form may be suitable for some investors; however, they must be well aware of the liabilities that are implied. The taxation of sole…
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Penalties for Late or Non-Payment of GST in Singapore

Penalties for Late or Non-Payment of GST in Singapore

Businesses in Singapore that are registered to pay the goods and services tax (GST) must observe the fixed deadlines for payment. In the event in which a company fails to observe the terms, a penalty, as well as an additional penalty may be imposed on the usual tax. Table of…
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Why Invest in Singapore?

Why Invest in Singapore?

In the latest years, Singapore presents itself as a very interesting destination for worldwide investors. It is not only his geographical position in Asia which facilitates the access to a market of almost 3 billion of people. The quality of lifestyle makes it a place pleasant to live in, as…
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Why Choose Our Accounting Firm in Singapore?

Why Choose Our Accounting Firm in Singapore?

With our accounting firm in Singapore, we treat every client’s financial business as if it was our own. We take pride in fully comprehending your financial aspirations and objectives, as we work alongside our clients to ensure we achieve them. Table of ContentsMain reasons why choose our accounting firm in…
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Tax Incentives in Singapore

Tax Incentives in Singapore

The tax system in the city-state is administered and regulated by the Inland Revenue Authority of Singapore (IRAS). Singapore is one of the countries which attract most foreign investors because it permanently reduces corporate income tax rates and offers different tax incentives, as well as numerous double tax agreements which…
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Taxes on Property Purchase in Singapore

Taxes on Property Purchase in Singapore

If you decided to relocate to one of the world’s safest tax havens, you might consider buying a property in the city-state. Before starting to search for your new home, there are certain taxes on a property purchase in Singapore that you should be aware of. These taxations consist of:…
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Workfare Scheme in Singapore

Workfare Scheme in Singapore

Unlike many other states, there is no minimum wage in Singapore. Instead, the wages are negotiated with the employing company. However, the country opted for a workfare scheme. An accountant in Singapore can provide further details on how this scheme is applied in the city-state. Foreign investors who want to…
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