Taxation for Foreign Investors in Singapore

Taxation for Foreign Investors in Singapore

When it comes to taxation for foreign investors in Singapore, it is important to note that personal taxation in this country is moderate and progressive. Resident persons who gain employment income commonly are granted earned income relief in different amounts. Furthermore, there are quite a few other types of tax reliefs.…
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Reporting Requirements in Singapore

Reporting Requirements in Singapore

Based on the financial activities of a company during the financial year, the yearly financial accounts have to be prepared in compliance with the Financial Reporting Standards of Singapore. In case the company has numerous accounting transactions monthly, it is recommended that monthly bookkeeping  is performed in order to maintain…
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Banking System in Singapore

Banking System in Singapore

Singapore is one of the most important monetary centers of the world and a major distribution hub of investment in Southeast Asia. As our accountants in Singapore remind, the country has formed one of the most progressive banking structure in the world, totaling about 700 local and foreign banks and financial…
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Dividend Tax in Singapore

Dividend Tax in Singapore

Dividends are income obtained from your share of rights in a business, which may be paid out to you in cash or in kind. Companies can pay dividends to their stockholders in the form of corporate stocks. Singapore has an advanced tax background, which is based on national policy and…
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Company Management in Singapore

Company Management in Singapore

Management represents the act of putting people to work together in order to complete certain common objectives using the accessible resources in an efficient and effective manner. Because organizations can be regarded as systems, company management in Singapore can as well be explained as human action, together with design, to…
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Audit Requirements in Singapore

Audit Requirements in Singapore

Auditing is an extremely complex procedure, representing the systematic examination and certification of a company’s books of account, transaction records, and other important documents, and physical examination of inventory by certified accountants in Singapore, called auditors. The legislation that regulates audits in Singapore is represented by the Audit Act. Nevertheless,…
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Corporate Tax in Singapore

Corporate Tax in Singapore

Singapore is frequently quoted as the primary example of countries that continues to diminish corporate income tax rates and introduce several tax incentives in order to attract foreign investments. The corporate income tax amount has been fixed at 17% since 2010 and it is planned on the basis of the…
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Taxation System in Singapore

Taxation System in Singapore

Foreign individuals living in Singapore or foreign companies with business activities established here have to comply with the local taxation system. Taxes to which the above mentioned are liable to have to be paid at the Inland Revenue Authority of Singapore (IRAS), an institution working under the supervision of the Ministry…
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Bookkeeping Services in Singapore

Bookkeeping Services in Singapore

Bookkeeping services are those activities related to recording, maintaining and updating all of the company’s financial transactions. They include the performed purchases, sales, payments and all of the receipts of a corporation or a sole trader. Table of ContentsTypes of bookkeeping services in SingaporeBookkeeping in Singapore  Bookkeeping legislation in Singapore Advantages…
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Audit Firm in Singapore

Audit Firm in Singapore

Foreign investors who are interested in the business environment in Singapore should know that the local legislation stipulates that companies set up here are required to pass through an audit process, which is performed by registered accountants in Singapore. If you need to perform an audit for your company, our accounting firm…
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