Singapore – China Double Tax Treaty

Singapore – China Double Tax Treaty

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An agreement for the avoidance of double taxation is in place between Singapore and China. The initial treaty was signed between the two jurisdictions in 1986. The current version of this agreement was concluded in 2007 and was subject to a number of protocols that were signed afterward. The main…
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General Consulting Services in Singapore

General Consulting Services in Singapore

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Asia is a fast growing market and one that offers plenty of business opportunities to foreign investors. Entrepreneurs who open a company in Singapore can rely on the advice and counseling provided by experts. Our accounting firm in Singapore offers targeted corporate tax services but also consulting services in Singapore…
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Trust Services in Singapore

Trust Services in Singapore

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Trust services in Singapore are employed by individuals or companies that need to transfer rights, properties, rights instruments or combinations thereof to another party that will act as a trustee. The aim of this transfer is to handle the needs of the beneficiaries. In Singapore, both individuals and companies can…
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Corporate Tax Compliance in Singapore

Corporate Tax Compliance in Singapore

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Companies incorporated in Singapore need to comply with the applicable taxation regime. Many foreign investors choose the country because of its favorable business environment and competitive taxation regime.  Several tax exemptions and incentives are available, depending on whether or not the company is a start-up or if it is a branch…
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Tax Code in Singapore

Tax Code in Singapore

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Introduced in the country in 1947, the tax code in Singapore represents a heritage from the rule of the British Empire, being modeled after the Model Colonial Territories Income Tax Ordinance of 1922. As years went by, the tax policy in Singapore adapted to the global developments, the tax code…
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The Annual Financial Statements in Singapore

The Annual Financial Statements in Singapore

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The financial statements in a business represent an important aspect of accounting in Singapore, being official documents in which all the financial activities of the company are depicted in simple terms. Each business must file its annual financial statements in Singapore. Foreign companies and their local branches in Singapore are required…
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Insolvency Law in Singapore

Insolvency Law in Singapore

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Insolvency generally defines the incapacity of a legal entity to pay its debts. When a company cannot pay its dues, its creditors can declare it insolvent through a court. The court usually appoints an officer which evaluates the situation of the company, resulting in either a restructuring of the business or…
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Frequently Asked Questions

Frequently Asked Questions

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Some of the most frequently asked questions on accounting matters in Singapore that we have come across from our clients are as listed below. 1.    Which are the tax authorities in Singapore? The main tax authority in Singapore is the Inland Revenue Authority of Singapore (IRAS). It is responsible for collecting taxes…
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Taxation for Foreign Investors in Singapore

Taxation for Foreign Investors in Singapore

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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

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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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