Taxation

Taxation

At ALT Accounting, we offer a full range of Taxation Services. Our proactive approach ensures we deliver a consistent service and build solid relationships which stand the test of time.

Taxation can be a major cost to your business. We will work in partnership with you to minimise your tax and help you achieve your key objectives.

Our Services

  • Preparation of personal & company tax returns and advice on payment of tax
  • Formulate strategies for implementing effective tax planning
  • GST planning and obligations
  • Advice on tax minimisation
  • Management of any tax audits or disputes
  • Company and personal tax compliance
  • Preparation of tax return for Individuals, Sole proprietorship for Comptroller of Income Tax Submission
  • Preparation of tax return for Partnerships for Comptroller of Income Tax Submission
  • Preparation of Company tax return for Comptroller of Income Tax Submission
  • Filing of estimated chargeable income
  • Applicable tax incentives advisement
  • GST registration with Comptroller of GST
  • Preparation and submission of GST returns on a quarterly basis

Singapore Corporate Tax Rate

A company is taxed at 17% flat rate on its chargeable income regardless of whether the company is a local or foreign company.

Newly Registered Companies enjoy full tax exemption

From 2010 onwards, newly registered companies can enjoy tax exemption on the first $100000 chargeable income for the initial 3 years.

Tax exemptions conditions:

A private company registered in Singapore.

Has less than 20 individual shareholders and one shareholder hold minimum 10% of the ordinary shares issued of the company.

In that year of assessment, the company is considered as Singapore tax resident.

Singapore has no capital gain tax

Income tax is paid by a company on its chargeable income

There is no tax on dividend payment.

A company is Singapore Resident for tax purposes when:

Board meetings take place in Singapore

Manage and control are exercised in Singapore

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