The Benefits and Importance of Timely Corporation Tax Filing
Corporation tax is a direct tax imposed on the net income or profit of corporations and other businesses. It is a fundamental aspect of a business’s financial landscape, representing a significant part of its fiscal responsibilities. In many jurisdictions, including Singapore, corporation tax is a critical component of the national tax system, reflecting a business’s […]
Benefits of Outsourced Accounting
Singapore’s Accounting Services are popular among Small and Medium sized Enterprises (SMEs). Sparing some time to maintain the books for their businesses is not always possible. Bookkeeping is much like going to the dentist—no one really wants to take the time out to do it but neglecting the issue can lead to serious repercussions. For […]
Introduction to Corporate Taxes
I. Background & BasicsAll companies that do business in Singapore are required to pay corporate taxes. A company, for income tax purposes, is defined by the IRAS as: • A business entity incorporated or registered under the Companies Act 1967 or any law in force in Singapore (usually includes ‘pte ltd’ or ‘ltd’ in its […]
