All You Need To Know About Singapore Tax And Accounting Services By Expertsby HC Consultancy Best Full-Service Corporate Secretarial Firm
It is known that Singapore has the lowest tax system in the world. With a less corporate tax of 17% and other incentives that the government offers, more than 360,000 companies, and business were incorporated since 2007 to take advantage of the tax system. Corporate compliance has a vital role to manage these many companies. Furthermore, if the company is not tax-free it is important that the company should pay a certain amount of their revenue to the authorities else the fine imposed by the authorities will be very heft as compare to the taxes that are being paid. Therefore, tax services Singapore can be taken care of by HCCS.
We at HCCS provide services like Accounting & Bookkeeping, Corporate Tax, and GST Registration and filing, etc. If you opt for any of our services then you don’t have to worry about accounting, tax filing, etc as we take the entire laborious task on our shoulder and you only have to concentrate on your business. Every business in this world needs accounting and our experienced professionals will provide best in class service. Also, every year companies have to file corporate tax by the end of November and we make sure we file tax for our clients within the stipulated time. We do GST Registration and filing for the companies that have annual revenue of more than 1 million, without being worried about it.
Our experienced staff will provide consultancy about tax planning, tax advisory form Singapore perspective but also are expert in providing consultancy in cross border international taxation system that can save money without burning a hole in pockets.
Some of the Key Factors for Tax Services Singapore
· Taxation in Singapore is followed by territorial basis.
· foreign income is taxed when it is remitted in Singapore.
· Individuals and companies are only taxed on Singapore based income.
· The Corporate tax in Singapore is the market at 17%.
· The GST is capped at a 7% rate.
· In Singapore, personal tax starts from 0% and goes maximum to 22% for native residence whereas for non- residents it varies from 15 to 22%.
· Personal tax return filing deadline date is 15th April of every year.
A Shareholders Agreement is a formal contract that lays out the rights and responsibilities of a company's owners and also lays out the relationships between the shareholders and the company's management. The main objective of the agreement is to establish shareholders rights and protect their interest in the company, as well as to lay down rules regulating the management of the company and make important decisions. The Shareholders agreement in Singapore is mostly used in private companies and joint ventures.
In a nutshell, if you are looking for a company having professional and dedicated staff that can prepare and manage legal document like Shareholder agreement and take care of your account and taxation, then you can rely on HCCS without hesitation as we have years of experience and have good portfolio of clients that are benefiting from our services.
Created on Nov 5th 2020 08:44. Viewed 219 times.