Corporate Tax Submission Deadlines
In this section, you will learn when you need to submit your corporate tax filings. Tax Submission Deadlines at a Glance for Companies We have presented your deadlines based on your Financial Year End (FYE), just look at the line that is applicable to you and remember to get your taxes sorted before these dates! […]
What happens if I am late for my Corporate Taxes?
In this section, you will learn about the effects of late filing of taxes and what you should do. You are late for your Form C/C-S tax submission. What will happen? We have classified the late filing procedures into 4 main phases for you. In the unfortunate event that your tax filing is late, it […]
Singapore Personal Tax Rates
Personal Income Tax Rates for Residents The personal income tax system for Tax Residents in Singapore is based on a progressive tax system. This means that a different tax rate is charged progressively as income increases. Simply put, your annual personal income will be divided into different income bands with a progressive tax rate attached […]
Understanding Personal Tax in Singapore
Personal Income Tax Rates for Residents The personal income tax system for Tax Residents in Singapore is based on a progressive tax system. This means that a different tax rate is charged progressively as income increases. Simply put, your annual personal income will be divided into different income bands with a progressive tax rate attached […]
Tax Resident Vs Non Residents
How Do I Know if I am a Tax Resident or a Non Resident? You will be considered as a Tax Resident if you work in Singapore for 183 days or more. You will be considered as a Non Resident if you work in Singapore for less than 183 days. Concessions to 183 day […]
Tax Reliefs
Types of Reliefs Available Tax Reliefs can be categorized into 3 main categories: General Reliefs available to all taxpayers Additional Reliefs/Rebates available to married/divorced/widowed male taxpayers Additional Reliefs/Rebates available to married/divorced/widowed female taxpayersGeneral Reliefs include: Course fees relief CPF cash top-up relief CPF Relief: For employees only CPF Relief: For self-employed/employee who is also […]
Personal Tax Submission Deadlines
Please file for your personal income taxes before 15 April of every year If you are doing paper filing Or 18 April of every year If you e-file
What happens if I am late for my Personal Taxes
In the event that you are late for personal tax filing, the following recovery actions will be taken by IRAS: Issue an estimated Notice of Assessment Impose a penalty for not filing Summon you to Court Issue a Warrant of Arrest Take legal actions where a penalty that may be twice the tax amount assessed […]
Cost-Benefit Analysis for GST Registration
In this article, you will learn some of the common considerations to take into account before deciding if voluntary GST registration is a sound decision for you and your business. Factors to Consider when deciding if you should Register Voluntarily Proper bookkeeping process in place to ensure timeliness of GST Return Filing Being GST […]
