Rikvin Provides Singapore Corporate Tax Filing Services

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Rikvin Provides Singapore Corporate Tax Filing Services Powered By Docstoc
					Tax filing is another major concern of Singapore companies. With this, Rikvin,
Singapore’s leading corporate solutions provider offers Singapore corporate tax filing
services.

In order for Rikvin to better relay their services, the firm discussed basic information
about Singapore corporate tax including: the government full support for start up
business, full tax exemptions, tax incentives, stamp duty tax, capital gain tax and
general sales tax.

“To encourage local entrepreneurship, Singapore Government has declared a full tax
exemption for newly incorporated companies. Full tax exemption is granted on the
first S$100,000 of Chargeable Income for qualifying new companies for the first
three years of assessment consecutively,” Rikvin said.

There are certain qualifications in order for start up companies to enjoy full tax
exemptions. Companies will qualify if it is incorporated in Singapore, it is a tax
resident, it has no more than 20 shareholders, all its shareholders are individuals and
if there is at least o ne individual shareholder with a minimum of 10% shareholding.

“All existing companies are not left without any tax incentives. Singapore has
provided a tax break to encourage entrepreneurial growth among the existing
companies. Companies pay only 4.5% tax on their first S$10,000 of Chargeable
Income and 8.5% for the next S$290,000,” Rikvin added.

Rikvin also discussed in the latter part of the presentation the tax incentives given to
foreign companies such as Finance and Treasury Centre Co., Fund Manager, Oil
Trader, Securities Company, Asian Currency Unit and Pioneer/Incentive Co.


About the Publisher:

Rikvin services team consists of a group of professionals who have in depth
knowledge and extensive experience legal, financial, Singapore corporate tax,
corporate and regulatory frameworks. They are well experienced in their area of
practice. They guide you through every step, respond promptly, and closely follow
your application progress to ensure that your case is presented in the best possible
manner that it deserves.

We have been assisting clients from all over the globe form a Singapore company.
Our success rate is phenomenal, and all most all of our enterprise clients have
entrusted us, with the routine management tasks such as book keeping and
secretarial services and we continue to impress them beyond our promise.

Rikvin PTE LTD
20 Cecil Street, 14-01, Equity Plaza, Singapore 049705
Main Lines: (65) 6438 8887
Fax: (65) 6438 2436
http://www.rikvin.com

				
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posted:1/9/2011
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