Docstoc

Singapore Income Tax Compliance | Tax Return Deadlines | Tax Filing Deadlines - Presented by Tax Accountants Pte Ltd

Document Sample
Singapore Income Tax Compliance | Tax Return Deadlines | Tax Filing Deadlines - Presented by Tax Accountants Pte Ltd Powered By Docstoc
					SINGAPORE INCOME TAX COMPLIANCE

FOR COMPANIES

Estimated Chargeable Income

Estimated Chargeable Income is an estimate of a company's chargeable income for a Year of
Assessment (YA). IRAS requires each company to submit an ECI for the Year of Assessment
within three months after the financial year ends.

Accounting Records

All Singapore Company must prepare the accounts which must consist of Profit and Loss
Account, Balance Sheet, Cash Flow Statement, and Equity Statement in accordance with the
Singapore Financial reporting standard (SFRS). The accounting records must be kept for 5
years.

Singapore Tax Return Filing

The filing/submission deadline for corporate income tax return is 30 November 2011.
Documents to be submitted are audited or unaudited Report, Form C/Income Tax Return and
tax computation. The tax authority may impose a composition fee on the company if the
documents are not filed by 30 November 2011.

Submission of Financial Report - audited and unaudited

Every company is required to submit a Financial Report. The report consists of financial
statements such as balance sheet and income statements; supporting notes and disclosure of
significant accounting policies applied by the company; disclosure of company's operations;
and shareholders and directors' interests




FOR INDIVIDUALS

Income is assessed on a preceding calendar year basis, ending 31 December. You must File
Your Annual Tax Form by 15 April of the following year. You can usually expect to receive
the income tax bills from May to August.

Our Tax Accountants can assist you in your company and personal income tax filings. Our tax
services include:

      Registration for new Singapore tax payers
      Preparation and filing of income tax return based on your income details and
       determination of tax deductions and reliefs that are applicable to you
      Request for extension of tax filing deadline, if necessary
      Preparation of Form IR8A/IR21 for employees
     Singapore and international tax planning and advice

How can we help?

Tax Accountants provides a comprehensive range of services to assist you with your needs.
Our services include Year End Accounts or Compilation Reports, Corporate & Individual Tax
Services, Bookkeeping Services, GST Return Services and Payroll Services.

Help and Advice

Tax Accountants Pte Ltd provides reliable and affordable services in Singapore which include
accounting, bookkeeping, payroll and tax services. Our work processes are designed to be
efficient and cost-effective. Our aim is to relieve you of the burdens of statutory compliance
and enable you to focus on running and growing your business. Contact us now so we can
discuss your requirements; Email us today at info@taxaccountants.com.sg.

For more information, visit:
Tax Accountants Pte Ltd
10 Anson Road, #26-04 International Plaza, Singapore 079903
Fax : (65) 6725 8438
Email : info@taxaccountants.com.sg
Website: http://taxaccountants.com.sg/
(65) 6725 8438
Email : info@taxaccountants.com.sg
Website: http://taxaccountants.com.sg/

				
DOCUMENT INFO
Description: Learn about Singapore Income Tax Compliance, Tax Return Deadlines and Tax Filing Deadlines - provided and presented by Tax Accountants Pte Ltd.