Tax Consultancy & Computation Services Singapore
Singapore is one of the top locations to set up a business because of its low taxation rates.
Singapore has a relatively low corporate tax rate as well as a relatively low personal tax rate that is progressive.
Singapore also does not have capital gain tax which makes making investments in Singapore a lucrative return for many who have decided to come to Singapore.
Singapore Tax Consultancy and Computation – Sinagpore’s tax rates may be low but there are quite some rules that you may not be aware of when you are doing the computation. It is best to hire a professional such as Koh Management to assist you with all this requirements.
What does a Singapore Tax Consultant do?
Tax Consultants are core to a business and its running as Tax Consultants are able to:
- Help you save on your overall tax bills
- Plan your company operations so that you can get tax incentives or rebates if there are any
- Be able to strategize to minimize tax output through working on your personal tax as well
FAQ for Singapore Taxation Consultancy Services
A1: In Singapore, a tax consultant can help you understand the intricacies of the local taxation system, including individual income tax, Goods and Services Tax (GST), corporate tax, and other relevant taxes. They guide you through compliance, filing processes, and planning to minimize your tax burden.
A2: The cost can vary, but it’s often balanced by the potential savings and peace of mind you get from expert guidance, especially if you have multiple income streams, run a business, or have foreign-sourced income.
A3: While the Inland Revenue Authority of Singapore (IRAS) provides a user-friendly platform and some people may find tax software sufficient, a tax consultant offers personalized, expert advice that general software may not provide.
A4: Absolutely. A tax consultant can guide you on how your future financial decisions, such as investments, property acquisition, or retirement planning, will impact your tax situation.