Tax Services
Your trusted partner for all your tax needs. Let us help to optimize your tax strategy & take the stress out of your tax management.
Comprehensive Tax Services in Singapore
At JCP Trust Accounting, we specialize in delivering expert tax services tailored to meet the diverse needs of businesses in Singapore.
From comprehensive corporate tax compliance and strategic GST advisory to personalized personal tax services and international tax planning, our experienced team ensures your business’s tax efficiency and compliance.
Navigating Singapore’s tax landscape can be intricate, but with JCP Trust Accounting, you gain a dependable partner. Our dedicated team of seasoned tax professionals is committed to providing you with customized tax solutions that not only ensure compliance but also optimize your tax benefits.
Contact us today to schedule a consultation and discover how our tailored tax services can enhance your business’s financial strategy.
Efficient management of company income tax is crucial for every business. Our services include:
- Form C / Form C-S Submission: Accurate and timely submission of tax forms and appendixes to IRAS.
- Tax Computation Preparation: Detailed computation of taxable income.
- ECI Filing: Annual filing of Estimated Chargeable Income (ECI) to IRAS.
- Deadline Reminders: Timely reminders of tax deadlines via email and phone.
Ready to streamline your company’s tax management?
Contact us today to ensure accurate submission of Form C / Form C-S and timely filing of ECI.
Navigating personal income tax in Singapore is straightforward with our support.
Our services cover:
- Tax Residency Determination: Assessing your tax residency status.
- Chargeable Income Calculation: Calculating your chargeable income and applicable progressive tax rate.
- Filing Assistance: Comprehensive support in filing your personal income tax returns.
Need assistance with your personal income tax?
Let our experts simplify the process for you.
GST is a crucial aspect of doing business in Singapore. Our GST services include:
- GST Registration: Whether voluntary or compulsory, we guide you through the GST registration process, ensuring compliance and providing ongoing support.
- Quarterly GST Returns: We handle the submission and e-filing of your quarterly GST returns, ensuring accuracy and timely compliance with IRAS requirements.
- GST Course Guidance: We support you in completing necessary GST courses, ensuring your team is well-informed and compliant with GST regulations.
Ensure compliance with GST regulations.
Contact us for expert guidance on GST registration and seamless quarterly GST return filing.
For non-resident companies and individuals deriving income from Singapore, we provide:
- Tax Withholding Management: Our experts ensure compliance with Singapore's withholding tax requirements, helping you navigate the complexities of payments to non-residents.
- Income Tax Computation: We accurately compute withholding tax for payments to non-residents, ensuring compliance and minimizing the risk of penalties.
Managing withholding tax complexities?
Let us handle it for you. Contact us to ensure accurate withholding tax computation and compliance.
- COR Application: We assist in applying for a Certificate of Residence, certifying your Singapore tax residency and enabling you to take advantage of cross-border tax benefits.
Planning to benefit from DTA tax advantages?
Contact us to apply for your Certificate of Residence and optimize your cross-border transactions.
E-stamping ensures your documents are legally recognized. Our services cover:
- Document E-Stamping: We provide convenient e-stamping services for your documents, ensuring they are legally valid and can be used as court evidence in case of disputes.
Need to legally validate your documents?
Contact us for convenient and secure e-stamping services, ensuring your documents are court-ready.
Got questions? We’ve got answers. Explore our FAQ section for quick and detailed responses to the most common inquiries about our services.
Singapore has a flat corporate tax rate of 17%. However, due to the various exemptions and rebates offered by the government, your effective corporate tax rate is often less than the stated rate.
The tax rates for newly registered companies in Singapore are:
- The initial S$100,000 annual taxable income is tax exempted for the first 3 years.
- The following S$200,000 is taxed at 8.5%
- Annual taxable income above S$300,000 is taxed at 17%
After the 3-year grace period, tax rates are:
- Initial annual taxable income of up to S$300,000 is taxed at 8.3%
- Annual taxable income above S$300,000 is taxed at 17%
Your company does not need to file ECI in any Year of Assessment (YA) when both criteria are met:
- Annual revenue1 is $5 million or below for the financial year; and
- ECI is nil for the YA. The ECI should be the amount before deducting the exempt amount under the partial tax exemption scheme or the tax exemption scheme for new start-up companies.
ECI – Within 3 months after FYE
Form C-S(Lite), Form C-S or Form C – by 30 November
Individuals are taxed based on the income earned in the preceding calendar year. Filing for the Year of Assessment begins on 1 Mar and you must file your Income tax Return by 18 Apr.
Your company is required to register for Goods and Service Tax (GST) when its annual taxable revenue is over S$1million, or it is currently making taxable supplies, and its annual taxable revenue is projected to exceed S$1million for the next 12 months. You can choose to register your company for GST voluntarily even if your annual taxable revenue is below S$1million. However, your company needs to remain as a GST registered company for at least 2 years.
Both GST returns and payment are due one month after the end of the accounting period covered by the return. If you are on GIRO plan for GST payment, GIRO deductions are on the 15th day of the month after the payment due date. You may refer to your acknowledgement page for payment details after you have filed.
A person (known as the payer) who makes payments of a specified nature (e.g. royalty, interest, technical service fee, etc.) to a non-resident company or individual (known as the payee) must withhold a percentage of the payment and pay the amount withheld to IRAS as WHT.
WHT rates vary according to the nature of payment.
As a payer, you must file and pay the WHT to IRAS by the 15th of the second month from the date of payment to the non-resident.
Why Choose JCP Trust Accounting For Your Tax Services?
- Expertise: Benefit from our extensive experience in Singapore's tax regulations.
- Personalized Service: Tailored solutions to meet your specific tax needs.
- Compliance Assurance: Ensure all your tax filings are compliant with IRAS requirements.
Have Questions About Your Taxes?
Our friendly tax experts are here to help. Get personalized advice and solutions for your business.