Singapore is nowadays called the playground of Asia – the hub of the continent and a desired place to live, work and play. It also has great connectivity with several emerging economies of South-east Asia such as Vietnam, Cambodia, Malaysia, Thailand and Indonesia, which are all just two-hours flight away from the country’s world-class Changi airport. But to top it all, and which probably is the foremost attraction for foreigners wishing to relocate to the city-state, is the country’s people-friendly income tax filing policies and Singapore tax rates. In Singapore, non-Singaporeans and non-Singapore Permanent Residents are treated as foreigners for tax purposes; and are liable to income tax on all income derived from or accrued in Singapore. How much they pay depends on their tax-residency status, with the cut-off periods being 60 days and 183 days. It is also important to note that if a foreigner is issued with a work pass that is valid for at least one year, he or she is treated as a Singapore tax resident upfront.
Our tax consultation specialists possess extensive advisory and compliance experience and can help you with your income tax filing needs.
We offer the following personal tax filing and tax preparation services in Singapore:
- Registration for new tax payers
- Preparation and filing of income tax returns based on your income
- Determination of possible deductions and reliefs that are applicable to you
- Request for extension of deadline, if necessary
- Preparation of Form IR8A/IR21 for employees
- Tax planning and tax advice