Corporate tax filing services
Every company needs to file its income tax with IRAS every year. We help you meet corporate tax filing requirements so you don’t have to worry about penalties.
Do you know that Singapore has an attractive tax regime that offers a number of tax benefits & deductions to companies? To benefit, these claims need to be reflected in the company’s corporate tax returns.
We help you to identify the exemptions & deductions for your company and factor them into your tax returns so your taxes are minimised.
Getting our help also means you stay on top of tax rules which change every year with the Budget announcement.
Talk to our tax agent to find out how you can obtain tax savings which you can use to reinvest into your business.
After which, the company needs to submit actual tax returns (Form C/C-S), tax computation and financial statements to IRAS by 30 November of the assessment year.
For us to assist with your corporate tax filing, we require your financial statements and accounting records and information to be provided to us.
Companies that meet all of the following conditions for the YA can file the Form C-S:
(i) Incorporated in Singapore;
(ii) Annual revenue ≤ $1 million;
(iii) Derives only income taxable at the normal corporate tax rate of 17%; and
(iv) Not claiming carry-back of current year capital allowances/losses, group relief, investment allowance, research & development tax allowance or foreign tax credit and tax deducted at source.
Companies that do not meet the above conditions will submit Form C to IRAS.
For YA 2016 and YA 2017, a corporate income tax rebate of 50% capped at $20,000 per YA is available to companies.
|Amount exempted from tax|
|First $100,000||@ 100%||$100,000|
|Next $200,000||@ 50%||$100,000|
|Amount exempted from tax|
|First $10,000||@ 75%||$7,500|
|Next $290,000||@ 50%||$145,000|
Generally expenses which are wholly and exclusively incurred in the production of income are deductible, provided they are revenue in nature and not specifically prohibited from deduction by the law. For example taxi fares incurred for business are deductible but expenses on s-plated cars (even if for business purpose) are specifically prohibited from deduction and not deductible.
How we help
Tax filing package
Estimated Chargeable Income (ECI)
Main tax computation
Required supporting tax schedules
Corporate tax returns (Form C/C-S)
Fulfil corporate income tax filing requirements with IRAS.
Obtain tax savings
We help you identify and claim applicable tax deductions & exemptions to optimise tax savings.
Get in touch
Talk to us about your tax filing. Or if you've a question, drop us a note.