Individual tax filing services
In personal tax preparation, we help you to do up your individual tax returns.
Should you or your spouse claim the child relief? How much to contribute to your SRS account? We address these questions for you.
If you receive income from other sources such as rental property, shares or other assets, we help you ascertain the expenses that can be off-set against your income or avail of tax exemptions where applicable.
Talk to our tax agent to work out a tax return that is in your best interest.
For us to assist with your individual tax filing, we require your financial records and information to be provided to us.
For YA 2016, individual tax rates for tax residents are from 0% to 20%. From YA 2017 onwards, the rates range from 0% to 22%.
Income is taxable unless it qualifies for tax exemption. Common taxable income includes (but are not limited to) employment income, business income and rental income from letting out of property.
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.
From YA 2018, the total amount of personal income tax reliefs that a resident individual can claim will be capped at $80,000 per YA.
How we help
Tax filing package
Main tax computation
Required supporting tax schedules
Individual tax returns
Fulfil individual 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.