Corporate Tax Return Filing
Filing your corporate tax return accurately and on time is crucial for compliance, avoiding penalties, and peace of mind. Our expert tax services in Singapore simplify corporate tax obligations, offering tailored, comprehensive support from seasoned professionals.
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Corporate Tax Filing
We ensure your filings are compliant and financially optimized, guiding you with clarity and confidence through the complex tax process.
Tax Filing (Form C/C-S)
Every business in Singapore is required to submit their Corporate Income Tax Returns electronically to IRAS, utilizing either Form C, Form C-S or Form C-S Lite.
Estimated Chargeable Income (ECI)
Companies must file within three months after their financial year concludes, unless they are eligible for an ECI filing waiver or are explicitly exempt from filing an ECI.
Good & Service Tax (GST)
A company is obligated to register for GST once their taxable turnover exceeds $1 million, whether retrospective at the end of the calendar year or prospective expected to be more than $1 million in the next 12 months. Additionally, a company may opt to register for GST voluntarily. Our Accountant will provide assistance with both the GST Registration process and the Quarterly filing requirements.
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Get the Hassle of Corporate Tax Filing off your plate
Let us handle your Corporate Tax Filing by providing a dedicated accountant ensuring timely and accurate submission for your company.
Why Outsource to JWC?
Experts Support
Your company will be paired with an experienced and certified accountant, committed to ensuring your compliance and offering tailored, expert advice.
Compliance
Prompt, precise filing and digital bookkeeping. Stay abreast of the latest regulations. Our dedication to meeting deadlines guarantees your business stays compliant.
Digitalization
We've assisted businesses in embracing digitalization, streamlining their operations to not only save precious time but also to significantly cut costs.
Ready to onboard your Journey with us?
Contact our welcoming team today to discover how our solutions can enhance your company's value. Allow us to take care of your accounting and HR requirements, freeing you up to concentrate on what matters most - your core business. We're eager to connect with you soon.
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Frequently Asked Questions
When To File Corporate Tax Returns?
| Tax Return | Purpose | Due Date |
|---|---|---|
| Estimated Chargeable Income (ECI) | To declare an estimate of the company’s taxable income for a Year of Assessment (YA) | Within 3 months from the end of the financial year, except for companies that qualify for the ECI filing waiver and those that are specifically not required to file an ECI |
| *Form C-S | Form C-S (Lite) | Form C | To declare the company’s actual taxable income for a YA | 30 November each year |
*It is a requirement to file your income tax return (Form C-S/Form C) with Inland Revenue Authority of Singapore (IRAS) along with any supporting documents (e.g. financial statements and tax computation workings)
What Happens if You Do Not File for Your Tax?
Ignoring the need to submit annual returns and tax filings can lead to significant repercussions for any business. The Accounting and Corporate Regulatory Authority (ACRA) has updated its penalties for submissions past their due date. Businesses now face fines of $300 to $600 for not meeting filing deadlines. Additionally, not submitting annual tax returns on time can trigger an estimated Notice of Assessment (NOA), often resulting in higher taxes owed. It's required to settle the estimated taxes within a month to avoid further issues. Failing to comply could escalate to legal proceedings. Make your filing process smooth by taking advantage of our expert accounting secretary services, designed to ensure you meet all deadlines without any stress.
Can i Switch from my Current Provider to JWC?
Certainly! We ensure a smooth transition for you. Our team will directly coordinate with your existing accounting service provider to seamlessly transfer all your financial records, ensuring your company remains compliant. We meticulously review essential reports and seamlessly migrate all your data. Additionally, we provide continual guidance on pertinent tax exemptions, empowering you to efficiently navigate the complexities of the tax system. With your accounting needs expertly managed, you're free to concentrate on what you excel at: leading your business forward.