If you are looking for a tax accountant in Singapore, Terra Advisory can help. Our experts at Terra Advisory will help your Singapore based business be tax compliant. We provide individuals and business owners in the country with valuable insights about local as well as global industries.
Why Use a Tax Accountant in Singapore?
All of our tax accountants are experienced in providing taxation services on both an individual and corporate level. Companies are always looking for better ways to manage increased pressure on taxation and reporting processes.
Even the most successful business owner or astute individual can end up on the wrong end of the IRAS. It takes a keen eye and experience across different financial processes to prevent liabilities.
Tax Governing Authorities in Singapore
IRAS
The governing statute that regulates both individual and corporate taxation requirements in the country is The Income Tax Act of Singapore. Formerly known as the Inland Revenue Department, the IRAS (Inland Revenue Authority of Singapore) was established in 1960 in a bid to streamline collection and administrative processes.
The Inland Revenue Authority of Singapore (IRAS) administers the execution and collection of taxes in Singapore. We compile the necessary annual tax return documents for submission to IRAS. We also help you in tax planning and provide you professional guidance to file audited or un-audited accounts.
The aim of the IRAS is to facilitate a better tax environment that encourages enterprise and growth across all sectors. The progressive tax regime of Singapore is one of the major reasons behind foreigners choosing this island nation for incorporating their businesses. Due to the lower, compatible ad flexible tax systems, Singapore encourages foreigners to work and stay here.
The Tax System in Singapore
Our experts at Terra Advisory are familiar with working with all types of taxation requirements in the county. These include –
- Corporate Tax
- Personal Tax
- International Tax Advisory Services
- Goods and Service Tax (GST) Services
- Transfer Pricing
We Save you Time
A tax accountant will save you more time processing taxes than you can yourself. Processing taxes is no simple task. You can probably complete most of the forms yourself if you own a small company. But will you be doing them the right way or on time?
You may end up facing heavy fines if the forms are filed incorrectly or if they aren’t filed when they are supposed to. The forms might be returned to you or the tax authority may just decide to send over a tax inspector to analyze every document you own.
It doesn’t matter if you are an individual employee or a business owner. Your time is best spent doing what you are good at. A trained accountant from Terra Advisory will help you complete appropriate forms and return in to pertinent authorities in order and in a timely manner.
Our experts from Terra Advisory have proven to be valuable resources to companies in Singapore. We have helped our valued clients keep in compliance with taxation regulatory requirements in the country thereby giving them more time to focus on core operations and grow their businesses.
We Save you Money
By employing a team of dedicated tax consultants, small businesses can expect an entirely different level of technical guidance on corporation tax than might be expected from a generalist accountant.
Our tax consultants will spend time with you to understand your personal circumstances, what other income you have, how your business is structured, and when you need to realise what proportion of your investment, to make sure no stone is left unturned when it comes to giving you the best tax advice and saving on your tax returns.
This goes without saying. Completing taxation forms is one thing. However, doing them in ways that save you money is a different matter entirely. Most residents and business owners are ill informed in this regard.
After all, running your business and paying bills takes up most of your time. Our tax professionals from Terra Advisory will ensure that you take advantage of any legal means to minimize your tax bills.
Terra Advisory offers a full range of tax services for both corporate and individual customers. Contact us for the services of a tax accountant in Singapore. We are here to ensure that you don’t pay more than you have to come tax time.