tax planning singapore
Rikvin Aims To Provide Excellent Singapore Accounting Service
Rikvin, a trusted business registration firm provides full range of accounting services for companies that require comprehensive and well-constructed set of financial statements for their business. All accounting records are maintained using the best computerized accounting systems. Our professional accountants work with the clients to help determine their needs and customize packages that meet their requirements.
Singapore Accounting Service provided by Rikvin assures a reduction in administrative costs, awareness and compliance with statutory regulations and allocates enough time for businessmen to focus on their operations and company objectives.
The following services are categorized on Singapore Accounting Services:
- Accounting Services
- Bookkeeping – All companies are required to keep books of accounts as stipulated by the Singapore Companies Act.
- GST Registration and filing – GST registration should be applied at Inland Revenue Authority of Singapore (IRAS). Goods and Services Tax is a consumption tax on most domestic goods and services, and it is currently at 7%.
- Payroll Service – Businesses should ensure on time payment for government remittances such as CPF, confidentiality on payroll information and adherence to tax filing requirements.
- Personal Income Tax Service includes advisory services on personal tax planning double taxation and relief claimable, personal tax computation & filing services (Form B1/Form B/ Form M/E-Filing), preparation of tax form IR8A (statement of salary for employees), withholding tax assistance for non-resident individuals and Personal tax clearance for individuals leaving Singapore.
- Accounts Payable Services – refers to issuance of sales invoice and payment vouchers.
- Statutory Compliance Services
- ECI Submission – estimate of a company’s chargeable income for a Year of Assessment. Inland Revenue Authority of Singapore (IRAS) requires all registered companies in Singapore to submit an ECI for the Year of Assessment within three months after the financial year ends
- Statutory Compliance Service includes Computation of corporate tax and filing of Annual Tax Return with IRAS, preparation of Financial Statements as per Financial Reporting Standards of Singapore, preparation of Director’s Report and Preparation and filing of Annual Return with ACRA.
- Accounts Audit Service
- Corporate Tax Returns Service
- Tax Planning
- Software Services
- Accounting Software Implementation and Training
After having an overview of Singapore Accounting Service and you think you still need additional information or you have questions to ask, please do not hesitate to contact any authorized Singapore Accounting Service firm such as Rikvin to address all your concerns and to facilitate all accounting services of your company.
About the Author
The firm provides a complete corporate solution under one roof for which includes assistance to Start a Singapore Company, with the opening of corporate accounts, business registration including Singapore Accounting Service, tax, immigration related to work passes visa and compliance services in Singapore. The firm has also helped encourage foreigners to register a Singapore company.
HOw much would be the tax if i bring home a 42inches flat tv?
We’re planning to buy appliances here in Singapore because it is cheaper compare in the Philippines… How much would be the Customs charges for a 36inches and higher.
I have no idea because you did not include the cost of the TV. The higher the price is, the higher the tax will be.
Tax Planning in Singapore
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