IRAS requires the company to have a proper system to keep all the daily business transactions in accounting system. IRAS has been strictly enforcing taxation laws, and complying is essential to securing your long-term business success.
Take up our Singapore corporate tax services today and be tax-smart. Comply with government taxation regulations without unnecessary overpayments. Singapore low tax rates and tax incentives continue to attract entrepreneurs around the world to setup their business companies in Singapore. The Government generous tax incentives of granting companies first 3 years of tax assessment, first $ 100,000 chargeable income (profits) at zero rate and next $ 200,000 profits at tax rate of 8.5% and above $ 300,000 profits, at flat 17% tax rate.
Singapore has a one-tier territorial based flat-rate corporate taxation system. Effective tax rate is 17 percent on companies, the lowest in the world.