Tax & GST Filing Services in Singapore

We are Accredited Tax Professionals

As professionals accredited by the Singapore Chartered Tax Professionals (SCTP), we have extensive knowledge of the tax system to help you fulfil your tax obligations. In addition to income tax compliance, our service also includes filing GST returns and providing advice in accordance with tax laws around tax planning to facilitate your business growth.

Expert Tax Solutions for Singapore Businesses

Tax compliance in Singapore has grown increasingly complex, particularly with the Inland Revenue Authority of Singapore (IRAS) intensifying its scrutiny. As a business owner, it’s challenging to stay abreast of evolving tax regulations and meet various deadlines for Corporate Income Tax and GST returns. Any delay or errors in submission can lead to significant penalties. Outsource your tax functions to our trusted tax advisory and GST filing services, and alleviate the stress associated with tax management. Let us handle the complexities of tax compliance, so you can focus on growing your business.

Corporate Tax

We provide corporate tax services to businesses ranging from start-ups to small and medium enterprises. We can help you meet your annual tax compliance so that you could focus on your business while staying on top of the tax matters.

All our accounting packages come with free annual filing of ECI and Form C-S.

Goods & Services Tax (GST)

GST is a tax on domestic consumption. It is levied on nearly all supplies of goods and services in Singapore, as well as the import of goods into Singapore. GST is charged at 7% for standard-rated supplies. If your company has a taxable turnover of over S$1 million in a calendar year, you have to register for GST and comply with the filing requirements. There are scenarios where you may opt to register for GST voluntarily for business reasons, even though your business does not exceed S$1 million.

We provide a comprehensive range of GST services including GST registration and filing of quarterly GST returns.

Business Tax Advisory

We can provide tax advisory services aligned with your key business goals. Our expertise extends to strategic business planning, assisting you in comprehending how your business strategies may impact your tax profile at a strategic level and developing a tax-efficient structure.

Annual Tax Package

Standard Tax

from S$500 per year

Our tax package is perfect for business owners who have done their accounting for the year, and require support on tax filing. The standard plan covers the mandatory tax filing to IRAS:

Additional Services

GST registration / deregistration

from S$500

We register / deregister your company for GST.

Submission of GST return

from S$300 per quarter

Preparation and filing of Form 5

Tax on Singapore Property

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FAQs about Tax in Singapore

There is a flat rate of 17% on chargeable income for businesses in Singapore.

As of 2022, the current GST rate is 7%. However, as announced in the Singapore Budget 2022, there will be an upcoming GST rate rise to 8% with effect from 1 January 2023. The GST rate will subsequently increase to 9% from 1 January 2024. For more information, we cover what this will mean for your business.

According to IRAS, you will have to file your first Income Tax Return upon closing your first set of accounts. Take note that there are some tax incentives available for start-up companies to take some weight off your shoulders. For instance, the Tax Exemption Scheme for New Start-Up Companies will give you a 75% exemption on the first S$100,000 of your chargeable income and subsequently a 50% exemption on the next S$100,000. To find out if you are eligible, your Chartered Accountant can advise you with up-to-date knowledge and financial expertise.

If you have yet to have your own accountant, it is best to engage a qualified accounting expert to provide you with accurate and informed advice. With Chartsworth, our team of Chartered Accountants can handle your annual filing of requirements and tax matters for a fixed fee so you can have peace of mind.

From $400 per year, our standard tax package covers the mandatory tax filing to IRAS, which will include Tax Computation, Filing of Estimated Chargeable Income (ECI) and Filing of Form C-S. With your financial interests as our top priority, we will save you a massive amount of time and money while you focus on your business goals. 

You can also reach out to us for tax advisory services. This can encompass optimising your tax incentives, analysing tax implications on business transactions and providing tax advice on the optimal group structure for your company. 

Beyond tax and GST filing services, we also offer accounting, incorporation and corporate secretarial solutions tailored to your business needs.

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