Singapore accounting, auditing & tax filing

All Singapore private limited companies have to comply with annual filing and reporting requirements of the Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS).

Within 3 months from the financial year end, a company has to file its Estimated Chargeable Income (ECI) for the Year of Assessment to IRAS. A private company must also submit its Income Tax Return (Form C/C-S) together with supporting documents (i.e. financial statements, tax computation) before 15 Dec for e-filing.

Our accounting and tax-filing services provide flexibility for companies with varied sizes and multiple business purposes. We not only have your company stay fully compliant with filing obligations, but also provide you with a clear picture of your company's financial position on an accurate and timely basis.

Accounting & tax filing services

Yearly revenue in USD
1
900,000
$75
/
Month

Total yearly estimated cost
for accounting:
$900

** The above fee is in USD and may vary depending on the complexity of your transaction

accounting-auditing-tool

What included in Accounting package:

  • Monthly accounting review
  • Xero cloud accounting
  • Monthly preparation of FSs

Annual tax filing:

  • ECI preparation and filing
  • Filing Form C/C-S

In case you want to reserve your company for later needs, we can help to minimize annual maintenance costs with Dormant Company Package.

Dormant Company Package

With all fees included:

  • Full company secretary services
  • All government renewal fees
  • Fulfill annual filing and reporting obligations
    US$600

    Additional supporting services

    ServicesDescriptionPricing
    Personal Tax Filling & Payroll assistance
    Payroll OutsourcingAdministration of payroll process in compliance with tax and labor regulationUS$50 per person per month
    Central Provident Fund Account setupEmployers’ mandatory contribution for social security savings scheme of employees who are Singapore citizens or permanent residents.US$120 per person
    Form IR8A submissionAnnual income reporting for all Singapore employeesUS$100 per person
    A surcharge of US$150 USD with Appendix 8A
    Form IR21 submissionTax clearance for non-citizen Singapore employees in case of employment cessation or departure from Singapore.US$120 per person
    A surcharge of US$230 with Appendix 1
    Personal Income Tax FillingUS$125 per person
    Other services
    Liaising with AuditorCooperate in providing documents and assist in handling queries from auditors.US$500
    Full XBRL preparationConvert full set of financial statements in XBRL format.US$500
    XBRL highlight preparationConvert financial statements highlights in XBRL format.US$350
    GST registrationApply for GST registration when company’s annual turnover exceeds S$1 mil.US$450

    FAQs

    • Minimum one director and one shareholder.
    • Local resident director(s).
    • A local registered address in Singapore.

    Generally, no restrictions except for financial services, education, media-related or other politically sensitive businesses.

    In Singapore, it is mandatory for a company to file annual returns with Accounting and the Corporate Regulatory Authority (ACRA), and annual tax returns with the Inland Revenue Authority of Singapore (IRAS).

    Definitely, yes. According to Singapore Companies Act, 100% ownership of a Singapore company is permitted, either for a local person or a foreigner.

    A Singapore company is basically taxed for its profits, regardless of the sources. For the first three years, the company is levied from 0% to 17% depending on its incomes. After that, the tax rates are 8.5% and 17%, respectively for the first 300,000 SGD and the remainder.

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