taxation services Singapore

1. Downloaded from: justpaste.it/2uviq Filing Your Corporate Tax for Singapore in 2021 - What You Need to Know The tax season is upon us. You need to be aware that the deadline for filing a corporate income tax return for your company is 30 Nov 2021. You need to submit your Form C-S/ C for the YA 2021 by it. Well, will you file it on your own or, like many other companies, choose to hire a reliable provider of taxation services Singapore? Yes, you can choose to file Singapore company tax by yourself, provided you know what you are doing. Since it is a time-consuming and complex task, many directors outsource it to expert tax consultants. Doing so frees them of worry about the accuracy of the tax return filed. Appoint Taxation Services Singapore The taxation services Singapore know their business and have the latest updates regarding the tax laws. It means they are in a position to advise you and optimize your taxes to a minimum tax amount without compromising your compliance. The tax consultants have updated knowledge about the tax incentives, reliefs, rebates, and treaties. They leverage it effectively to minimize your tax burdens and obligations. You will think it is the main reason why Singapore companies hire taxation services Singapore. No! Most of them do it to avoid harsh penalties for incorrect filings. You can get both these benefits by appointing an experienced Singapore corporate tax firm. It will also save you time, money, and headache. You may also ask these firms for advice on saving money in the future. Singapore Corporate Tax Filing in 2021

2. You need to; Use the e-Filing system to file corporate income tax returns File simplified Form C-S (Lite) if your company's annual revenue is below $200,000 and it is entitled to file Form C-S Singapore company income tax rate is still pegged at 17% Claim 75% tax exemption on the first $100,000 of chargeable income, if you are filing a tax return for a new tax resident Singapore company Claim 50% tax exemption on the next $100,000 of chargeable income. Under the Start- Up Tax Exemption Scheme, your company can claim this benefit for the first 3YAs. Claim partial tax exemption of 75% on the first $100,000 and 50% on the next, $100,000 of chargeable income No Corporate Income Tax Rebate is proposed for YA 2021 Can claim the Renovation & Refurbishment (R&R) deduction in one YA for qualifying R&R expenditure in YA 2021

3. Accelerate the write-off of plant and machinery (P&M) over two years on the assets' cost incurred in YA 2021 Choose between the carry-back or enhanced carry-back relief system for YA 2021 If you want to file company tax Singapore for your company on your own, you can do so by visiting IRAS' website mytax.iras.gov.sg. The experts advise companies to hire a reliable provider of taxation services Singapore. It is the best option of eliminating the stress and anxiety associated with the task. Most importantly, doing so allows managerial staff to stay focused on achieving the company's core goals and objectives. If you are new to the Singapore marketplace, explore your options and choose to appoint an experienced firm for taxation services Singapore or do the filing yourself. Ask your business associates, friends, or mentor to refer such a firm for hassle-free corporate tax filing.