Rikvin Offers Singapore Tax Planning Services
Beginning Year of Assessment 2011, Singapore implements lower corporate tax rates.
The lower rates shall
also apply on the tax exemption scheme.
The first S$100,000 accumulated revenues are tax free, while...
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Rikvin Offers Singapore Tax Planning Services
Beginning Year of Assessment 2011, Singapore implements lower corporate tax rates.
The lower rates shall
also apply on the tax exemption scheme.
The first S$100,000 accumulated revenues are tax free, while the
next S$200,000 profits are taxed by 6.
8% from the current 8.
5%.
The subsequent S$194,118 earnings are
taxed by 13.
6% instead of 17%.
Rikvin explains that the changes are expected to ease the tax burden of companies although at the current
rates, Singapore is among the few nations to have the friendliest taxation policy.
Both individuals and
companies are taxed annually in Singapore.
Each has a filing obligation to fulfill every year.
“Individuals should file their personal income tax on 15th
of April, while companies must file their income on
November 30,” says Rikvin, a Singapore-based specialist in incorporation and taxation, among others.
Rikvin’s corporate taxation service includes corporate tax computation, preparation
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