Tax Services Singapore HCCS www.helencampos.com
Tax Services Singapore • Singapore has the lowest tax system in the world. • It has 17% corporate tax because of these more than 360,000 companies and businesses were incorporated from year 2007 and have taken leverage on low tax rate many other government incentives • To avoid penalties by the authorities it’s important to maintain company’s compliance.
Our Experienced team of accounting and tax services. • We have specialist team of accounting and financial services that provides comprehensive accounting, bookkeeping, payroll and associate services. • Our team makes sure that your financial records are prepared and maintained accurately in timely manner. • We are also expert in providing cross-border international taxation strategizing and advisory that can save significant tax dollars for our client.
Key facts of tax services in Singapore • Singapore corporate tax rate is 17%. • Singapore follows a territorial basis of taxation. • Individuals and companies are taxed on Singapore sources income • The GST rate is 7%. • Foreign sourced income will be taxed when it is remitted or deemed remitted into Singapore. • Singapore has no capital gains tax. Capital loss expenses are correspondingly not allowed as deductions. • Singapore has concluded more than 50 bilateral comprehensive tax treaties to help Singapore companies minimize their tax burden.