Tax planning is essentially a strategy that is used by businesses to decrease tax liability. Meanwhile, given the Inland Revenue Authority of Singapore ("IRAS") authoritative inspection of companies for corporate tax fulfillment, this policy is turning extremely difficult.
Tax planning is important for both companies and individual. Although Singapore tax rates are relatively competitive, tax planning is necessary for investment and business planning.
Tax is an part of businesses cost that have to be minimized so that the returns of investments to the shareholders can be increased. Singapore tax planning is not an attempt towards tax evasion.
Tax planning helps businesses and individuals to lower their tax obligation and increase business profit and individual saving.
In order to do tax planning for tax saving is to engage an experienced tax service provider. An experienced tax service provider will assist you to get the most effective tax planning after understanding your tax obligations in terms of corporate and personal tax.
With more than 15 years of experience in provision of tax services and our knowledge, we can help the business owners and individuals to minimize their tax obligations.