TAX COMPUTATION/ FILING SERVICE

ACCOUNTING SERVICES SINGAPORE
As a business owner, you should be on a constant lookout for ways to reduce your tax liability. Review your tax situation with your accountant. He will be able to advise you on the latest changes in tax laws and alert you to tax deductions or incentives that you may not be aware of.

Tax Planning is a year-long activity. Understand what deductions are available to you and keep proper records to support them. This way, you will be able to reap tax savings and use them to successfully operate and grow your business in Singapore.

Services

Chan Management Services provides Tax Service, where we will advise and update you on the individual and corporate tax matters so that your tax obligation is mitigated in a legal way.

Our Tax Services would include:

• Preparation of the tax computation to calculate the tax liability of company or individual.
• Filing the Form C for the company’s approval and Form B or Form P for business.
• Submission the tax returns to IRAS (Inland Revenue Authority of Singapore).
• Assisting your company to verify the Notice of Assessment upon receipt of the Notice of Assessment (issued by the Comptroller of Income Tax). If the Notice of Assessment is excessive, we will assist you to lodge a Notice of Objection with the Comptroller of Income Tax on your company’s behalf. Subsequently we will attend to the queries raised by the Comptroller of Income Tax on the company’s transactions on you or your company’s behalf.
• Submission of Estimated Chargeable Income (“ECI”) within 3 months from financial year end.
Process/Documents Needed
• One of the directors or the manager is required to be present the preparation and filing of documents.
• Management Report consisting of Profit & Loss, Balance Sheet, General Ledger, Accounts Payable/Receivable Reports and Bank Reconciliation Report for Financial Period (if you did not use our book-keeping service);
• Audited/Un-audited Financial Statements for the Financial Period (if you did not use our Financial Statements preparation service);
• Provide Estimated Annual Sales Turnover of Company;