The process and saving method through which individuals and businesses pay taxes due to the government tax agency is broadly termed as tax planning. This process includes managing tax liabilities, understanding which type of expenses are tax deductible under the current tax regulations set by the Inland Revenue Authority of Singapore (IRAS), and timely tax returns and payments.
Applying the current tax laws to the revenue received during a given tax period is one of the main focus of tax planning. For businesses, this revenue can be generated from sales to customers, investment income, bank accounts bearing interests, and any other source of income that is currently considered taxable by the IRAS.
Our accounting associate provides the services you need to ensure proper tax planning and timely tax settlement.
For more information on tax related queries, please contact our associates at
+65 63910024.