SERVICES

Tax advisory and compliance

Tax laws are continually changing and becoming progressively more complex. Also, tax authorities are becoming more and more aggressive and doing their utmost to make sure that businesses can have no excuses for lack of awareness of their tax affairs. Staying abreast of ever-changing tax legal and regulatory environments including accounting standards is thus a major challenge.

Paying tax is considered to be an important part of a business's economic impact and contribution to society as taxes fund social investment. However, reducing the business's tax burden by simply applying the letter of law is not enough in terms of corporate responsibility to the society in which the business operates. Accordingly, tax is not simply a legal concept but there are ethical values that can and should be considered when determining a business's tax strategy. Values such as integrity, fairness, respect and openness are all relevant when setting a tax strategy and taking commercial decisions. Tax is thus increasingly a high placed concern for business and their stakeholders and is driving demand for good internal controls and reporting processes including specialist advice.

Each business is different and therefore the applicable tax treatment may also differ and hence investment in understanding the business is very important. We are committed to understanding our clients' businesses and to providing our clients with a high level of service at very competitive fees because we know that effective tax advice gives our clients a competitive advantage.

We have experience in a diverse range of taxation issues that you can draw on.

Corporate Tax

Advisory

• Local and international structuring and planning
• Cross-border tax planning
• Incentives and tax holidays
• Due diligence, mergers and acquisitions
• Inbound and outbound
• Setting up of offshore companies

Compliance

• Preparation of tax computation and return
• Attending to IRAS' queries, advising on notices of assessment, lodging of objections and agreeing on assessments.

Personnel Tax

Advisory

• Tax efficient structuring of employment packages
• Application for various schemes including Not Ordinarily Resident and Area Representative

Compliance

• Preparation of tax computations and returns for partnerships, sole-proprietorships and individuals
• Attending to IRAS' queries, advising on notices of assessment, lodging of objections and agreeing on assessments

Goods and Services Tax

Advisory

• Health check
• Due diligence
• Major exporter scheme renewals
• Planning

Compliance

• Return preparation and review
• Attending to IRAS' queries