Withholding tax (WHT) is one of the most commonly overlooked compliance obligations for Singapore companies that make payments to non-resident individuals or entities. When a Singapore company pays certain types of income — such as interest, royalties, service fees, or rental for movable property — to a non-resident recipient, the company is required to withhold [...]
Transfer pricing is one of the most scrutinised areas of international tax compliance in Singapore. As Singapore-based companies transact with related parties — whether parent companies, subsidiaries, or associated entities — across borders, the prices and terms of those transactions must reflect what independent parties would agree to. This is the arm's length principle, and [...]
If your company is registered for Goods and Services Tax (GST) in Singapore, filing your GST return accurately and on time is a non-negotiable compliance obligation. The GST F5 return — submitted quarterly for most businesses — is how you report your output tax (GST collected on sales) and input tax (GST paid on purchases) [...]
If your business is registered for Goods and Services Tax (GST) in Singapore, filing your GST return on time and accurately is one of your most important compliance obligations. Yet it is also one of the most commonly mishandled — with errors in input tax claims, missed deadlines, and incorrect treatment of supply types being [...]
If your Singapore company is registered for Goods and Services Tax (GST), filing your GST return accurately and on time is one of the most important compliance obligations you face. Yet it is also one of the areas where mistakes are most common — and most costly. The Inland Revenue Authority of Singapore (IRAS) audits [...]
Shareholder loans — where a shareholder or director lends money to their own company, or where the company makes a loan to a director — are a common feature of Singapore SMEs, especially in the early stages when access to bank financing is limited. However, these arrangements carry important legal and tax implications that many [...]
If you are a director of a Singapore company — whether as founder, executive, or non-executive board member — how you receive remuneration has real consequences for your personal tax position, CPF obligations, and the company's deductible expenses. The distinction between director's fees and a director's salary is both a legal and a tax matter, [...]
Not every Singapore company is required to have its financial statements audited each year. For thousands of small businesses, the small company audit exemption under the Companies Act 1967 removes the mandatory audit requirement — saving directors significant time and cost without compromising their core compliance obligations. But qualifying is not automatic, and changes may [...]
If you are a director of a Singapore company — whether as the founder, an executive, or a non-executive board member — how you receive remuneration from the company has real consequences for your personal tax position, your CPF obligations, and the company's deductibility of that expense. The distinction between director's fees and a director's [...]
Not every Singapore company is required to have its financial statements audited each year. For thousands of small businesses, the small company audit exemption under the Companies Act 1967 removes the mandatory audit requirement — saving directors significant time and cost without compromising their core compliance obligations. But qualifying is not automatic, and changes may [...]