Estimated Chargeable Income — universally abbreviated to ECI — is one of the most misunderstood tax obligations for Singapore companies. Many directors know they need to file a tax return by 30 November each year, but are unaware that a separate, earlier filing is required: the ECI, due within three months of the financial year-end. [...]
If your Singapore company has transactions with related parties — parent companies, subsidiaries, associated entities, or even directors who are also shareholders — you are operating in transfer pricing territory. Transfer pricing is not just a concern for multinationals. Any Singapore company that charges, receives, or shares costs with a related party must ensure those [...]
Every month, thousands of Singapore businesses pay overseas technology companies — Google, Meta (Facebook), Zoom, LinkedIn, Dropbox, Adobe, and countless others — for digital services. Most of these businesses never stop to consider whether GST applies to these payments. In many cases, it does. Under Singapore's reverse charge mechanism, introduced from 1 January 2020 and [...]
Personal tax filing for SME owner-directors — Timeline and processing benchmarks. For Singapore SMEs managing tax and accounting compliance. Practical 2...
XBRL filing — full vs simplified — Timeline and processing benchmarks. For Singapore SMEs managing tax and accounting compliance. Practical 2026 walkthr...
Allowable business expenses under the Income Tax Act — Timeline and processing benchmarks. For Singapore SMEs managing tax and accounting compliance. Pr...
An IRAS tax investigation is one of the most stressful events a Singapore business can face. Unlike a routine audit or query, a tax investigation signals that IRAS has reason to suspect wilful omission, fraud, or deliberate understatement of income. The consequences — financial penalties of up to four times the tax undercharged, prosecution, and [...]
Productivity and Innovation Credit (PIC) legacy treatment — Timeline and processing benchmarks. For Singapore SMEs managing tax and accounting complianc...
Corporate tax exemptions and partial-exemption scheme — Timeline and processing benchmarks. For Singapore SMEs managing tax and accounting compliance. P...
Reverse-charge and Overseas Vendor Registration (OVR) — Timeline and processing benchmarks. For Singapore SMEs managing tax and accounting compliance. P...