TAX ADVISORY & COMPLIANCE SERVICES - Bestar - PowerPoint PPT Presentation

Title: TAX ADVISORY & COMPLIANCE SERVICES - Bestar


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• TAX ADVISORY COMPLIANCE

• SINGAPORE TAX ADVISORY COMPLIANCE SOLUTION
  PROVIDER

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• Welcome!!

Bestars Tax Advisory And Compliance is a
comprehensive financial planning service
catering to the needs of organizations in
Singapore as per the regulatory mechanisms of
Singapore Tax planning and compliance. We take
into consideration your organizations financial
structure from a long-term perspective and
integrate our expertise into it so that you can
get financial planning optimization. Our clients
are all hard-working business owners who only
want to ensure meeting their business goals every
single day!

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SERVICES
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• SINGAPORE COMPLIANCE IN
• CORPORATE TAX

Singapore Corporate Tax Compliance Advisory
Services for the best in the industry!
Why are Singapore Corporate Tax Compliance
Services essential?
Bestar is a pioneering name in the Singapore
Corporate Tax Advisory realm. We are tax
compliance specialists who provide corporate tax
filing services and corporate tax advisory
services to organizations of all sizes as well
as to individuals. Tax compliance in Singapore
becomes easy with our methodologies and planning
mechanisms that are ultimately aimed at your
organizations growth. Singapore Tax compliance
specialist team at Bestar has robust mechanisms,
technical know-how and are well-versed in
everything related to compliance in Singapore.

• Essentials for Corporate Tax Filing
• An annual tax return, which is composed of all
  corporate
• documents and statutory filings and returns which
  is
• supposed to be submitted to IRAS by the 30th of
• November.
• Annual Return containing important information of
  your organization, including the registration
  details and financial statements. The return is
  supposed to be submitted with
• the ACRA.
• Financial Accounts, including the statement of
  changes in equity, balance sheet and cash flow
  statement, key notes, and the income-expenditure
  statements are to be submitted as
• per the regulatory standards of the Accounting
  Standards Council of Singapore.
• Filing of estimated chargeable income (ECI) is
  necessary to allow  better tax deductions
• Minutes of the Annual General Meeting of your
  organization

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• PERSONAL INCOME TAX
• COMPLIANCE IN SINGAPORE

Significance of Compliance in Personal income
tax in Singapore
How can we help you with Income Tax Compliance
in Singapore?
In Singapore, personal income tax for
individuals is based on an annual basis for
every calendar year. This means, that from
January 1st to December 31st, your personal
income will be assessed on the basis of preceding
years. Annual personal tax filing and returns are
supposed to be submitted with the IRAS by April
15th of the consecutive year. Not being able to
comply with the regulations of IRAS would result
in penalties and fines for individuals. If
situations worsen, summons might be included as
well.

• We assist our individual clients with specific
  tax filing packages that allow you to compute
  your taxable
• amounts with us, including deductions.
• We also provide all tax advisory and support as
  per
• specific schedules in our package
• We comply with the IRAS regulations to properly
  file
• your tax returns and reports.
• We help you garner the best tax exemptions and
• deductions to optimize your personal savings and
  your
• future growth.

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• COMPLIANCE IN SINGAPORE GST

Singapore GST Compliance
Benefits of filing and registering with GST in
Singapore
Goods and Services Tax in Singapore is a wide tax
regime that is levied on goods that are imported
and supplied and all the services that are
offered in Singapore. GST returns are supposed
to be submitted periodically (monthly in
Singapore) by all organizations with their
personal GST Registration number. The return
shall be detailed, containing all taxable
supplies and the inputs. Payment of any GST
liability shall be paid by the organizations by
the deadline of the next return. If any
organization comes across a case of the tax
credit, wherein their submitted GST amount is
exceeded by the amount of GST charged on their
sales, the same amount shall be credited to the
organization within three weeks of the deadline.

• A GST Registration provides you with some major
  benefits
• Owning a GST registered business organization
  can help you claim your GST amount you have
  already incurred on your organizational growth
  and business expenditures.
• Paying excessive GST taxable amounts can help
  you claim the difference incurred from the IRAS
  as a refund.
• We are Singapore GST Compliance specialists who
  offer you our undivided attention and support at
  every step!
• Contact us and allow us the opportunity to serve
  you.

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• SINGAPORE GST
• REGISTRATION

GST or Goods and Services Tax Registration
Services in Singapore
Basic requirements before you register for GST
in Singapore
GST or Goods and Services Tax is a type of tax
regime which is levied on the import and supply
of goods in the perimeters of Singapore,
including the services rendered in the region.
Every organization in Singapore, whose annual
turnover (taxable) goes over S1 million shall
register for GST and submit returns
periodically. The Current rate of GST is set at
the rate of 7 in Singapore all on the
purchase and supply of goods that add value and
the services that are offered in the region. GST
is in a lot of ways similar to the concept of
Value Added Tax in different countries.  Company
GST registration in Singapore is easy. All you
have to do is partner with Bestar.GST as a tax
regime is a self-assessed one. Organizations and
companies are regularly advised to assess their
taxable amount and file the returns periodically
under the GST regulations. Every organization is
supposed to register to GST on its own!

• Your business should already be registered
  with ACRA
• Your business should have a separate business
  bank
• account
• Your business activities should be defined
  clearly in
• terms of revenues for the coming 12 months
• All your documents must be prepared and
  furnished
• before you make your first sale
• If you still cannot catch a breath over the GST
  regulations and documentation required, Bestar
  one of a kind of 
• GST registration Service provider in Singapore is
  
• always going to be there. As one of the leading
  names
• among different GST registration firms in
  Singapore can
• assist you right from the beginning from
  registering to
• final return filing. We have managed to bring
  pleasure to
• all our clients. Allow us to assist you while you
  venture on
• to be successful for years to come.

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• Thank you

• Bestar Services Pte. Ltd

• 65 62994730

• admin_at_bestar.com.sg

• www.bestarservices.com.sg