Taxation services Singapore

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Filing Your Corporate Tax for Singapore in 2021 -
What You Need to Know The tax season is upon us.
You need to be aware that the deadline for filing
a corporate income tax return for your company
is 30 Nov 2021. You need to submit your Form C-S/
C for the YA 2021 by it. Well, will you file it
on your own or, like many other companies, choose
to hire a reliable provider of taxation services
Singapore? Yes, you can choose to file Singapore
company tax by yourself, provided you know what
you are doing. Since it is a time-consuming and
complex task, many directors outsource it to
expert tax consultants. Doing so frees them of
worry about the accuracy of the tax return
filed. Appoint Taxation Services Singapore The
taxation services Singapore know their business
and have the latest updates regarding the tax
laws. It means they are in a position to advise
you and optimize your taxes to a minimum tax
amount without compromising your compliance. The
tax consultants have updated knowledge about the
tax incentives, reliefs, rebates, and treaties.
They leverage it effectively to minimize your tax
burdens and obligations. You will think it is
the main reason why Singapore companies hire
taxation services Singapore. No! Most of them do
it to avoid harsh penalties for incorrect
filings. You can get both these benefits by
appointing an experienced Singapore corporate tax
firm. It will also save you time, money, and
headache. You may also ask these firms for advice
on saving money in the future. Singapore
Corporate Tax Filing in 2021
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You need to Use the e-Filing system to file
corporate income tax returns File simplified Form
C-S (Lite) if your company's annual revenue is
below 200,000 and it is entitled to file Form
C-S Singapore company income tax rate is still
pegged at 17 Claim 75 tax exemption on the
first 100,000 of chargeable income, if you are
filing a tax return for a new tax resident
Singapore company Claim 50 tax exemption on the
next 100,000 of chargeable income. Under the
Start- Up Tax Exemption Scheme, your company can
claim this benefit for the first 3YAs. Claim
partial tax exemption of 75 on the first
100,000 and 50 on the next, 100,000 of
chargeable income No Corporate Income Tax Rebate
is proposed for YA 2021 Can claim the Renovation
Refurbishment (RR) deduction in one YA for
qualifying RR expenditure in YA 2021
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Accelerate the write-off of plant and machinery
(PM) over two years on the assets' cost
incurred in YA 2021 Choose between the carry-back
or enhanced carry-back relief system for YA
2021 If you want to file company tax Singapore
for your company on your own, you can do so by
visiting IRAS' website mytax.iras.gov.sg. The
experts advise companies to hire a reliable
provider of taxation services Singapore. It is
the best option of eliminating the stress and
anxiety associated with the task. Most
importantly, doing so allows managerial staff to
stay focused on achieving the company's core
goals and objectives. If you are new to the
Singapore marketplace, explore your options and
choose to appoint an experienced firm for
taxation services Singapore or do the filing
yourself. Ask your business associates, friends,
or mentor to refer such a firm for hassle-free
corporate tax filing.