Tax Planning and Compilation

Corporate tax is levied by governments on profits of entities. Corporate tax is a critical component of state revenue that funds the provision of services, security and infrastructure. Increasingly, countries in the region compete to make their tax structure attractive by offering competitive general corporate tax rates and tax incentives such as tax holidays, tax exemptions, tax rebates, and grants amongst others. Singapore, as a business-friendly nation, offers the lowest tax rates among ASEAN countries. There are many other related incentives. Navigating through these different regulations and rules as well as incentives and grants requires a constantly updated and deep knowledge so as to legitimately ensure enjoyment of the appropriate benefits whilst also being compliant.

 

Navon Consulting offers Tax planning for your company whereby we offer advise and manage the following:

 

Goods and Services Tax (GST)

This includes getting GST registered and the administration of quarterly GST submissions to IRAS.

 

Corporate Tax

We assist with tax planning and administration of tax returns. This includes ECI submissions, tax computation and submission of the Chargeable Income for Corporate tax, whilst taking into consideration all incentives and allowable expense deductions, tax exemptions and tax rebates.

 

We also undertake regional tax planning and management if your business has operations in a region outside of Singapore.

 

Individual Tax

We provide support, on behalf of the company, to its employees to make the requisite annual Income tax returns submissions, including that of expatriate staff Income tax and withholding tax administration.