The Singapore Taxation System

Income earned by an individual or business in Singapore is under the purview of :
  • Corporate Income Tax
  • Individual Income Tax
  • Goods and Services Tax
In recent times, there has been a reshuffling in the manner in which governments balance their collection of income from the masses. In the past the government realised then that they had to attract the bigger institutions to venture into and stay in Singapore. Once these big names have been put in place, attention was turned towards local businesses. Those which were able to expand and export their brand and expertise overseas were given due recognition. Incentives were created to allow them to compete and thrive. Exemptions were accorded to those that were able to establish themselves as qualifying for certain criterias.

Today, the current economical climate suggests that attention is now being paid to smaller players for the stability of the nation's growth. It is with the understanding of the direction of the government that we are able to steer our clients to move in tandem with the vision of the government.

Meanwhile, the taxation system has grown to be more complex as taxpayers ventured overseas. There is now a need for global awareness for taxation matters. Transactions are no longer straight-forward. Accounting standards have evolved to take into account risks and rewards. Precedents set by case laws can no longer be taken at just face value.

At times like these, compliance costs are more likely to rise amidst the background of uncertain economy. So, choose your tax consultants wisely. Get value added services.

At Jordans Business Pte. Ltd., our team of advisors can provide extensive consulting services for clients based in Singapore and overseas. Tap on our experience and expertise. If you are one of the following, you will need us:
  • Manufacturing companies
  • Trading companies
  • Private investors
  • Company director
  • Property developers
  • Expatriate
  • Partnerships (LPs, LLPs, joint-ventures, individual partnerships)
  • Investment holding companies
  • Investment dealing companies
  • Service orientated and consultancy companies
  • Shipping industry
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Tax Services
Corporate Income Tax
Individual Income Tax
Goods and Services Tax
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