“IRAS has been active in undertaking audit to identify companies that may have high risk for non-compliance.
Taxpayer should be aware that there are potentially severe consequences in non-compliance with these reporting requirements. Delinquent taxpayers may be subject to a fine and/or imprisonment (in certain circumstances) or to both.”
Singapore Tax Planning – Singapore Corporate Tax – Tax Consultant Singapore
Here listed are some of the questions that Taxpayers are facing:
- What are the common pitfalls of preparing income tax returns and income tax computations by taxpayers?
- What can taxpayers do to increase their level of tax compliance and minimize the amount of potential queries raised by IRAS?
- How should taxpayers prepare beforehand if they anticipate that IRAS would likely raise potential queries?
- What should taxpayers do if they indeed receive queries from IRAS?
Corporate Tax Compliance in Singapore has become more complex under the regulatory scrutiny of the Inland Revenue Authority of Singapore. Paul Hype Page ensures both your company and your compliance meets to the standard required in submitting for Corporate Tax in Singapore.
Click here to find out more about Singapore Corporate Tax