Tax Services

Tax Services

Business enterprises are becoming more aware of the significant impact tax has on their transactions. There is more focus now on tax ramifications which could dilute their financials. Apart from direct incidence of tax, there are also tax regulations to comply with, and with increased information sharing among tax authorities, this may give rise to hefty penalties even for unintended non-compliance with tax regulations. The final tax bill organisations may face is potentially magnified. Tax management is thus becoming an important function, even more so as businesses expand across international borders where foreign tax laws are involved. We are committed to helping our clients meet their tax compliance obligations as well as acting as their tax advisors for major projects or transactions.

We have experience working with an expansive and diverse client-base comprising listed companies, multinationals, local companies, owner-managed businesses as well as individuals.

What We Do?

We provide assistance in the following areas:

Corporate Tax

  • Prepare, review and file Singapore corporate tax returns.
  • Identify and pursue opportunities for Singapore tax incentives, reliefs or grants to maximise economic returns.
  • Review contractual agreements to minimise any unfavorable contractual terms in order to
    enhance tax risk management.
  • Deal with complex tax issues relating to transfer pricing, corporate restructuring, mergers and acquisitions, joint ventures, pre-IPO and due diligence reviews.
  • Consider permanent establishment and other related tax issues in cross-border transactions
  • Handle Singapore and cross-border withholding tax issues.
  • Advise on local and cross-border structuring to ensure tax efficiency taking into account tax
    losses, group relief, capital gains rules, etc.
  • Explore the applicability of relevant tax treaties in local and cross-border tax planning.
  • Provide guidance on regional tax issues for companies venturing overseas.

Partnership and Individual Tax

  • Prepare, review and file Singapore individual and partnership tax returns.
  • Provide arrival/departure counseling for inbound/outbound employees.
  • Develop tax-efficient employment remuneration packages.
  • Structure tax equalisation and tax protection schemes for employees.
  • Advise on stock options and share incentive schemes.
  • Assist in matters relating to CPF, trusts and other tax issues relevant to the Singapore wealth management industry.

Goods and Services Tax (GST)

  • Apply for GST registration/de-registration.
  • Prepare, review and file GST quarterly returns.
  • Evaluate and assist in applying for certain GST relief schemes.
  • Conduct GST health checks, Assisted Compliance Assurance Programme (ACAP) audits and Assisted Self-Help Kit (ASK) reviews.

Others

  • Attend to queries raised by the Inland Revenue Authority of Singapore in any of the above taxes.
  • Handle objections, requests for advance rulings, voluntary disclosures of errors, tax audits and investigations in any of the above taxes.
  • Conduct in-house customised workshops in any of the above taxes.

For transactions with international and cross border elements, we will work closely with our counterparts in Nexia in their respective jurisdictions to achieve our clients' objectives.

Our Services

Key Contacts

Mr Edwin Leow
Tax Director

Introducing

Nexia Asia Pacific Tax Practice

Nexia Global Insight


July 2017

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April 2017

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January 2017

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