Tax

Corporate Tax for Singapore companies pay a flat 17% corporate tax on chargeable income, with partial exemptions for new businesses. The tax system is simple and territorial—foreign-sourced income is generally exempt unless brought into Singapore. Annual filing is required with the Inland Revenue Authority of Singapore (IRAS).

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Our corporate tax services include:
Corporate income tax computation.
Preparation and filing of Form C / Form C-S / Form C-S (Lite).
Estimated Chargeable Income (ECI) preparation and submission.
Tax schedules and supporting documentation.
Basic tax compliance support and clarifications.

Our services are provided with a strong focus on accuracy, compliance, and clear documentation.

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Regulatory & Responsibility Disclaimer:

Corporate tax services are provided based on information supplied by the client. Clients remain responsible for the accuracy and completeness of all information provided and for final tax positions taken.

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We do not provide tax planning or tax advisory services unless expressly agreed in writing.

Tax Treatment for An LLP is tax-transparent, meaning profits are taxed at the partner level rather than at the LLP level.
 

How tax works:
The LLP itself is not taxed.
Profits are taxed at the partner level.
Individual partners pay tax at personal income tax rates.
Corporate partners are taxed at corporate tax rates.
Each partner reports their share of profits in their own tax return.

 

Key point:
Tax liability follows the partner, not the LLP entity.

A sole proprietorship is not a separate tax entity. The business and the owner are treated as one.

 

How tax works:
Business profits are taxed as the owner’s personal income.
Profits are reported in the owner’s personal income tax return.
Tax is charged at progressive personal income tax rates.
Losses may generally be offset against the owner’s other personal income (subject to conditions).

 

Key point:
The owner is personally liable for all taxes, debts, and obligations of the business.