How to Calculate Income Tax as a Sole Proprietor in Singapore: A Comprehensive Guide As a sole proprietor in Singapore, understanding your tax obligations is crucial to managing your business effectively. The Singapore tax system is designed to be straightforward, but the process of calculating income tax can be tricky if you’re unfamiliar with it. … Read more
How to Calculate Income Tax as a Sole Proprietor in Singapore: A Comprehensive Guide As a sole proprietor in Singapore, understanding your tax obligations is crucial to managing your business effectively. The Singapore tax system is designed to be straightforward, but the process of calculating income tax can be tricky if you’re unfamiliar with it. … Read more
Professional Tax Consultant Services in Singapore When it comes to managing taxes, having a reliable and experienced tax consultant can make all the difference. At WLP, we offer expert tax consulting services in Singapore to help businesses and individuals navigate the complex landscape of taxation, ensuring compliance and maximizing tax efficiency. Why Choose WLP for … Read more
S Pass vs Work Permit in Singapore: A Comprehensive Guide to Choosing the Right Work Pass In Singapore, hiring foreign workers is a common practice across various industries. Two of the most popular work passes used for foreign employees are the S Pass and the Work Permit. While both work passes enable foreign employees to … Read more
Strategic Tax Planning Made Simple | WLP Planning your taxes isn’t just about filing on time—it’s about making smarter financial decisions all year round. Whether you’re an individual with multiple income streams or a business owner navigating complex tax regulations, WLP offers expert tax planning solutions tailored to your unique situation. Why Tax Planning Matters … Read more
Are Dividends Taxable in Singapore? What You Need to Know — with WLP Dividend income is an important source of returns for many shareholders and business owners. If you’re in Singapore (or investing there), it’s vital to understand how dividends are taxed—or not—so you can plan your finances properly. WLP Accounting helps many clients navigate … Read more
What Commission-Paying Organisations Should Do If They Receive a Notice from IRAS If your organisation makes payments to commission agents who are not employees (such as real estate agents, insurance agents, financial advisors, multi-level marketing agents, or remisiers), you may have received a notice from IRAS. Starting from the Year of Assessment (YA) 2024, all … Read more
Mastering Global Mobility Tax Compliance: Insights from WLP In today’s increasingly globalized world, businesses are expanding their reach across borders, and employees are frequently moving between countries. With such mobility comes a complex web of tax regulations that organizations and individuals must navigate. That’s where Global Mobility Tax Solutions come into play. If your … Read more
Corporate Tax Filing in Singapore: A Detailed Overview for Businesses Filing corporate tax in Singapore can seem complex, but with the right understanding and guidance, businesses can navigate the process smoothly. Whether you’re a new startup or an established enterprise, ensuring compliance with the Income Tax Act is crucial for avoiding penalties and making the … Read more
How to Avoid Double Taxation in Singapore: A Complete Guide Double taxation is a situation where an individual or business is taxed on the same income or financial transactions in more than one jurisdiction. For expatriates, businesses, and individuals in Singapore, understanding how to avoid double taxation is crucial for optimizing tax liabilities. This comprehensive … Read more