Tax Filing Requirements for Dormant Companies in Singapore Singapore’s vibrant business landscape hosts a wide variety of companies, including dormant companies — businesses that have temporarily ceased operations but are maintained in readiness for future activities. Though inactive for now, these companies hold untapped potential and remain poised for growth. However, understanding the tax filing … Read more
5 Essential Questions to Ask Your Accountant at Tax Time in Singapore Tax season in Singapore is more than just a compliance exercise—it’s a strategic moment to strengthen your business. Your annual meeting with your accountant is a valuable opportunity to get expert tax advice, address any uncertainties, and stay updated on new regulations that … Read more
Tax Planning in Singapore Tax planning involves strategically analyzing a company’s financial situation to reduce tax liabilities in a legal and efficient manner. In Singapore, this process is particularly effective due to the government’s broad range of tax incentives, grants, and subsidies designed to encourage growth and investment. At WLP, our experienced accountants can help … Read more
Understanding Singapore’s Tax Landscape in 2025 Singapore’s tax system is designed to be both competitive and transparent, making it an attractive destination for businesses. With a corporate tax rate of 17%, companies benefit from various exemptions and incentives that often reduce their effective tax burden. This system supports businesses of all sizes, from startups to … Read more
Whether you are a new business or a small business owner who is too busy to be clued up on what tax benefits you are actually entitled to. You are most definitely not alone and I believe that there is a space where you can find easy-to-understand, up to day and relevant information on what … Read more
Singapore is renowned for its business-friendly environment. This is particularly true for its tax system, which benefits incorporated companies. The city-state’s tax system aims to help entrepreneurs and businesses grow. It’s designed to support their development and success. Let’s explore the tax benefits that make Singapore a top choice for setting up companies. These advantages … Read more
Introduction Tax season can be a time of stress for many, but with the right strategies in place, it can also be an opportunity to maximize your returns. The key to a successful tax season is preparation and understanding the nuances of tax laws. Here, we’ll explore several accounting tips that can help you get … Read more
As a bustling economic hub with a favorable tax system, Singapore attracts entrepreneurs and businesses from around the world. However, navigating the country’s tax landscape can be daunting. To help you optimize your tax strategy in Singapore, we’ve compiled a list of tips and tricks. Understand Singapore’s Tax System Before you start optimizing your tax … Read more
Since it gained independence in 1965, the island city-state of Singapore has risen to a position of prominence in the international business community. Its stable political environment, well-developed infrastructure, strategic location and business-friendly policies are just a few factors that have contributed to its success. Singapore is now recognised globally as one of the most … Read more
Why Companies Are Required to File Their Annual Income Tax? All registered companies in Singapore must stay in compliance with Singapore law. Annually, a company has to file with two main agencies: ACRA: The Accounting and Corporate Regulatory Authority IRAS: The Inland Revenue Authority of Singapore Filing with IRAS -The Inland Revenue Authority of Singapore In Singapore, … Read more