One stop Singapore tax, and accounting services

Ensure compliance and peace of mind with our expert Singapore Tax, Accounting, and Bookkeeping services.

One stop, professional services at reasonable fees.
ACCA qualified, IFRS standards.
+10 years of experiences, transfer pricing experiences for multinational companies.

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Dịch vụ kế toán - thuế cho công ty Singapore

Annual requirementAGM - AR servicesXBRL servicesTax consulting servicesServices processTransfer services

The required tax reports that need to be submitted for a Singapore company

All Singaporean companies are required to annually submit business activity reports and tax declarations to the Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore

within 3 months from the end of the financial year

within 6 months from the end of your financial year

within 1 month after the AGM

30th November of the following financial year

1

Estimated Chargeable Income (ECI)

This is an estimate of the Company's taxable income for a specific year of assessment (YA).

Companies must file an ECI for that YA within 3 months of the end of the financial year.

Even if the company has zero estimated taxable income, the company must also file a NIL' ECI.

2

Annual General Meeting (AGM)

The first AGM must be held within 18 months from the incorporation date.

The following AGM will be held every year, and the interval between the two AGMs should not exceed 15 months.

3

Annual Return (AR)

The Annual Return will be submitted within 1 month after the AGM.

4

Income Tax return (Form C-S lite, Form C-S, Form C)

This is the most important report for all Singapore companies.

The deadline for Income tax return submission is November 30th every year.

Accounting help in just a click

Financial reports preparation service in accordance with Singapore Financial Reports Standards (SFRS)

Dịch vụ chuẩn bị báo cáo tài chính công ty Singapore chuyên nghiệp

Financial report preparation package for Singapore companies includes:

1. Consultation

Advisory services on Singapore Accounting Standards and tax regulations in Singapore.

Other consultations related to salary and healthcare insurance (if applicable).

2. Preparation

Collection and management of business accounting documents.

Utilization of QuickBooks software for document management in the Singapore company.

Generation of financial reports in accordance with Singapore Accounting Standards.

Customized report generation upon the company's request.

Preparation of Financial Reports following the Singapore Financial Reporting Standards.

3. Tax support

Continuous assistance throughout the financial reporting process for the Singapore company.

Preparation and submission of tax returns to the Inland Revenue Authority of Singapore (IRAS), with support until completion.

The 20-page Financial reports set includes

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Giang Nguyen [...] I recommend Global Link Asia Consulting to all my entrepreneur friends since I am impressed with the service of Global Link Asia Consulting. The accounting team is very professional. Especially the accountant Kaylin, who helps monitor and remind me of each reporting period very well and enthusiastically.

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Tax and Accounting services on a monthly or yearly basis

Check out the comparison table for monthly and yearly accounting and tax services

MONTHLY TAX - ACCOUNTING

Best suited for:

Retail and e-commerce businesses.

High transaction volume, over 100/year.

Companies without an accounting team or unfamiliar with International Financial Report Standards.

Companies looking to optimize accounting processes with software.

Companies registered for GST, handling payroll, and CPF for Singapore personnel.

Key deliverables:

Consultation on Singapore Accounting Standards and tax regulations.

Unlimited consultation frequency and time.

Monthly collection and management of business tax documents.

Setting up data and bookeeping in QuickBooks Online.

Monthly financial reports according to Singapore Financial Report Standards.

Preparation of customized managements report upon business request.

Support in preparing and filing corporate income tax returns with the Inland Revenue Authority of Singapore (IRAS).

Other consultations related to salary and healthcare insurance (if applicable).

YEARLY TAX - ACCOUNTING:

Best suited for:

B2B and service-oriented businesses.

Smaller transaction volumes.

Companies with a dedicated accounting and tax team for regular monitoring.

Key deliverables:

Consultation on Singapore Accounting Standards and tax regulations.

One-time consultation at the end of each financial year or after financial reporting. Deep-dive consultations may be charged fees.

Collection and management of business tax documents after the end of the financial year.

Setting up data and bookeeping in QuickBooks Desktop.

Preparation of annual financial reports according to Singapore Financial Report Standards.

Preparation of customized managements report upon business request.

Support in preparing and filing corporate income tax returns with the Inland Revenue Authority of Singapore (IRAS).

Contact us for in-depth advice

Preparation of the Annual General Meeting (AGM) and Annual Report (AR)

AGM and AR are mandatory for all Singapore companies. Every Singapore incorporated company must prepare and submit AGM and AR annually to ACRA.

Annual General Meeting (AGM)

AGM stands for Annual General Meeting, which is a mandatory annual meeting where minutes are documented.

The first AGM must be held within 18 months from the incorporation date.

The following AGM will be held every year, and the interval between the two AGMs should not exceed 15 months.

Annual Return (AR)

Annual Return is separate from financial statements. It includes key information of the company such as directors, secretaries, shareholders, share capital, registered address.

The Annual Return will be submitted within 1 month after the AGM.

The failure to submit or late submission of AGM and AR can result in penalties ranging from 300 SGD to 600 SGD (depending on the duration of the late submission).

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Extensible Business Reporting Language

Extensible Business Reporting Language (XBRL) is a widely adopted electronic communication language used in banking, financial, and business systems. It plays a crucial role in enabling the accurate and reliable transmission of financial information online and between businesses.

The Accounting and Corporate Regulatory Authority of Singapore (ACRA) utilizes XBRL to streamline financial reporting for companies in Singapore. By leveraging XBRL, businesses can enhance the efficiency and accuracy of their financial reporting processes, ensuring compliance with regulatory requirements.

How does XBRL work?

Corporate Income Tax Advisory and Filling Services

Annually, all Singapore companies are required to submit related Corporate Income Tax returns to the Inland Revenue Authority of Singapore (IRAS) as follows:

Global Link Asia Consulting supports:

Preparation of financial reports in accordance with Singapore Financial Reporting Standards (SFRS).

Tax computation preparation.

Optimization advice on tax models for efficiency.

Corpass registration for Singapore companies.

Assistance in preparing and filing tax returns for Singapore companies such as ECI, Form C-S Lite, Form C-S, and Form C.

Support in communication and collaboration with the Inland Revenue Authority of Singapore throughout the process until successful submission.

Fast - Professional - Dedicated Support - Bilingual in English and Vietnamese

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Other Tax Consultation and Filing services

Global Link Asia Consulting also provides assistance in advising and preparing returns for various taxes such as Goods and Services Tax (GST), subcontractor tax, and double taxation avoidance agreements.

Withholding tax

Consultation on withholding tax based on specific payment scenarios and contracts.

Important

GST (Goods and Services Tax)

Advice on whether to register for GST or not.

Support for GST registration, exemption, or cancellation.

Assistance in tracking, reminding, and preparing GST returns quarterly.

Double Taxation Avoidance Agreement:

Consultation on double taxation avoidance agreements and registration of the Certificate of Residence for Singapore companies.

Audit services

Audit services for Singapore companies are tailored based on:

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Simplify your tax obligations with our Bookeeping, Accounting and Tax services’s procedure

Step 1: Consultation

We will consult, acquire your expectations and references, and offer customized service packages that align perfectly with your specific needs. After that, we send you a detailed email including tax & accounting process, required documents, service fee. Should there be any queries, feel free to contact us via phone number or meet us directly at the office.

Step 2: Payment verification

If you choose to use our exceptional Singapore Tax, Accounting & Bookkeeping Service, you just need to make the settlement. A payment guide will be sent via email.

Step 3: Set up and Bookkeeping

The tax accounting team will begin the initial accounting review, to ensure that we have all the necessary information.
We will provide you with an effective workflow for exchanging and sharing information.

Step 4: Review & Approval

Our dedicated team will close books, prepare comprehensive financial statements and others. Once the accounts are finalized, we will diligently deliver them to you for thorough review and approval.

Step 5: Tax & Accouting filiing

When the tax accounting period is due, we will compute and file appropriate tax returns to IRAS, notify you of any necessary tax payments, assit in Singapore tax compliance requirements and other compliances (if any).

Experience the difference our service can make by transfering to us

Quick and seamless transition

The process of transitioning from another service provider to Global Link Asia Consulting will be done quickly and efficiently.

Thorough data verification and processing

We take the initiative to support businesses in addressing outstanding tax and accounting records and procedures that were not submitted.
We help integrate your data in QuickBooks online accounting software securely and safely.

Ensured Adherence to Tax and Accounting Standards

We conduct a thorough examination of the records to make sure that all information is processed while adhering to the standards set by the respective Singapore financial reporting stanrdards and tax regulations regulated by IRAS.

Who can benefit from our services?

Start-up company

Small and medium-sized enterprises

Large corporations and multinational companies

Is it time for your business to optimize its tax model?

Global Link Asia Consulting is ready to help

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Why should you consider Global Link Asia Consulting's Offshore tax accounting and financial reporting services?

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Professional accountants equipped with deep experience and local knowledge

We assign a dedicated accountant to manage and work directly with you. The accountants can confidently guide you through setting up the right accounting structure and maintenance for your business.

You can rest assured to know that our accountants always offer up ongoing advice, answer your questions and make sure your company is compliant.

Industry-standard accounting software QuickBooks Online

We utilize the widely recognized and industry-standard accounting software, QuickBooks Online, as part of our service offering.

QuickBooks Online can do everything from bookkeeping, inventory counting to financial reporting for small and medium-sized businesses, multi-branch businesses, etc., completely online, anytime, anywhere.

Seamless technical integration with an advanced accounting system

By utilizing Global Link Asia Consulting's services for Singapore corporate tax, accounting, and financial reporting, businesses will experience a streamlined and modernized approach to handling their business information and financial statements.

Our online platform ensures that tax accounting reports and financial statements for Singapore companies are generated automatically, securely, and with utmost convenience.

Global Link Asia Consulting hopes we will shorten the processing process and waiting time of businesses to help businesses track and update accounting tax reports and financial statements of Singapore companies quickly, easy, convenient and extremely effective, professional.

We strive to expedite the processing time and reduce waiting periods, enabling businesses to efficiently track and update their accounting tax reports and financial statements.

Similar to all other services of Global Link Asia Consulting such as Company registration (Singapore, USA, Hong Kong, Thailand, etc.), digital/physical bank account opening, we adhere to a stringent framework and leverage cutting-edge automation tools to bring you the best experience

Professional services with dedicated support

We are committed to providing exceptional professional services along with dedicated support. Our customer service team is available 24/7 to assist you with any inquiries, follow up on relevant deadlines, and provide dedicated support when dealing with the Hong Kong tax department. If you require further assistance or encounter any potential penalties, we are here to help.

Whatever your needs may be, our comprehensive service is designed to assist you. No matter the nature of your queries, we are equipped to provide you with the necessary answers and support.

WHAT DO OUR CLIENTS SAY?

Linh Phan [...] The team is highly professional. They closely monitor and help me when I need. My dedicated accountant is enthusiastic, proactive and highly professional.

Thai Duong [...] Global Link Asia Consulting team always reminds me on time of the deadlines and quickly consult my company on complex tax issues. A big thank to the team.

FAQs when using Global Link Asia Consulting's Singaporean tax and accounting services?

1. What tax-accounting services does Global Link Asia Consulting offer for Singapore companies?

Global Link Asia Consulting provides tax and accounting services for Singapore companies including the following services:

Monthly or Annual tax accounting services
AGM and AR preparation and submission services
XBLR (Extensible Business Reporting Language) preparation and submission service
Transfer package for Singapore tax accounting
Audit services
Tax advisory and filling services (GST, Witholding tax, Corporation income tax, Personal Income Tax)

2. How can we help if you decide to use our Singapore outsourced tax accounting service or switch from another accounting firm to Global Link Asia Consulting?

For Singapore companies that are not established by Global Link Asia Consulting, Global Link Asia Consulting still assists in the preparation of financial statements and tax returns.

Global Link Asia Consulting can help you switch your company to us and experience the difference our team, platform, and Singapore tax accounting service can make.

During the onboarding process, our team will conduct an initial accounting review using QuickBooks, a trusted accounting software widely used in the industry. This review aims to identify any potential issues and provide you with the most effective corrective measures.

Next, we will transfer your data in a fast, seamless way to our QuickBooks data platform and our accountant will welcome you onboard. Global Link Asia Consulting ensures that the accounting procedures and financial statements of a Singapore company are diligently executed in adherence to Singaporean accounting standards.

3. What is Singapore's accounting tax standard?

In Singapore, the accounting standards are known as Singapore Financial Reporting Standards (SFRS) and are based on IFRS. All companies with financial periods beginning on or after 1 January 2003 are required to comply with the SFRS.

The overall set of accounting tax standards in Singapore consists of about 41 different standards with each standard named FRS X, for example, FRS 1. Each standard deals with a specific topic such as report presentation. finance, revenue recognition, inventory accounting, etc.

4. What accounting software does Global Link Asia Consulting use for our tax and accounting services?

Global Link Asia Consulting is currently using QuickBooks accounting software for tax accounting and annual financial reporting services. This accounting sofware is the industry standard and can do everything from bookkeeping, inventory, to financial reporting for small and medium-sized businesses, multi-branch businesses, etc., completely online, anytime, anywhere.

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Global Link Asia Consulting is ready to help

I aim to employ international financial report preparation, advisory, and tax filing services to instill professionalism and achieve breakthroughs in my business today.

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News and Articles

Is your business eager to gain profound insights into the Singaporean market? Look no further! Global Link Asia Consulting is here to support you. Stay informed with the latest updates and essential information in our articles.