Taxes Are Coming.
What Do You Do?

A. Scream

B. Cry ✘

C. Ask Upvue for help ✔

Dealing with your company and personal tax responsibilities can be tricky. Tax documentation is complex, terminology is difficult to grasp, and it’s easy to get confused.

There is nothing more dangerous for a business than failing to pay its taxes correctly.

One tap from Upvue’s magical wand and these problems disappear.

One more tap and your tax bill shrinks too.

How the Magic Works

Financial Statements

We prepare your financial statements using Xero, so you get accurate numbers and relevant notes.

Tax Planning

Take our professional advice on how to cut down your tax liabilities, so you can invest more in the future of your business.

Form Submission

We complete your Income Tax Form on a timely basis to ensure you pay the right amount at the right time.

Tax Returns

We do Individual, Company, Partnership and Good and Services tax returns for a small fee.

IRAS Correspondence

Let us deal with the IRAS and help you navigate more smoothly through the landscape.

How can we help you?

Contact us at Upvue or submit a business inquiry online.

The services that Upvue rendered are fast and accurate. Will recommend to my business partners for sure. Keep up the good work.

Kenny Lim
Director, Maxdine Pte Ltd

Income Tax Services

Are you looking for a specific type of tax services? Upvue gives you plenty to choose from.

Regardless of the size of your business, you’re covered.

We evaluate the unique situation of your company and come up with a meticulous plan to optimize your business with 100% accuracy.Throughout the year, an experienced Upvue tax consultant will be on hand to advise your team on how to keep your corporation tax payments to an absolute minimum. When the end of the year comes, we will also complete your corporation tax returns for you.What’s Included:

  • Submission of Form C or Form C-S and Annexes to IRAS.
  • Preparation of Corporate tax computation with supporting schedules.
  • Annual filing of Estimated Chargeable Income (“ECI”) to IRAS.
  • Attending to tax inquiries raised by the tax authorities and replying thereto (an extra charge is applied depending on the complexity of the queries).
  • Timely reminders of deadlines (by email and by phone).
  • Advice on applicable tax incentives.

 

Bonus tip: Singapore offers multiple tax benefits and exemptions. You can minimize your tax by up to 75% or cut them completely. CONTACT US TO LEARN MORE.

As your business income forms part of your personal income, the two are calculated together when it’s time to file your tax returns.

Your business income is reported separately and added to all your other personal income. The total is then subject to personal income taxes.

The chargeable income is your business/trade income plus any other personal income, minus all deductions, reliefs and rebates.

What’s Included:

  • Submission of Form B and Annexes to IRAS.
  • Preparation of Sole Proprietors’ tax computation with supporting schedules.
  • Attending to tax inquiries raised by the tax authorities and replying thereto (an extra charge is applied depending on the complexity of the queries).
  • Timely reminders of deadlines (by email and by phone).
  • Advice on applicable tax incentives.

You don’t get something? It’s alright. We’ll make sure you will. We are always there to help you understand everything about your accounting reports.

Same as income tax for sole proprietorship.

What’s Included:

  • Submission of Form B/B1 and Form P and Annexes to IRAS.
  • Preparation of Partnerships’ tax computation with supporting schedules.
  • Attending to tax inquiries raised by the tax authorities and replying thereto (an extra charge is applied depending on the complexity of the queries).
  • Timely reminders of deadlines (by email and by phone).
  • Advice on applicable tax incentives.

GST is an indirect tax charged on the supply of goods and services made in Singapore and on the importation of goods into Singapore. The current rate is 7%.

What’s Included:

  • Help with your company’s GST registration process.
  • Once your company is registered, Upvue can check and file the GST returns as required – usually on a quarterly/ bi-annually basis.

Plan and Pricing

For Individuals / Sole Proprietor / Partnership

$400 → $200
and up

Included:

  • Preparation of tax computation with supporting schedules
  • Filing of Form B or Form P

For New  or Small Companies

(Typically earning around S$200,000 p.a. and up)

S$600 → S$400
/year and up

Included:

  • Preparation & Filing of Estimated Chargeable Income (ECI)
  • Preparation of income tax schedules with supporting annexes
  • Filing of Form C or Form C-S

For Medium or Large Companies

(Typically earning around S$500,000 p.a. and up)

S$800 → S$600
/year and up

Included:

  • Preparation & Filing of Estimated Chargeable Income (ECI)
  • Preparation of income tax schedules with supporting annexes
  • Filing of Form C or Form C-S

Frequently Asked Questions:

  • For Companies – 17%
  • For GST – 7%
  • For Companies – 30 November
  • For Sole Proprietors – 15 April (by paper filing) / 18 April (by e-filing)
  • For Partnerships – 15 April (by paper filing) / 18 April (by e-filing)

Bad news, you will have committed an offence under the Income Tax Act.

In general, you can assume that all goods and services are taxable. However, some specific items are exempt. These include financial services and the sale or lease of residential property.

You have to pay GST when you buy goods or services from GST-registered businesses and when you import goods into Singapore.

Related Topic:

Tax Preparation Service

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