Overview

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Tax

Advisory

Tax

Corporate Tax Service

Corporate income tax can represent a substantial outflow of funds from any business. A company not properly attuned to its tax environment may find it difficult to increase shareholder value, however agile, efficient and progressive it may be in other areas.

Increased corporate tax and regulatory reporting obligations can add to the drain on management time, while a more investigative approach by the tax authorities may result in harsher penalties for non-compliance. Put all these factors together, and the tax burden on businesses may be much larger than they realise.

At KPMG, we believe that the active management of corporate tax issues should be a core business discipline. We can help advise companies to address how they should manage the tax charge, as well as how the various tax risks should be better managed. We can also help benchmark their tax charges and compliance processes against those of similar businesses, and if needed, marshal skills to help close the 'gap'. Our services are designed to help companies get a grip on the complexities involved - often through the delivery of practical strategies.

Equipped with a deep knowledge of various industries, we work closely with our clients to help identify and deliver tax planning ideas and approaches that offer value to their businesses. This can then result in productive tax returns and computation preparation processes.

Some of the more common Singapore corporate income tax services we can provide include:

• Preparation and submission of income tax returns and computations
• Assistance in attending to queries from the Inland Revenue Authority of Singapore (IRAS); and applying for tax ruling, and resolving tax affairs with IRAS
• Provision of ad-hoc income tax consulting and advisory services
• Assistance in making applications to the relevant authority for tax and other related incentives
• Provision of in-depth tax diagnostic review services to help identify business weaknesses and unnecessary tax burdens
• Conducting of tax due diligence reviews

Additional Information:
• Corporate and Business Tax Services

For further information about our services or if you would like one of our professionals to contact you, please contact us.