Ensure compliance and peace of mind with our expert Singapore Tax, Accounting, and Bookkeeping services.
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
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Advisory services on Singapore Accounting Standards and tax regulations in Singapore.
Other consultations related to salary and healthcare insurance (if applicable).
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.
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.
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Check out the comparison table for monthly and yearly accounting and tax services
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::
1. Consultation on Singapore Accounting Standards and tax regulations.
2. Unlimited consultation frequency and time.
3. Monthly collection and management of business tax documents.
4. Setting up data and bookeeping in QuickBooks Online.
5. Monthly financial reports according to Singapore Financial Report Standards.
6. Preparation of customized managements report upon business request.
7 Hỗ trợ chuẩn bị và nộp tờ khai thuế thu nhập doanh nghiệp cho Cục Thuế Singapore (IRAS).
8. Other consultations related to salary and healthcare insurance (if applicable).
Best suited for:
B2B and service-oriented businesses.
Smaller transaction volumes.
Companies with a dedicated accounting and tax team for regular monitoring.
Key deliverables:
1. Consultation on Singapore Accounting Standards and tax regulations.
2. One-time consultation at the end of each financial year or after financial reporting. Deep-dive consultations may be charged fees.
3. Collection and management of business tax documents after the end of the financial year.
4. Setting up data and bookeeping in QuickBooks Desktop.
5. Preparation of annual financial reports according to Singapore Financial Report Standards.
6. Preparation of customized managements report upon business request.
7. Support in preparing and filing corporate income tax returns with the Inland Revenue Authority of Singapore (IRAS).
AGM and AR are mandatory for all Singapore companies. Every Singapore incorporated company must prepare and submit AGM and AR annually to ACRA.
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 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).
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.
Annually, all Singapore companies are required to submit related Corporate Income Tax returns to the Inland Revenue Authority of Singapore (IRAS) as follows:
Estimated Chargeable Income (ECI)
Corporate Income Tax Filing (Form C-S Lite, Form C-S, or Form C)
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.
TKS 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.
Consultation on withholding tax based on specific payment scenarios and contracts.
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.
Consultation on double taxation avoidance agreements and registration of the Certificate of Residence for Singapore companies.
Audit services for Singapore companies are tailored based on:
Business model
Transaction volume
Specific revenue
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.
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.
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.
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.
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).
Tax and Accounting Operations, Financial Reporting
Quick and seamless transition
The process of transitioning from another service provider to TKS 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.
Start-up company
Small and medium-sized enterprises
Large corporations and multinational companies
One stop, professional services at reasonable fees.
ACCA qualified, IFRS standards.
+10 years of experiences, transfer pricing experiences for multinational companies.
TKS provides tax and accounting services for Singapore companies including the following services:
For Singapore companies that are not established by TKS, TKS still assists in the preparation of financial statements and tax returns.
TKS 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. TKS ensures that the accounting procedures and financial statements of a Singapore company are diligently executed in adherence to Singaporean accounting standards.
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.
TKS 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.
(+84) 901 332 693
+84 901 332 693