Singapore
- Preference
- Services
- Process
1. Global low tax countries
Corporate income tax up to 17% no capital gains tax no capital appreciation tax
2. Simple tax system
Corporate income tax up to 17% no capital gains tax no capital appreciation tax
3. No foreign exchange control
No foreign exchange control policy bank account income and expenditure free capital circulation free, conducive to trade
4. Preferential policies of tax system
Tax residents enjoy preferential tax system, new companies enjoy tax relief
5. Stable exchange rate and inflation rate
The inflation rate is basically stable, and the exchange rate of Singapore dollar remains balanced
6. Strict confidentiality law
Perfect legal system, strict supervision, more strict "Singapore secret law"
1. Agent account making and tax declaration
Set up account book according to customer's demand, bookkeep and prepare report by agent
2. Tax compliance declaration
Assist in the preparation and submission of tax returns to meet compliance requirements
3. Tax planning and consultation
Assist enterprises to improve the company's structure, identify opportunities for tax relief and reduce tax burden reasonably
4. Preferential application and tax burden optimization
Assist enterprises in Planning Shanghai steps to meet preferential policy conditions so as to submit application to government agencies
5. Assist in dealing with problems and disputes
Assist in dealing with audit, review, questions and tax disputes of the Tax Bureau
According to the provisions of Singapore company law, companies established in Singapore need to keep accounts and relevant original vouchers for at least five years, so that the Singapore tax administration (IRAS) can implement comprehensive and real-time review and supervision, and the cost can be saved and efficiency can be improved through the bookkeeping of hongfu'an agent. The process of hongfu'an's account audit is as follows
1. It takes about 2 weeks to sort out the documents and prepare the account for the accountant
2. It takes about 1 week to issue a letter of appointment to appoint an auditor
3. Auditor's bank confirmation letter, about 2 weeks
4. It takes the auditor about 4 weeks to produce the audit report
5. The client signs the audit report and sends it back to the auditor
6. It takes about 2-3 weeks for the audit report to be submitted to the Registration Bureau
- Audit
- Declaration
- Favoured
According to Singapore regulations, any Singapore company must employ an auditor within 3 months of its establishment. From July 1, 2015, Singapore PTE. Ltd. can be defined as a "small company" if it meets the corresponding conditions (any 2 of the following conditions), and can obtain an audit exemption:
① The turnover of the company shall not exceed S $10 million
② The total assets of the company shall not exceed S $10 million
③ The total number of employees employed by the company shall not exceed 50
Hongfu'an can assist enterprises to issue audit reports that meet the statutory requirements, assess the financial information, operational risks and other aspects, and help Singapore companies to save costs and maintain sound operations.