The tax landscape is changing rapidly and the Internal Revenue Authority of Singapore (IRAS) has increased its focus on tax compliance. Nowadays, knowing how to handle taxes efficiently is important to stay competitive.
We understand the complexity of tax regulations and the struggle they can represent for SMEs. The role that taxes play has increased and it is essential to design good management planning to minimize the risks involved in the commercial transactions of your businesses.
At Bluebox, we provide you with a complete tax service that is based on all the experience we have obtained over the years. We help you comply with current regulations and keep you up to date with changes in tax legislation. The results that you can obtain with a good management of your taxes are crucial for the development of your business, we help you take advantage of them and obtain their maximum benefits
Tax Benefits for SMEs in Singapore
The Inland Revenue Authority of Singapore (IRAS) has created a scheme to encourage new business setup. The benefits that are provided, help SMEs achieve savings throughout tax season. Qualifying businesses can get the following exemptions from taxable profits in the first 3 years of operation.
How Bluebox can Help?
Bluebox ensures you are in sync with the latest tax laws. Our tax accounting professionals will help you correctly interpret and understand these regulations. With our extensive experience in current tax law followed by best practices for tax planning, we can help you maintain tax compliance amid changing regulations and tax reforms in Singapore.
Full exemption
75% exemption on the first $100,000 of normal chargeable income; and A further 50% exemption on the next $100,000 of normal chargeable income.
Partial exemption
75% exemption on the first $10,000 of normal chargeable income; and A further 50% exemption on the next $190,000 of normal chargeable income.
Corporate Income Tax Rebate
Corporate income tax rebate is given to all companies to ease business costs 25% corporate income tax rebate, capped at $15,000 for 2020
Our Tax Services
- Direct Tax
- Indirect Tax
- Tax Advisory
- Tax Compliance
- Tax Dispute Resolution
GST
Bluebox’s GST team helps you meet the compliance requirements in a meticulous manner, so you don’t have to face any hurdles in your business.
Withholding Tax
Expert guidance on withholding tax compliance, ensuring accurate reporting and minimizing liabilities of the business.
Personal Income Tax
Streamline personal income tax compliance with our expert services, navigating complex regulations and optimizing savings.