As an executive-level expats employer, you must verify that your employees are properly compensated, that they are fulfilling their tax requirements, and that they are claiming any concessions that may be available each year.
We ensure that your expat employees’ tax needs are handled during their time in Singapore with our Expat Compliance service. Expat compliance is a benefit you may offer your top executives to help them stay on board. Expat Comply creates an incentive employees to join and stay with your company. We provide a better experience for consumers by ensuring that their tax matters are properly handled while they are in Singapore.
In Singapore, what are the requirements for filing tax returns?
Individuals would get a letter, tax return (Form B/B1/M), or SMS message from the Inland Revenue Authority of Singapore (IRAS) in February/March of each year, requesting that they file their tax returns electronically (by April 18) or on paper (by 15 April). Individuals who only receive earned income may receive a letter or text message from the IRAS informing them that they have been selected for No Filing Service, which means they will not be required to file a tax return unless they wish to report additional revenue streams or revise their personal claims. Assessments are made via assessment notices. The tax is usually payable one month after the day on which the notice of assessment is sent out.
Why Bluebox?
- When your high-level expat employee comes in Singapore, we address any tax concerns they may have, as well as provide an explanation of the system and their annual responsibilities.
- We prepare and file each employee’s personal tax return on an annual basis, claiming all eligible deductions.
- When your expat employee departs Singapore, we can assist them with completing the necessary departure documentation and scheduling a Departure Briefing to discuss any potential tax issues.
Strategic Tax Planning
We design our strategic tax plans to help clients with both corporate and personal tax issues who want complete global tax advice.
Initial Tax Review
The Initial Tax Review is for clients who seek specialized guidance on their circumstances but have basic international tax advisory needs.
Departure Consultation
Our Departure Advisory Consultation is designed for expats departing Singapore and provides you with the tax necessary information before you leave.