Tax Service for Individuals and Corporate

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Always by right

Enjoy the peace of mind of submitting your taxes on time.

Why use our Tax Service?

Prevent errors in your tax filing and always submit taxes on time

Save days spent on figuring out your taxes

Complementary to our accounting services, you can save more time to focus on what's important to your business.

Prevent Errors

Most lapses in compliance are due to negligence or insufficient understanding on the tax matter.

Peace of mind

With our tax experts handling your taxes, you can be assured that your taxes are always done on time

Individual Income Tax Service

Individuals are required to file their income tax by 15 Apr of each year.

Obligation to Pay Income Tax Individuals are taxed based on the income earned in the preceding calendar year. This means that income earned in the calendar year 2019 will be taxed in the Year of Assessment (YA) 2020.

This service package includes:

Preparation of Income Tax Computation

Filing of Income Tax Return

General Personal Tax Advisory

Fee Structure

Tax Fee

From $260

Corporate Income Tax Service

Corporate are required to file their income tax by 30 Nov each year.

Unless granted a tax waiver to submit Income tax return by Inland Revenue Authority of Singapore (IRAS) , all companies need to file their annual tax return by 30th November on the following year. IRAS has extending the dateline to 15th December if company submit their tax return via online. The tax return will be either a Form CS or a Form C depending on the turnover of the company.

This service package includes:

Preparation of Income Tax Computation

Filing of Income Tax Return

General Corporate Tax Advisory

"We are very satisfied with services as FMD team work efficiently in
meeting the timeline and deadline required. Very friendly and helpful!"

Oil Field Supplies & Equipment Pte Ltd

Gary Tan, Business Development Manager

Fee Structure

Tax Fee

From $260

Frequently asked questions for our Tax Services

Do I really need it?

Terminologies

When is a company considered dormant under IRAS?

According to IRAS, a dormant company is one that does not carry on business and has no income for the whole of the basis period. For example, if a company did not carry business and no income for whole of period ending in financial year 2019, it will be regarded as a dormant company for YA 2020.

Do I need to submit tax return if dormant company?

Yes. Company is required to submit tax return unless it has been granted for tax waiver.

What are the tax return deadlines that I need to pay attention to?

Individual : Paper filing by 15 April, e-filing by 18 April
Corporate : Paper filing by 30 November, e-filing by 15 December

Exclude special deadline that will be given for certain circumstances.

Do I need to inform IRAS if my company is qualified for ECI waiver?

No. There is no need to seek confirmation from or inform IRAS if the Company qualify for ECI waiver that meets the following criteria:

a.) Annual revenue is not more than S$5million for the financial year (after Jun 2017) and

b.)ECI is NIL for the YA

Can I submit tax return myself? Why tax agent?

Yes. You can submit tax return by yourself.

However, your tax is more reliable with registered tax agent. As a professional expert, tax agent will ensure your company comply with all rules and regulation, getting benefited with tax-saving schemes and help you avoid illegal tax evasion. As tax agent and tax advisor, they could provide you suggestions on achieving tax efficiency throughout the year and assist on your strategies in order to avoid paying unnecessary taxes (not tax evasion).

Why engaged FMD as my company’s tax agent?

Currently servicing more than 800 companies, our team are prompt and led by qualified accountant to ensure we have the expertise to account business transactions properly under different situations.

Here is what our client say about our service:

"We are very satisfied with services as FMD team work efficiently in
meeting the timeline and deadline required. Very friendly and helpful!"
- Oil Field Supplies & Equipment Pte Ltd

Can I apply for tax waiver?

A Company may consider to apply tax waiver in order to be released from its obligation to file its income tax return (Form C-S/C):

a.) It must be dormant (No Other Income, No Business Activities, and No business-related expenses except statutory expenses)

b.) has submitted either its Form C-S or Form C, accounts and tax computations up to the date of cessation of business;

c.) It must not own any investments (e.g. shares, real properties, fixed deposits). If the company owns investments, it must not derive any income from these investments;

d.) It must have been de-registered for Goods and Services Tax (GST) purposes prior to this application if it had previously been a GST-registered company; and

e.) It must not have the intention to recommence business within the next 2 years.

Can I activate company after granted for tax waiver?

Yes and subject to 7e above, Company need to submit tax return once recommence the business.

Q: What is a Year of assessment?
A: 'Year of Assessment' (YA) refers to the year in which income tax is calculated and charged. The assessment is for the income earned in the preceding year, starting on 1 Jan and ending on 31 Dec. Example: For YA 2020, the assessment is for income earned from 1 Jan 2019 to 31 Dec 2019

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FMD group started in 1999 with the goal to provide quality service at fair price to assist SMEs in their journey towards success