When Do I Have to Submit Personal Income Tax?

For Employees whose company is participating in AIS need not file the income received from their employer. The information will be submitted to IRAS by 1st March 2017 and it will be automatically included in their income tax assessment. Employees will still be required to file a tax return if they received a notification [...]

By |2017-06-16T12:05:56+00:00February 27th, 2017|Taxes|0 Comments

Do I have to participate in Auto-Inclusion Scheme (AIS)?

AIS Submission is due by 1st March of 2017. Employers are advise to submit by 10thFebruary to avoid peak rush. Extension is only granted only on case-by-case basis under extenuating circumstances. Participation of AIS is compulsory when Employers have:- 10 or more employees[1]  OR received the “Notice to File Employment Income of Employees Electronically” [...]

By |2017-06-16T12:10:16+00:00December 20th, 2016|Taxes|0 Comments

Tax Planning

To remain competitive, businesses must plan their taxes effectively to minimize their tax liabilities. Tax planning is the process of forecasting one's tax liabilities through the best use of all available allowances, deductions, reliefs and exemptions. Available Tax Incentives The main advantage tax planning is to effectively leverage available tax incentives. The following list shows [...]

By |2017-06-16T14:21:54+00:00March 21st, 2016|Governments, Taxes|0 Comments