bookkeeping services in singapore

Bookkeeping Services in Singapore

A presentation brought to you by Singapore-Accounting.com

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Bookkeeping in Singapore

o The general accounting and financial reporting requirements for companies in Singapore also include a detailed keeping of the transactions performed by the legal entity.

o These accounting standards will usually differ between companies, based on their size.

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Laws for Bookkeeping in Singapore

o The accounting standards in Singapore are included in the Singapore Financial Reporting Standards (SFRS).

o The rules and regulations are imposed by the Accounting and Corporate Regulatory Authority.

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Bookkeeping Services in Singapore

o Companies in Singapore can perform the bookkeeping duties in-house, by hiring an accountant who will work for the company, or by outsourcing these services and others to an accounting firm in Singapore.

o Bookkeeping services are available for all types of companies, irrespective of their size and annual revenue.

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Outsourcing Accounting and Bookkeeping >>

o Companies can request bookkeeping services and assistance for the following matters:

general and expenses ledger keeping;

payroll services;

goods and services tax;

balance sheets and cash flow statements.

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>> Outsourcing Accounting and Bookkeeping

o Outsourcing the bookkeeping and accounting matters in Singapore can reduce the company’s overall costs. This is even more advantageous for smaller companies with fewer employees.

o Foreign investors and company owners can request accounting services in Singapore.

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Taxation for Companies in Singapore

o Companies in Singapore are subject to the corporate income tax.

o This tax has a rate of 17%, however, a special tax exemption applies for a percentage of the first 10,000 SGD of the chargeable income and also for the next 290,000 SGD.

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Taxation for Individuals in Singapore

o Singapore residents are subject to taxation on the income produced in the country. The income received by an individual from a foreign source is exempt from tax under several conditions.

o Our accountants in Singapore can give you more details on the basis for personal taxation.

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Accounting Requirements in Singapore

o The tax year in Singapore is usually the same as the calendar year.

o Companies are required to file separate returns and not consolidated ones. The tax returns are to be filed within three months from the financial year.

o Our accounting firm in Singapore can provide you with the adequate services for filing compliance.

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Accounting and Bookkeping Services in Singapore

o Our team of experts in Singapore can provide professional assistance for bookkeeping and a number of different financial issues.

o You can contact us for complete information on our services.

Thank You for Your Attention!

For more information please contact us at:

 + 852 8191 3385 (for international clients)

office@singapore-accounting.com

http://www.singapore-accounting.com 11