Singapore’s personal income tax uses a stepped growth tax, even if the audit exemption conditions are met, the customer has the actual business, even if it is not a local bank account, not a local business, it is also recommended that the actual declaration, the declaration will know how much corporate income tax to pay, consumption refers to local sales of S$1 million, apply for GST declaration
Singapore company registration matters:
1. Singapore ordinary company registered capital over and including 50-100W will automatically join the business association, you also need to pay the annual membership fee of S$ 321 per year paid before January 1 each year, there will be a penalty for late, affecting the company’s status and reputation, and there is no benefit, the secretary company side does not help to pay the membership fee, the need for customers to pay their own official website.
2. The name search only proves that there is no duplication of company names.
3. After submitting to the secretary company, you can’t return the order at will, if you return the order for special reasons, please do negotiation first;
4. After the signature file is issued, the order cannot be returned;
5. In case of government audit, the registration time will exceed the normal registration time (about 15 working days), in this case, we can only wait for the government audit result, and the customer may need to cooperate with the defense in the process, in this case, the registration cycle is 2 weeks – 2 months;
6. If the company registration is rejected, you need to pay another fee to change the name or business scope and resubmit the application, if the customer returns the order, there will be costs incurred and cannot refund the full amount.
7. Singapore company company status is normal, as long as not to the annual audit time (date of establishment) or overdue soon, you can try to directly cancel, if dismissed, make up for the annual audit can be, but after the annual audit + tax clearance, do the most compliant cancellation.
8. The director of a Singapore company must be a natural person aged 18 years or above.
9. Singapore’s cancellation is about half a year after the file is signed back, after the completion of the official website will be given to the screenshot, no return receipt.
10. XBRL (eXtensible Business Reporting Language) extensible business reporting language, is a markup language based on XML, used in the definition and exchange of business and financial information
Singapore registry ACRA regulations, the company holding Singapore companies, need to upload financial reports to ACRA, and must be uploaded in XBRL format, this operation is handled separately, so there is a separate fee.
