Felton Management Pte Ltd

Tax Services

Keeping your accounting records accurately and up-to-date is important for all business. As the accounting records can be used for decision making, cash flow planning and meeting regulatory filing as required in Singapore.

Our services include but not limited to:

  • Corporate Tax

Each Singapore Company must file its income tax return with Inland Revenue Authority of Singapore (IRAS) on an annual basis. The IRAS filing consists of two parts:

* Filing of Income Tax Return with tax computation by December 15th (online filling) of the following year. As part of our annual tax filing service, we will take care of both ECI and Income Tax Return preparation and filing with IRAS.
* Filing of Estimated Chargeable Income (ECI) within 3 months of the financial year end of the company.
 
  • Goods and Services Tax (GST)

GST Application:

* It is compulsory for businesses to come forward to register for GST when their turnover exceeds $1mil per year. Businesses that do not exceed $1mil in turnover may register for GST voluntarily.

Submission of GST Return:

* All submissions of GST returns must be submitted via e-Filing (myTax Portal ). Failure to e-File is an offence punishable with a fine up to $5,000 and in default of payment, an imprisonment term up to six months. GST returns must be submitted within one month from the end of each accounting period. If there is no transaction done, you are still required to submit a “NIL” GST return.

  • Personal Income tax

* It is mandatory under law to file for your annual personal tax returns to IRAS by 15 April of every year (if you e-File, you have up to 18 Apr). IRAS diligently enforces the requirements relating to the filing of the personal tax. Please comply to avoid paying fines and/or court prosecution.
 
  • Partnerships Form P submission

* While a partnership does not pay tax, it still has to file an annual income tax return (Form P) to show all income earned and business expenses deducted by the partnership during the year. The partnership is required to file the Form P if it has received the paper Form P or invitation to e-File, even if it has not commenced business in the year.
 
  • Our services including:

* Preparation and filling of income tax return for companies, individual, sole proprietor and partnership , if necessary Advise on other tax matter
* Submission of ECL for corporate tax
* Request for extension of deadline, if necessary Advise on other tax matter

All Services

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Tax
ー SERVICES ー

Felton Management is a professional one-stop solution service provider provides a complete
suite of services that address all aspects of setup, start-ups and ongoing administration of
your business entity, including accounting, taxation, corporate secretarial and consultant..

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