Taxation Services
Simplified Tax Filing for Businesses & Individuals
Avoid penalties and save more with expert tax solutions.
Under the Singapore Income Tax Act, all companies incorporated in Singapore are required to submit an annual tax return along with Form C or Form C-S to the Comptroller of Income Tax.
At Compliance Care, we help our clients fulfill these obligations accurately and on time, while minimizing the risk of late filing penalties through reliable corporate tax computation and submission services.
Why Tax Planning Matters
Through our Tax Advisory Services, we help clients make informed decisions, reduce unnecessary tax burdens, and reinvest savings back into the business — or return value to shareholders.
Even basic tax planning for your business or personal tax position can lead to substantial savings. Our role is to help you legally optimize your tax position through proactive planning and structured guidance.
Our Corporate Tax Services Include:
- Corporate and personal tax compliance
- Preparation of tax returns for:
- Individuals & sole proprietors
- Partnerships
- Companies (Form C / C-S filing)
- Filing of Estimated Chargeable Income (ECI)
- Guidance on available tax incentives and schemes
- GST registration with IRAS (required once annual revenue exceeds S$1 million)
- Quarterly GST filing and submission support
Whether you’re managing a growing SME or running a one-man startup, our team is here to help you stay compliant, up-to-date, and audit-ready.
Let’s Build a Smarter Tax Strategy
At Compliance Care, we go beyond annual tax filings. We work closely with trained tax specialists to deliver insightful tax planning and advisory that helps you structure your business tax-efficiently.
Our services are available for both corporate and individual clients, and we pride ourselves on providing reliable advice tailored to your business model, structure, and growth plans.
Ready to take control of your tax position? Let us guide you through Singapore’s tax system with confidence.
Singapore Corporate Tax & GST – Frequently Asked Questions (FAQ)
Can I choose any month as my company’s financial year-end (FYE)?
Yes, you can choose any month as your financial year-end. However, your first financial year must not exceed 18 months from the date of incorporation.
Example 1:
- Incorporation Date: 6 June 2025
- FYE Selected: 30 June 2025
- 1st Financial Year: 6 June 2025 – 30 June 2025 → YA2026
- 2nd Financial Year: 1 July 2025 – 30 June 2026 → YA2027
Example 2 (Maximum 18 months):
- FYE Selected: 30 November 2026
- 1st Financial Year: 6 June 2025 – 30 Nov 2026
As IRAS only accepts tax filings for up to 12 months, the tax years will be split:
- YA2026: 6 June 2025 – 30 Nov 2025 (6 months)
- YA2027: 1 Dec 2025 – 30 Nov 2026 (12 months)
- YA2028: 1 Dec 2026 – 30 Nov 2027 (12 months)
What is the Start-Up Tax Exemption Scheme (SUTE)?
The Start-Up Tax Exemption Scheme provides new companies with tax savings during their first three Years of Assessment (YAs).
From YA 2020 onwards:
- 75% exemption on the first S$100,000 of chargeable income
- 50% exemption on the next S$100,000
This scheme does not apply to companies engaged in investment holding or property development for sale or investment.
What are the conditions to qualify for the Start-Up Tax Exemption?
To be eligible, your company must:
- Be incorporated in Singapore
- Be a tax resident in Singapore for the relevant YA
- Have no more than 20 shareholders, and:
- All shareholders must be individuals, or
- At least one individual holds 10% or more of the ordinary shares
- All shareholders must be individuals, or
What happens after the first 3 years of tax exemption?
From the 4th Year of Assessment (YA) onwards, companies are no longer eligible for SUTE and will automatically shift to the Partial Tax Exemption (PTE) Scheme.
Partial Tax Exemption (YA 2020 onwards):
- 75% exemption on the first S$10,000 of chargeable income
- 50% exemption on the next S$190,000
The standard corporate tax rate in Singapore remains at 17%.
IRAS may also offer additional corporate income tax rebates, subject to the government’s annual budget announcements.
Example 1 – New Start-Up (YA 2020)
Your company earns S$250,000 in normal chargeable income. The Start-Up Tax Exemption applies as follows:
| Income Bracket | % Exempted | Amount Exempted |
|---|---|---|
| First S$100,000 | 75% | S$75,000 |
| Next S$100,000 | 50% | S$50,000 |
| Total Exempted | S$125,000 |
Tax Calculation:
| Chargeable income before exemption: | $250,000 |
| LESS: Exempt amount: | -$125,000 |
| Chargeable income after exempt amount | $125,000 |
| Tax Payable@17% (17% x $125,000) | $ 21,250.00 |
| LESS: Corporate Income Tax Rebate (25% x $21,250) | -$ 5,312.50 |
| Net Tax Payable | $ 15,937.50 |
Example 2 – Partial Tax Exemption (YA 2021)
Your company earns S$600,000. The partial tax exemption applies as follows:
| Income Bracket | % Exempted | Amount Exempted |
|---|---|---|
| First S$10,000 | 75% | S$ 7,500 |
| Next S$190,000 | 50% | S$ 95,000 |
| Total Exempted | S$102,500 |
Tax Calculation:
| Chargeable income before exemption: | $600,000 |
| LESS: Exempt amount: | -$102,500 |
| Chargeable income after exempt amount | $497,500 |
| Nett Tax Payable@17% (17% x $497,500) | $ 84,575.00 |
No tax rebate applied in this example.
What are the annual tax filing deadlines?
Example: FYE is 31 December 2024
Filing Type | Period | Due Date |
Estimated Chargeable Income (ECI) | 1 Jan – 31 Mar 2025 | 31 Mar 2025 |
Employment Income (AIS) | 1 Feb – 1 Mar 2025 | 1 Mar 2025 |
AGM / Annual Return (AR) | 1 Jan – 30 Jun 2025 | 30 Jun 2025 |
Corporate Income Tax Return | 5 May – 30 Nov 2025 | 30 Nov 2025 |
When is GST registration compulsory for my company?
You must register for Goods & Services Tax (GST) if your taxable turnover exceeds S$1 million in a calendar year (January to December), regardless of your company’s financial year-end.
Scenario A:
- Sales from Jan to Oct = S$900,000
- Projected or contracted sales by Nov = over S$1 million
You must register for GST immediately
Scenario B:
- Jan–Nov sales = S$1 million
- 15–31 Dec sales = S$100,000
GST registration takes effect from 15 December
All sales from 15–31 December must be charged 9% GST
GST is calculated based on inclusive pricing. For example:
- If you charge S$100,000 after GST registration, your GST payable =
S$100,000 × 9 / 109 = S$8,256.88
This amount must be paid to IRAS, even if you are unable to recover it from your customers.
Does IRAS base GST on financial year or calendar year?
GST registration requirements are based strictly on the calendar year (January to December), not your company’s chosen financial year-end.