Tax

Solutions

In an increasingly rigorous tax regulatory environment on both international and domestic fronts, there is a critical need for businesses to operate in the most tax efficient manner in the long term.

We can help you to stay updated with the latest tax regulations and navigate changes that may impact your business operations and long-term objectives.

Our comprehensive tax services encompass everything from routine tax compliance (preparation of annual tax returns) to providing advice on withholding tax, double tax agreements, specific tax matters and complex tax issues. With our support, you can steer through the constantly evolving tax landscape with confidence, and ensure compliance while optimising your tax efficiency.

Tax Solutions

Impetus Group|Tax Solutions

Corporate Income Tax

Our team provides comprehensive corporate tax services to businesses, including the preparation of income tax computations and necessary supporting schedules, as well as annual tax return forms required for submission to the Inland Revenue Authority of Singapore (“IRAS”).

We engage with IRAS on behalf of our clients to ensure smooth communication and resolution of any tax issues or queries that may arise. This includes reaching an agreement and finalisation for each year of assessment. Additionally, we offer application services to IRAS for voluntary disclosures of past tax errors or omission, to help our clients maintain compliance and avoid or minimise potential penalties.

Impetus Group|Tax Solutions

Personal Income Tax

We provide comprehensive assistance to individual clients for their personal income tax compliance requirements.

Our Personal Tax service covers:

  • Preparing income tax computations and tax returns
  • Addressing tax-related inquiries from IRAS
  • Facilitating voluntary disclosures of past tax errors or omissions to IRAS
Impetus Group|Tax Solutions

Goods & Services Tax

Goods and Services Tax (GST) is a important source of revenue for the Singapore Government, with the momentum of recovery from GST audits increasing in recent years. The penalties imposed on GST-registered businesses for non-compliance is a clear signal of the tax authority’s expectations of accurate GST filings.

We offer comprehensive GST services that cater to various business needs, including:

  • Assessing the requirement for GST registration
  • Assisting with the GST registration process
  • Applying for exemption from registration
  • Preparing and submitting GST returns (Form F5) on behalf of our clients
  • Reviewing GST report before submission to IRAS
  • Providing Assisted Self-help Kit (ASK) review
  • Assistance in applying for GST schemes
  • Advising on the GST implications of specific transactions
Impetus Group|Tax Solutions

Tax Advisory

Tax legislation is complex and perpetually evolving. You need an advisor who has a deep understanding of tax laws and regulations and is constantly updated with the latest changes.

Our tax experts are accredited tax advisors who can help you navigate ever-changing tax laws, identify and evaluate opportunities for tax savings to make informed decisions. Clients can confidently manage cross-border tax obligations and mitigate potential risks to maximise tax efficiency and business profitability.

We assist clients to address any tax investigation audit and tax dispute resolutions with IRAS; helping business to navigate conflicts and achieve fair outcomes efficiently and effectively by applying relevant tax law provisions.

We also advise on withholding tax requirements and double tax agreements that helps to eliminate instances of double taxation from cross-border activities, such as trade, knowledge sharing, as well as investments between two countries.

Connect with our Experts on your Enquiries.