Tax
Tax regimes across the world undergo frequent changes in response to economic growth and challenges. At Baker Tilly, we are committed to providing both businesses and individuals with sound, timely and practical advice, whether they are setting up businesses, conducting cross-border transactions, structuring investments or going public.
How We Can Help
Compliance Services
We prepare Singapore tax returns for organisations ranging from corporate bodies to professional sole proprietorships and partnerships, as well as for expatriate employees, high-net-worth individuals, trusts and estates. We also handle negotiations and correspondence with the Inland Revenue Authority of Singapore (IRAS), including enquiries arising from IRAS audits or investigations.
Advisory Services
Our professional team helps clients who set up businesses in Singapore to navigate the tax environment. We also offer guidance to investors venturing into the region, giving advice on how to structure their investments to achieve optimal after-tax returns.
Cross-Border Transactions Services
As part of an international network, Baker Tilly is well positioned to help clients understand tax ramifications at home and abroad and comply with the tax rules of the relevant countries.
Employee Consulting Services
Foreign businesses seconding employees to Singapore, and Singapore companies sending staff abroad can rely on our team to help them design tax-effective employee compensation packages and implement tax equalisation policies.
Goods and Services Tax (GST) Services
With the global shift from direct to indirect taxes and GST now being the second largest contributor of Singapore’s tax revenue, increased scrutiny by tax authority on the GST compliance of businesses is almost a certainty.
Additionally, changing business models due to ongoing digitalisation of the economy and new international GST/indirect tax guidelines would mean that it is critical for businesses to be on top of the changes and to take a pro-active approach in being GST compliant so as to manage their GST risks. Otherwise, penalties can be costly and worse, it can result in reputational risk for businesses.
Our dedicated GST specialists who have substantial experience in GST (both as a regulator and from Big 4 international accounting firms) are well placed to support you across a wide spectrum of GST matters.
Who Needs Tax Services?
- Corporations, charities, sole proprietorships, partnerships, expatriate employees, high-net-worth individuals, trusts and estates. All legal entities can benefit from tax services in terms of assurance of compliance with the relevant laws and, where possible, reduction in overall tax costs.