bookkeeping services in singapore
TRANSCRIPT
Bookkeeping Services in Singapore
A presentation brought to you by Singapore-Accounting.com
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Bookkeeping in Singapore
o The general accounting and financial reporting requirements for companies in Singapore also include a detailed keeping of the transactions performed by the legal entity.
o These accounting standards will usually differ between companies, based on their size.
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Laws for Bookkeeping in Singapore
o The accounting standards in Singapore are included in the Singapore Financial Reporting Standards (SFRS).
o The rules and regulations are imposed by the Accounting and Corporate Regulatory Authority.
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Bookkeeping Services in Singapore
o Companies in Singapore can perform the bookkeeping duties in-house, by hiring an accountant who will work for the company, or by outsourcing these services and others to an accounting firm in Singapore.
o Bookkeeping services are available for all types of companies, irrespective of their size and annual revenue.
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Outsourcing Accounting and Bookkeeping >>
o Companies can request bookkeeping services and assistance for the following matters:
general and expenses ledger keeping;
payroll services;
goods and services tax;
balance sheets and cash flow statements.
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>> Outsourcing Accounting and Bookkeeping
o Outsourcing the bookkeeping and accounting matters in Singapore can reduce the company’s overall costs. This is even more advantageous for smaller companies with fewer employees.
o Foreign investors and company owners can request accounting services in Singapore.
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Taxation for Companies in Singapore
o Companies in Singapore are subject to the corporate income tax.
o This tax has a rate of 17%, however, a special tax exemption applies for a percentage of the first 10,000 SGD of the chargeable income and also for the next 290,000 SGD.
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Taxation for Individuals in Singapore
o Singapore residents are subject to taxation on the income produced in the country. The income received by an individual from a foreign source is exempt from tax under several conditions.
o Our accountants in Singapore can give you more details on the basis for personal taxation.
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Accounting Requirements in Singapore
o The tax year in Singapore is usually the same as the calendar year.
o Companies are required to file separate returns and not consolidated ones. The tax returns are to be filed within three months from the financial year.
o Our accounting firm in Singapore can provide you with the adequate services for filing compliance.
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Accounting and Bookkeping Services in Singapore
o Our team of experts in Singapore can provide professional assistance for bookkeeping and a number of different financial issues.
o You can contact us for complete information on our services.
Thank You for Your Attention!
For more information please contact us at:
+ 852 8191 3385 (for international clients)
http://www.singapore-accounting.com 11