Accounting and Tax
With integrity at the core of our operations, we abide strictly according to legal parameters when providing our accounting and tax services, while helping you attain your financial objectives.
Our accountants are Certified Public Accountants with years of experience. They will work closely with you to develop plans according to your goals, while preparing financial statements and reports in accordance to International Financial Reporting Standards (IFRS).
All companies established in Singapore, UAE, and Malaysia requires to prepare their annual financial statements and annual company inspections after the end of the fiscal year and report to their relevant Registrar in a timely manner.
All companies established in Singapore, UAE, and Malaysia requires to prepare their annual financial statements and annual company inspections after the end of the fiscal year and report to their relevant Registrar in a timely manner.
Goods and Services Tax (GST) refers to the tax levied on most goods and services consumed in Singapore. Companies with sales of more than S$1 million are required to register for GST and report to the Inland Revenue Authority of Singapore (IRAS) on a monthly/quarterly basis.
Value-added Tax (VAT) refers to a general consumption tax applied to the majority of the transactions of goods and services unless specifically exempted or excepted by law. Companies with sales and imports of more than AED375,000 are required to register for VAT and report to Federal Tax Authority (FTA) on a monthly/quarterly basis.
The Inland Revenue Authority of Singapore (IRAS) requires all private companies established in Singapore to prepare their annual tax returns and state the company's tax status at the end of the fiscal year.
There is no corporate tax in the UAE at the Federal level, but some individual Emirates impose a limited corporate tax on enterprises engaged in exploration and production of oil and gas at rates up to 55 percent and on branches of foreign banks operating in the UAE at the rate of 20 percent.
The UAE has also established many free zones that provide tax holidays and exemptions for terms of between 15 to 50 years.