Personal Income Tax Filing Services in Singapore - Helping You with Individual Income Tax Filing
Filing personal income tax in Singapore is a legal obligation for all individuals earning income within the country. At Apexia Corporate Advisory, we simplify the process, helping you meet compliance requirements while optimizing tax savings.
Understanding Personal Income Tax in Singapore
Progressive Tax Rates
Singapore's personal income tax system operates on a progressive tax rate structure, where tax rates increase as income rises. Rates range from 0% to 24% depending on your annual income.
Foreign Income Exemption
Foreign income received in Singapore is typically not subject to taxation if certain conditions are met. Additionally, Singaporeans working overseas for at least six months in a calendar year may qualify as non-residents for tax purposes in the following year.
Personal Tax Filing Deadlines
When to File?
- Annual Deadline: 15 April for paper filing and 18 April for e-filing.
- Income is assessed based on the preceding calendar year (ending 31 December). Tax returns must be filed by the specified deadlines to avoid penalties or estimated assessments from IRAS.
Income Tax Bills
After filing, individuals can expect to receive their income tax bills from May to August.
Our Singapore Personal Income Tax Filing Services
At Apexia Corporate Advisory, we offer end-to-end personal tax filing solutions, including:
- New Taxpayer Registration: Assisting first-time taxpayers in setting up their accounts.
- Income Tax Return Preparation: Accurate computation of income and deductions to optimize tax liabilities.
- Extension Requests: Requesting deadline extensions if necessary.
- Employee Tax Filing: Preparation of Forms IR8A and IR21 for employees.
- Tax Planning and Advice: Tailored strategies to maximize tax reliefs and minimize liabilities.
Tax Residency and Personal Reliefs
Determine your tax residency status and identify applicable reliefs, such as:
- Parenthood Tax Rebate
- Qualifying Child Relief
- Spouse Relief
Taxation of Employment Income
Understand how various income components are taxed, including:
- Salaries and wages
- Bonuses and incentives
- Allowances and benefits-in-kind
- Director's remuneration
Special Tax Schemes
We assist with navigating special schemes, including:
- Not Ordinarily Resident (NOR) scheme
- Area Representative Scheme
Tax Compliance
Stay compliant with IRAS regulations, including:
- Voluntary Disclosure: Correcting past errors to avoid penalties.
- Penalties for Late Filing: Avoid fines and legal action for non-compliance.
Why Choose Apexia Corporate Advisory for Personal Tax Filing?
At Apexia Corporate Advisory, we bring:
- Expert Knowledge: Decades of experience in Singapore's tax system.
- Personalized Service: Customized tax strategies to suit your individual needs.
- Efficiency and Accuracy: Ensuring error-free filings and timely submissions.
- Comprehensive Support: From registration to dispute resolution, we've got you covered.
Contact Apexia Corporate Advisory Today. Let us handle your personal income tax filings with precision and care. Our expert team ensures compliance while maximizing your tax benefits. Get in Touch to simplify your tax filing process today!
