Taxation
Taxation
Our tax practice, carried out the following services:
Compliance, tax advisory and tax planning for corporations, registered bodies, partnerships, joint ventures and individuals (including expatriates and non-residents), covering:
- corporate, sole proprietorship and partnership income tax
- employee income tax
- real property gains tax
- stamp duty exemptions
- personal taxation computation
- With holding tax
- Acting on behalf of clients in handling tax audit and investigation cases
- Meeting with clients to explain the relevant laws, procedure and practices
- Advising clients of their rights and how to deal with the tax audit with the least interruption to their businesses
- Reviewing tax returns, correspondence and accounting records
- Advising clients on findings of the review
- Attending meetings and responding to queries raised by the Inland Revenue Board
- Analysing bank transactions and accounting data
- Compiling assets betterment statements
- Preparing gross profit analyses
- Negotiating with the Inland Revenue Board for a reasonable basis of settlement of back taxes and penalty
- Reviewing tax compliance history to assess risk of becoming a tax audit target
- Advising on how to improve accounting systems for better tax compliance
Tax incentives and business related services:
- Application for manufacturing licence and tax incentives
- Compliance with exchange control regulations
- Matters relating to indirect taxes, such as service tax licensing and import duties exemption
