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Our tax services are designed to help clients to tap into today's competitive business as well as fiscal environment through effective tax planning and maximization of tax incentives while maintaining regulatory compliance. We offer a whole range of professional tax services in line with the government's self assessment system (SAS). |
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Our tax services department is led by a team of experienced professionals dedicated to strive to assist our clients in the area of tax compliance. Some of our services include the submission of income tax and real property gains tax returns as well as applications for service tax licenses, tax incentives, exemptions etc.
Our staff are committed to continuous professional development so that they can be well equipped to bring to our clients the most updated tax knowledge when preparing the various returns under the present SAS regime. This up-to date knowledge is crucial since a tax return that is filed on behalf of our corporate client to the Inland Revenue Board (IRB) is considered final and conclusive.
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In the rapid changing tax legislation environment under the SAS, it is important that companies are aware of the various potential tax benefits make available by the government and the availability of alternative business / tax solutions. We aim to excel in the area of tax planning to minimize the cost of doing business and therefore, optimizing business competencies as well as efficiencies. |
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In the event that field audit, in the opinion of the tax officer, is unsatisfactory, the field audit officer will refer such cases to the tax investigation unit of the IRB. Since the government has set a target to conduct field audit on 50,000 companies per annum, incident for referral to the tax investigation unit is not unusual. We understand what the client has to go through and hence can provide the support in dealings with the IRB's investigation officer and assist the client in dealing with the issues raised in the process. We also take directive from clients to negotiate the settlement with the government over these back duty investigations. This will lead to the issuance of a composite assessment in most instances. |
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We provide a simulation process akin to the field audit to determine the robustness of an entity's financial and other records when they are eventually be subjected to the actual field audit at a later stage. This will enable the client to mitigate their exposure to adverse tax findings due to possible managerial over-sight. |
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