Navigating you through all things IRAS and Singapore tax-related matters

  • Singapore adopts a territorial basis of taxation where tax is imposed on locally-sourced income accruing or derived from Singapore or foreign-sourced income that is remitted into Singapore. Having said that, taxation entails more than just applying the prevailing corporate tax to your earnings. With a host of deductions that you can legally take into account to lower your tax obligations, our role involves making sure applicable deductions are being factored in and that you are not overpaying your dues.
  • With Oohrar, you will receive professional guidance to the tax computation and filing process. This is conducted in a collaborative approach that enable us to form a full view of the tax position and advantageous tax scheme that your business can potentially benefit from.
  • We can help you save money by not only making the whole process as efficient as possible but by also making sure you do not overpay your tax dues. Less hassle, more savings.
  • Being accredited professionals, the team within our tax practice is able to help you in both corporate taxation and GST matters that ensure compliance but also in an efficient manner that reduces the contribution of time and effort on your end.

Taxation services can range from the routine tax computation for the purpose of filing with IRAS to the more complex task of advising on corporate structure and tax planning topics. Regardless what the task is, our team or professionals at Oohrar stand ready to assist you.

Our taxation services include, the following

Corporate Taxation

Timely and no overpayment of taxes. Our professional tax team has been assisting clients and stand ready to help you in matters including preparation and filing of Estimated Chargeable Income (ECI), Form C and Form C-S. Where required, we also help our clients to prepare detailed tax computation and attend to tax inquiries raised by the Tax Authority.

Goods and Services Tax (GST) Computation and Filing

Thinking of being GST registered or struggling to keep track of all the necessary to perform the quarterly computation and submissions? We have encountered a number of clients who came to us only after findings from audits or IRAS enquiries resulting in fines and encourage that you approach us early to prevent avoid financial penalties.

This include helping you step through the input and output tax documentation, accurate application of exempt tax supplies, zero-rated as well as business sector specific GST rates in your business. Other areas that we assist clients in include popular schemes such as MES, OVS, RC regimes, etc.

Corporate Entities Structuring and Tax Planning

They say that Singapore is a tax haven but I’m sure you don’t feel that way when you need to pay your taxes every year. In reality, corporate entities structuring and efficient tax planning is a much more effective and legal way to manage corporate tax obligations and is something that all growing to large corporations need to be doing. We understand that topics of taxation including the BEPS can be daunting yet at the same time may have significant impact to you. As such, feel free to reach out to us and find out how we can break it down to simple terms and clear steps to move you forward.

Other services that we assist our clients in

  • Accounting
  • Financial statement preparation
  • Financial planning & analysis
  • Digitalization of hard copies
  • Maintenance of statutory registers
  • ACRA filings and submission
  • Company incorporation

Feel free to write to us. We look forward to hearing from you!