Singapore is a Tax Haven

by EBOS Admin | May 5, 2021 | Accounting, Income Tax

Singapore is a Tax Haven. Singapore’s low taxes and other incentives for foreign investors qualify it as a tax haven. Resident taxpayers pay a progressive tax on personal income at a top marginal rate of 22%. In 2019, the highest tax bracket is defined as...

 Why do companies relocate to Asia?

by EBOS Admin | Apr 21, 2021 | Accounting, Business Set Up, Income Tax

 Why do companies relocate to Asia? Singapore is a Gateway to ASEAN Countries Singapore ranked fifth among the top 20 hot economies in FDI inflows, this has made Singapore marked its gateway to ASEAN and is a popular destination for companies of all industry and sizes...

How to Prepare Your Taxes in 8 Steps

by EBOS Admin | Mar 17, 2021 | Accounting, Grant & Money, Income Tax

How to Prepare Your Taxes in 8 Steps 1.Choose a Preparer Request recommendations from friends and advisors when considering a tax preparer. Verify that the person has a Preparer Tax Identification Number (PTIN), which ensures that they are permitted to prepare federal...

Save on Corporate Income Tax in Singapore

by EBOS Admin | Mar 3, 2021 | Accounting, Grant & Money, Income Tax

Save on Corporate Income Tax in Singapore, Singapore’s corporate tax rate on chargeable income at 17 percent – it is one of the lowest in the world. Understanding your expenses is one of the key factors that your Cloud Accountant will do to help you manage your tax...

How to Set up a Special Purpose Vehicle Entity

by Intellinz Admin | Mar 2, 2021 | Business Set Up, Compliance, Income Tax

How to Set up a Special Purpose Vehicle Entity. Let me introduce you to the process of creating a Special Purpose Vehicle (SPV) that is commonly used in the finance and real estate sectors before SPVs became widely used as we know it today. SPVs are useful in...

Tax for International Services

by Intellinz Admin | Dec 16, 2020 | Accounting, Compliance, Income Tax

Tax for International Services. Your Services are viewed as global servicers, which are zero-rated (for example GST is charged at 0%), on the off chance that they fall inside the arrangements under Section 21(3) of the GST Act. Dependant upon the nature of your...