Áce
Tax Consulting
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Our taxation services for corporate and individual clients comprise both Tax Compliance and Tax Advice. Tax Compliance Tax compliance involves the preparation of income tax computations, where necessary, and the relevant income tax returns (Forms B1, C, etc.) for submission to the Tax Authority. Unless an extension of time to file an income tax return has been granted by the Tax Comptroller, the deadline for filing the income tax return is generally 15 April for an individual taxpayer (for income earned in the preceding calendar year) and 31 July for a corporate taxpayer (for income earned in its preceding financial year). Failure to meet these deadlines may result in assessments raised based on estimates and / or the imposition of penalties. In addition to income tax compliance, we also provide compliance services for Goods & Services Tax ("GST"). Tax Advice Tax advice for Corporate taxpayers Tax planning plays an increasingly important role and becomes an integral part of the business decision-making process as a company's operations grow in size and complexity, e.g. where a company expands its operations overseas. This is necessary in order to optimise the company's cash flow to meet its needs and liabilities as and when they fall due, as well as minimise its income tax liability and exposure to different tax jurisdictions. In addition, we also provide tax advice on issues such as withholding tax, GST and stamp duty and advising on tax-efficient group structures in the restructuring of a group of companies. Tax incentives Our tax planning services also include advising a company on the various types of tax incentives available (which, if awarded, may allow its qualifying income to be exempt from tax or subject to tax at concessionary tax rates for a specified period) as well as the general requirements to be met before a particular tax incentive may be awarded. We also aid companies which have decided to apply for tax incentives to submit applications to the relevant authorities. Upon the award of a tax incentive, Ace Tax Consulting will assist in conducting periodic reviews, at the company's request, to ensure that the conditions of the award are met or if otherwise, help the company in its negotiations with the relevant authorities for a revision of the conditions, where necessary. Tax advice for Individual taxpayers For individual taxpayers, particularly expatriates and individuals seeking to minimise their income tax exposure and liability, income tax advice involves, inter alia, examining the role the taxpayer plays in his employment and structuring tax-efficient employment contracts. This is particularly important as there are a number of bases of taxation (e.g. "Not-Ordinarily Resident", area representative, etc.) to be considered in order to determine which is appropriate for an individual, having regards to the circumstances of his employment. Other Professional Services provided
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Important disclaimer: The information contained in this website and its links is meant solely for general reference only and is not to be construed or relied upon as professional advice given, or offers of contract by Ace Tax Consulting (hereinafter referred to as "the Firm"). All professional advice and services provided by the Firm are in writing and not via publication on this website. By visiting this website, users agree that the Firm will not accept responsibility for any loss, financial or otherwise, incurred by any party as a result of relying on the information contained in this website and / or its related links to third party websites, where applicable. The integrity, correctness and reliability of information provided in the aforementioned third party websites are also not verified or endorsed by, or the responsibility of, the Firm. Copyright © 2004
Ace Tax Consulting
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