In the Year of Assessment (YA) 2025, over 2 million employees (9 in 10 employees) will benefit from pre-filled tax returns, No-Filing Service (NFS), or Direct Notice of Assessment...
A Guide to Staying Compliant and Empowering Business Growth At YYC, we understand that staying compliant with tax requirements can feel overwhelming—especially for small businesses. That’s why we’re here...
Payment Due Date and Consequences of Late or Non-Payment The majority of companies pay their taxes on time. Corporate Income Tax is due one month from the date of...
Preparation of Tax Computations in Non-S$ Functional Currencies Companies that prepare their financial statements in non-Singapore Dollar (S$) functional currencies must also prepare their tax computations in the same...
Announcement from IRAS (15 January 2025) The Inland Revenue Authority of Singapore (IRAS) has announced new rules on transport expense reimbursements. Starting immediately, businesses must keep clear records of...
What is a Tax Computation? A tax computation is a financial statement that adjusts accounting profit to determine the income chargeable for tax. These adjustments include non-deductible expenses, non-taxable...
Understanding corporate income tax doesn’t have to be complicated. Here’s a simplified guide to help you navigate the tax system in Singapore and ensure your business remains compliant. What...
Filing corporate income tax returns may seem complex, but understanding the basics can make the process easier. This guide breaks down the filing requirements and deadlines for companies in...
At YYC, we understand the importance of staying compliant with Singapore’s tax regulations while maximizing efficiency for businesses. Submitting GST (Goods and Services Tax) returns can seem like a...
At YYC, we empower businesses to navigate Singapore’s tax landscape with clarity and confidence. If you’re operating in Singapore, understanding the Goods and Services Tax (GST) requirements is essential...