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How to declare estimated tax in Singapore?

Released Date: Jun 16,2022 Article Source: HUANZE

After the registration of a Singapore company, it is required to declare the tax to the Inland Revenue Authority of Singapore annually. The tax declaration is generally divided into two steps. The first step is to declare the estimated tax, and then the official tax declaration.

Singapore Corporation Upon completion of registration, you need to file an annual tax return with the Inland Revenue Authority of Singapore. The tax return is generally divided into two steps: first, the estimated tax is filed, and then the official tax return is filed.

Generally, the estimated tax is required to declare to the tax bureau within three months after the annual settlement date. If the tax is not declared on time, it will have a certain impact on the companySingapore CorporationIf there is no profit, you do not need to declare estimated tax. If there is profit, you must declare it.

The purpose of the declaration of estimated tax is for the government to estimate the tax revenue of the year in advance, and is not a formal tax declaration, to be declared after the declaration of estimated tax, about the end of the year6The official tax declaration should be made within a month, and the profit will be assessed and taxed at this time.

How to declare estimated tax in Singapore?

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