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Can the leasing fee of the Singapore company be included in the cost?

Released Date: Jul 18,2022 Article Source: HUANZE

When the Singapore company makes accounts, can the company include the rent paid for employees and office rental into the cost of the Singapore company? The answer is yes. Here's why:

Singapore CorporationIn the accounting process, whether the company can include the expenses paid for employee rental and office rental into the cost of Singapore company? The answer is yes. Here's why:

1becauseSingapore CorporationIn the process of operation, it is quite normal to have office rental expenses, which will be directly included in the calculation of corporate income tax, which can increase the company's costs, reduce the company's profits, and reduce the amount of corporate income tax.

2Some benefits are better than othersSingapore CorporationThe rent paid can be recorded as the company's welfare expenses, which will increase the cost of the Singapore company, reduce the company's profits and reduce the amount of the company's income tax. However, when calculating the personal income tax, the rent paid by the company will be added back to the employee, resulting in an increase in the employee personal income tax. Simply put, less corporate taxes and more personal income taxes for employees.

It follows that as long asSingapore CorporationThe expenses are related to the company's operation and are reasonable. They can be included into the company's expenses or costs, so as to reduce the company's profits and income tax expenses.

Can the leasing fee of the Singapore company be included in the cost?

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