Field Audit

Traditionally, the tax administration in Singapore depended on a system of full desk-audit of tax returns and accounts received from taxpayers to assess the tax payable. Apart from being time-consuming and laborious, such a system does not always produce results...

Tax Havens

Tax haven is a place which affords shelter from taxes. Tax havens can be broadly classified into: Countries that do not impose any taxes whatsoever ie Bahamas, Bermuda and New Hebrides. Such countries are also referred to as tax paradises. Those countries which tax...

International Tax Planning

Since tax planning is primarily a process of analysis and consideration of relevant tax factors and non-tax factors in a given set of circumstances, the questions usually posed by a taxpayer are: should i do it? if so, when should i do it? how do i go about doing it?...

Tax Planning Factors

What are the tax planning factors that should be considered in formulating a good tax plan? Tax planning can be divided into 2 broad heads which are short term planning and long term planning. They are used largely depending on the needs of taxpayer and exigencies of...

Tax Planning Objectives

The prime objectives of tax planning, no matter how effective accounting services for startups and business owners is, may be summarised as follows: Reduction of tax liability. Any taxpayer who has laboured with hard work win earning income has the greatest desire to...

Tax Planning Singapore

What is tax planning? Tax planning has taken a position of dominating importance in the economic life of a taxpayer. This is because the primary objective of planning is to conserve the hard work of the taxpayer so that he can enjoy the fruits of his income to the...
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