How do we assist you in filing Personal Tax Returns to IRAS?
Our personal tax service for individual taxpayers include the following process:
1. Perform an assessment of your tax residency status to determine the appropriate tax rates for the year of assessment.
2. Request for all supporting documents to substantiate your employment income (including salary, bonus, director’s fee, etc).
3. Request for all evidential supporting documents to support eligibility for personal tax reliefs and other sources of income from Trade, Business, Professional or Vocation, Property or Investments (including pension, interest, rent & other income from property, royalty, trust income, etc).
4. Request for all evidential supporting documents to support that the individual incurred allowable employment expenses in the production of employment income (not reimbursed by employer).
5. Request for proof of approved donation payments (subject to certain conditions and to claim as deductions).
6. Upon receiving written confirmation from the individual and all relevant documents, we will prepare the draft personal tax computation and personal tax returns.
7. WIth your final approval, we will assist in filing the personal income tax return to IRAS.
All individuals must keep adequate records to support the income earned for the relevant year of assessment. All records must match with original or scanned invoices, receipts and other evidential documents. You must keep all supporting documents for five years.
Budget 2022 – Change in Personal Income Tax Rate for YA2024
As of the Year of Assessment (YA) 2024, the top marginal Personal Income Tax (PIT) rates will increase. For tax resident individual taxpayers (chargeable income in excess of SGD 500,000 – 23% and SGD 1,000,000 – 24%), please refer to the IRAS website for the new PIT rate structure.
In YA2024, the income tax rates for non-tax residents will increase from 22% to 24% (except for employment income and certain income subject to reduced withholding rates). This is to ensure the tax system maintains parity between the highest marginal tax rate for non-residents and residents.
Personal Tax Team assists you on tax matters
Our experienced Personal Tax Services team is committed to helping Singapore taxpayers to manage personal tax issues efficiently.
Our tax team assists in filing up the tax forms (optimizing tax reliefs, deductible expenses and donations) and file the income tax returns to IRAS.
1. Prepare individual’s income tax returns;
2. Prepare tax computations for individuals, sole proprietors and partnerships;
3. Prepare employees’ tax returns (IR8A) and tax clearance (Form IR21 for non-citizen employees’ cessation of employment);
4. Attend to IRAS queries on individuals’ tax matters;
5. Apply to IRAS for voluntary disclosures of past tax errors; and
6. Provide advice on personal tax planning.
Have questions on Personal Tax filing?
We support all individual taxpayers in meeting their tax obligations and the computation of personal taxation.
Please send through your enquiry via Contact for our team to understand exactly what concerns you have. The personal tax team will contact you to discuss this in detail.