Tax Advisory

FOR CORPORATES/BUSINESSES:

Cross-border M&A tax advisory service

a. Tax structuring advisory

b. Tax due diligence

c. Minimise tax leakage, including advising on the design and implementation of new transaction structures, holding structures and financing structures.

Legal entity rationalization

a. Tax structuring to minimise tax leakage

b. Winding down exercise

c. Short form amalgamation

d. Inward re-domiciliation exercise

e. Capital reduction exercise

Advisory on Singapore corporate tax residency

a. High level review and provide comments to strengthen& strengthen the company’s Singapore tax residency, if required.

a.

b. Application for Singapore Certificate of Residency (“COR”) or Letter of Residency (“LOR”) application with the IRAS.

Tax Advisory

FOR INDIVIDUALS/HIGH-NET WORTH INDIVIDUALS (HNWIS):

Personal tax planning

a. Income Tax Return filing

b. Filing of Form IR8A / IR21 (employer’s return)

c. Application for Singapore Certificate of Residency for non-resident person.

For Single Family office:

A Single-Family Office (“SFO”) is an entity established to provide wealth planning and asset management services to a high net worth (“HNW”) family.

For a fund office in Singapore to manage third party funds, it would need to apply for license with the Monetary Authority of Singapore (“MAS”). But for an SFO in Singapore which only manages its own family assets, it can be exempt from obtaining a license with the MAS.

MAS also offers various tax incentives (Section 13U or Section 13O) for investment vehicles managed by the SFO to exempt from Singapore tax.

a. Structuring and tax advisory

b. Incorporation of the fund management company and fund vehicle

c. Application of tax incentives

Application for Exemption of foreign sourced income (FSIE) under Section 13(12)

Applying for Tax incentives available for Singapore companies

Provide advice on disposal of foreign assets under Section 10L

held by a Singapore company.

Availability of tax losses, donations, and capital allowance after a substantial (>50%) change in shareholder(s) of a Singapore company / Waiver of shareholding test

Employee Stock Option Plan tax advisory

Tax Compliance

• Corporate tax filing

• GST registration and filing

• Stamp duty on transfer of shares in Singapore company

• - Stamp duty calculation and filing

• - Stamp duty relief application

• Withholding tax support

• - Advising on the withholding tax implications, including analysis on the tax treaties and their applicable reduced tax rate

• - Withholding tax filing

FOR FUNDS:

Fund tax structuring

a. Singapore tax implications on the various income and payments streams derived by the fund

b. Advise on the relevant tax incentive schemes available

c. Comment on the withholding tax implications (if any) on the payments or distribution made by the fund

Fund manager

a. Advise on the tax efficiency of the proposed fund structure, including the Singapore tax on the management fee and performance fee.

b. Advise on the structuring of a carried interest vehicle and the potential Singapore tax implications.

Upon planning your taxes, we can help to implement and align your tax filings according to plan.

Need someone to file your tax correctly and according to your tax planning, find out more about our tax compliance services here.