Rikvin Provides Singapore Corporate Tax Consulting Services 

by Mel Locks Wednesday, April 13, 2011
Every 31st of each year, companies are required to file their Singapore corporate tax returns with IRAS, Singapore’s taxing authorities.

During their filing, companies such as the private limited, subsidiaries, and branch office ought to include tax computation, Director’s Report and Form C, among others.

“The Director’s Report comprises of unaudited financial statements like the balance sheet and income sheets, supporting notes and disclosures of significant accounting policies, disclosure of company’s operations, and shareholder’s and director’s interests,” says Rikvin.

Rikvin believes in outstanding value. Thus, in each service it specializes, it puts personal touch. IRAS Singapore income tax consultancy is among its specializations.

Its team of accountants and auditors guarantee accuracy and timeliness. Before the filing, the senior personnel review every order for errors. Its warranty encompasses services with filing errors caused by its staff.

“Our accountants can help in preparing the Director’s Report as it can be a tedious task,” chimes Rikvin.

“The Form C on the other hand is submitted every July of each year for the preceding FYE unless the Estimated Chargeable Income or ECI has been submitted already within 3 months following the end of its accounting period, which will grant the company an extension until December,” explains Rikvin.

According to IRAS, the Form C is a declaration of a company’s income.

“When filled up, it should be ensured that all necessary sections in the Form C are completed accurately and correctly to present a true account of the company’s income,” Rikvin continues to elucidate.

The laws also state that all companies engaged in a trading or business in Singapore ought to file the Form C for annual reporting of their income, even if the company is incurring losses,” adds Rikvin.

Another requirement to all companies is the filing of ECI. Rikvin says it is an estimate of a company’s chargeable income for a specified Year of Assessment.

“It is mandatory for companies to submit their ECI within three months from its end of FY regardless of the income. A company with zero-income can file ‘NIL’ ECI,” says Rikvin.

In filing the ECI, documents required are Financial Year End, Estimated Profits or Chargeable Income after the deductible expenses, and Estimate Revenue.

Rikvin assist companies in every filing need it has to comply. Having been established in 1998, Rikvin puts its more than a decade of experience in every service it offers.

About the Publisher:
Rikvin has successfully helped foreign and local entrepreneurs form a Singapore company. The company provides complete corporate solutions to investors and entrepreneurs both local and abroad. Among its specializations are Singapore company registration, Singapore company setup and providing professional services relating to financing and compliance services.

Rikvin assures its clients of confidence in dealing with every transaction. Its employees maintain competence and above all, Rikvin’s principles adhere to business ethics and all applicable laws. Its goal is to provide a highly personalized and professional service worthy of our clients loyalty.

“Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions.”

For more information, visit:
Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436
Email : info@rikvin.com
Website: http://www.rikvin.com/

Rikvin provides Singapore Company Registration service including securing your Singapore Employment Pass and Singapore EntrePass Visa for Singapore Business Migration.

General | Categories: financial, business
0    submitted by Mel Locks
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