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    At DSC we have a wide range of tax experience which covers almost every aspect of your tax needs.

     

    Corporate Tax

    Tax compliance

    Sound and timely compliance is the bedrock of any function within an organisation or group that is responsible for tax matters. Not only does it minimise risks, but without it, meaningful tax planning is difficult or impossible. We provide a full suite of tax compliance services for Singapore companies.

    General tax advisory

    We can assist you in relation to either ad hoc tax related questions, or provide full-blown written technical analyses of a proposed transaction, structure, or arrangement.

    International tax

    Many businesses these days operate across borders, and accordingly the tax issues involved can be complex. We can assist you in charting these issues and help you put together a legal and operating structure which minimises tax risks and maximises opportunities. More specifically, the areas on which we can provide assistance as follows

    Group reorganisations

    We can assist with business reorganisations within a Singapore context, which may involve business or shareholder transfers, amalgamations, share capital reductions or liquidations

    Transfer pricing

    Transfer pricing is rapidly becoming the hottest of the many tax topics that require the attention of those responsible for tax management in a multi- national organisation. We can assist in identifying issues, formulating and defending transfer pricing strategy and policy, and collation and maintenance of the necessary documentation. 

    Mergers and acquisitions

    We can provide tax support in relation to all M&A activity, including:

    Dispute resolution

    Whilst it is true to say that the Inland Revenue Authority of Singapore are one of the most reasonable and pragmatic tax authorities around, there will inevitably come a time in every business’s life, that a dispute will arise over the interpretation of tax law.

    Our dispute resolution services draw on the experience of dealing head-on with difficult tax positions with HMRC in the UK, the ATO in Australia and the IRAS in Singapore. You will not find better resources to help you with tactics, technical analysis and argumentation when these situations arise.

    Tax accounting

    Accounting for taxes can be an expensive and time consuming part of the preparation of any statutory accounts or audit, and it is surprising how little communication there is between external Tax Department and Audit team to make sure that nothing falls through the cracks. Our tax accounting services provide cradle-to-grave preparation of the tax numbers for statutory accounts purposes, from current tax computation, through deferred tax to tax reconciliation to make sure nothing is missed. We can work simply on a materiality basis for the purposes of statutory accounts, or use this process as part of the preparation for the actual income tax computations should you be using our services for that purpose.

    Industry specialisms

    In addition to the generalist tax services provided above, we also have, inter alia, significant experience in the following industries:

    Tax incentives from strategy to application

    Singapore has a significant number of tax incentives on offer to encourage foreign investment and innovation. We can assist you in determining the most appropriate incentive that maybe available to you, as well as help you with the application process.

     

     Goods and Services Tax

    At only 7%, Singapore’s Goods and services Tax rate might seem relatively innocuous by international standards, however getting it wrong can nevertheless turn out to be costly. This stems largely from the fact that GST is self assessed, and its application is devolved to the frontiers of the business where central monitoring and control can prove difficult. So get it wrong once, and you get it wrong again…. and again. We can assist with the following:


    Personal tax

    Although personal tax in Singapore can be relatively straightforward, there are complications that can arise, particularly in the context of share option and other incentive plans, benefits in kind and international transfers, which may require co-ordination with other jurisdictions. We can provide the following services in this area:

     

    Stamp duty

    Nowadays, Stamp duty affects, essentially, only Singapore real estate and shares in private Singapore companies, however it is built on archaic legislation and precedent that can throw up some surprises. There are also opportunities for avoiding it in group reorganisation situations. We can help you with:


     

    Training

    Quality is what being a tax professional is all about (whether in practice or industry). Our practical experience and years of imparting the knowledge gained, on professional staff, both in a formal and on-the-job setting, puts us in an excellent position to train your staff in any and all aspects of taxation mentioned above.

    Technical quality is nought however, without an ability to communicate the advice clearly and succinctly, and this is an area, sadly, that is too often overlooked. Poorly structured and expressed technical opinions undermine the recipient’s confidence in those expressing them, as well as increasing financial risk. We have therefore devised a course to address the most common failings in a tax advisory context.  

    We are happy to tailor courses for your specific needs.


    Virtual Tax director

    The virtual tax director is aimed at businesses that need high quality, experienced, quick turnaround, tax input, but not on a day-to-day basis. The virtual tax director is there to bounce ideas off, get direction from and keep your other tax advisors honest.

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