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Tax Compliance Services
At Ascentium, we understand the pivotal role that tax compliance plays in maintaining business integrity and success.
Supported by InCorp Global, a wholly owned subsidiary of Ascentium with decades of experience, our fully-equipped tax compliance services are designed to deliver precise, reliable, and strategic support.
Jurisdictions We Service
Our Tax Compliance Services
Corporate Tax Service & Compliance
Tax Consulting & Advisory
Tax Report Setup
Value Added Tax (VAT) Compliance
Benefits of Using Our Tax Compliance Services
Our tax compliance services simplify your accounting processes, ensuring hassle-free adherence to tax requirements.
We ensure your business meets all tax deadlines and regulations, protecting you from penalties and ensuring compliance.
Our teams of expert international accountants provide tailored guidance, helping you navigate complex tax landscapes.
Frequently Asked Questions
Singapore’s standard corporate tax rate is 17%, applicable to both local and foreign companies.
All companies registered in Singapore, including dormant companies (unless exempted), must file annual tax returns with IRAS.
- Estimated Chargeable Income (ECI): within 3 months of financial year end
- Corporate tax return (Form C/C-S): typically due by 30 November
Hong Kong follows a territorial tax system with three main taxes:
- Profits tax
- Salaries tax
- Property tax
- 8.25% on first HKD 2 million
- 16.5% on remaining profits
No. Hong Kong taxes only income sourced within Hong Kong, subject to specific anti-avoidance rules.
Companies must submit:
- Profits Tax Return (PTR)
- Audited financial statements
- Tax computation
Key areas include:
- Corporate income tax
- Goods and Services Tax (GST)
- Transfer pricing (for international transactions)
- Withholding tax (TDS)
Corporate tax rates in India are as under:
- 22% for domestic companies (without exemptions)
- 25% for certain SMEs
- Additional surcharge and cess may apply
Corporate tax rates in Malaysia are as under:
- Standard rate: 24%
- SMEs: 17% on the first MYR 150,000 of chargeable income
Corporate tax rates in Australia are as under:
- 25% for base rate entities (small businesses)
- 30% for other companies
Yes, if annual turnover exceeds AUD 75,000.
The standard corporate tax rate is 22%.
Monthly filings for VAT and withholding taxes, and annual corporate tax returns.
The standard corporate income tax rate is 20%.
Yes, many foreign companies outsource accounting and tax compliance due to regulatory complexity.
- 25% standard corporate income tax
- 20% for small businesses meeting specific criteria
- Monthly and quarterly tax filings
- Annual income tax return
- VAT or percentage tax filings
- Double taxation
- Penalties and audits
- Reputational risk
- Restrictions on operations