TAX PLANNING

Tax planning is a strategy used by businesses in order to reduce their tax liability. However, given the Inland Revenue Authority of Singapore (“IRAS”) authoritative scrutiny of companies for corporate tax compliance, this strategy is becoming much more complex. Paying taxes is compulsory for all persons and businesses in Singapore. There are various types of taxes such as income tax which is levied on individuals and companies, property tax which is paid by rental owners depending on the amount of rent they get, goods and services tax (GST) which is levied on all goods and services among other taxes.

361DC offers restructuring remuneration packages of Directors and salaried Employees to optimise tax efficiencies; maximising deductible expenses incurred during the course of your business; capitalising on personal tax reliefs, balancing between personal and corporate tax rates and other non-exhaustive advisory matters.