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Corporate Income Tax

Corporate tax compliance and advisory for Singapore companies — accurate, strategic.

Corporate Income Tax

Overview

Corporate income tax compliance in Singapore requires timely filing, accurate financial reporting, and a clear understanding of IRAS regulations.

Aquila Veritas provides structured corporate tax services to ensure your company meets all statutory obligations under the Income Tax Act while optimising available tax reliefs and exemptions.

Our role extends beyond tax form preparation. We assess your tax position, review financial statements for tax adjustments, and advise on planning opportunities to manage exposure responsibly and compliantly.


Scope of Services

  • Preparation and filing of Estimated Chargeable Income (ECI)
  • Preparation and submission of Form C-S / Form C
  • Corporate tax computation and supporting schedules
  • Review of tax adjustments and capital allowances
  • Start-Up Tax Exemption (SUTE) advisory
  • Partial Tax Exemption (PTE) assessment
  • Group relief advisory (where applicable)
  • IRAS query handling and correspondence
  • Tax residency certification support

Benefits & Value

1
Technical Tax Expertise: Application of the Singapore Income Tax Act and IRAS e-Tax Guides to ensure accurate and compliant tax treatment.
2
Structured Tax Computations: Detailed reconciliation between SFRS financial statements and tax-adjusted profit computations.
3
Risk Management Approach: Identification of exposure areas and documentation of supportable tax positions.
4
Integrated Accounting Alignment (Xero-Compatible): Alignment between accounting records, including Xero-based ledgers, and tax filings to minimise discrepancies.
5
Strategic Tax Planning: Proactive advisory on exemptions, capital allowances, loss utilisation, and timing considerations.

Our Process

1
Financial Review: Analyse financial statements and trial balance to identify tax adjustments and deductible items.
2
Tax Computation Preparation: Prepare detailed corporate tax computation including add-backs, deductions, capital allowances and exemptions.
3
ECI Filing: Submit Estimated Chargeable Income within 3 months from financial year end, unless exempted.
4
Form C-S / Form C Submission: File the annual corporate tax return within statutory deadlines.
5
IRAS Liaison: Manage clarifications, respond to IRAS queries, and support audit engagements where necessary.

Frequently Asked Questions

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