In Singapore, to submit small business taxes, you need to file your tax returns and related reports to the Inland Revenue Authority of Singapore (IRAS). This includes:
- Corporate Wage Charge:
- Businesses must file their yearly corporate salary assessment returns utilizing the Form C-S (for less complex cases) or Form C (for more complex cases) through the IRAS e-Services entrance.
- The due date for recording corporate charge returns is more often than not 30 November of the year taking after the conclusion of the money related year.
- Goods and Services Tax (GST):
- On the off chance that you enlisted for GST, you wish to file GST returns quarterly or half-yearly by means of the IRAS e-Services entrance.
- GST returns ought to be recorded inside one month after the conclusion of the bookkeeping period.
- Yearly Recording Necessities:
- Guarantee you record exact budgetary explanations and supporting records in compliance with Singapore Financial Reporting Standards (SFRS) or other significant benchmarks.
- Keep detailed records of income and expenses to support your tax filings.
- Punishments for Late Recording: Late recording or disappointment to record can result in punishments and fines. It’s pivotal to follow due dates to dodge extra costs.
For comprehensive direction, refer to the IRAS site or counsel a charge proficient to guarantee all recording necessities are met accurately.