Compliance & Statutory
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1. Compliance with Accounting Standards:
We assist clients in complying with the Singapore Financial Reporting Standards (SFRS) and other applicable accounting standards. Our services include:
Preparation of financial statements in compliance with the SFRS and Companies Act.
Implementation of new accounting standards.
Compliance with specific industry accounting standards, such as those applicable to financial institutions and insurance companies.
Guidance on accounting policies, treatment of complex transactions, and disclosure requirements.
2. Tax Compliance Services:
Our compliance services encompass the fulfillment of tax obligations under the Singapore tax regime. Our scope includes:
Preparation and submission of corporate tax computations and tax returns to the Inland Revenue Authority of Singapore (IRAS).
Compliance with Goods and Services Tax (GST) regulations, including the preparation and filing of GST returns.
Assistance with tax planning, ensuring tax efficiency and compliance with applicable tax laws and regulations.
Collaboration with tax authorities during tax audits, addressing queries, and providing necessary documentation.
3. Regulatory Compliance:
We support clients in meeting regulatory compliance requirements imposed by various authorities in Singapore. Our services include:
Compliance with the requirements of the Monetary Authority of Singapore (MAS) for financial institutions and capital markets entities.
Assistance with compliance reporting to regulatory bodies such as the Accounting and Corporate Regulatory Authority (ACRA) and the Singapore Exchange (SGX).
Preparation and submission of statutory reports and surveys required by regulatory authorities.
Compliance with specific industry regulations, such as those applicable to insurance, banking, and fund management.
4. Employment Compliance:
We assist clients in meeting employment-related compliance requirements in Singapore. Our services include:
Compliance with the Employment Act, ensuring adherence to statutory requirements related to employment contracts, working hours, leave entitlements, and termination.
Preparation and filing of employment-related tax forms, such as Form IR8A for employee remuneration reporting.
Guidance on compliance with Central Provident Fund (CPF) requirements, including CPF contributions and filings.
Our compliance and statutory services aim to support clients in meeting their regulatory and statutory obligations. Trust our expertise to navigate the complex compliance landscape, mitigate risks, and ensure your organization's adherence to the regulatory framework in Singapore.