Tax Services
At Ledgen Group, we provide an extensive range of tax services designed to meet the needs of individuals and businesses alike. Our experienced team of tax professionals is dedicated to delivering accurate, timely, and personalized solutions to ensure your financial obligations are met efficiently and effectively
Corporate Tax Services
Ledgen’s comprehensive Corporate Tax Services are designed to help businesses navigate the complexities of tax regulations and optimize their tax strategies. We offer tailored solutions that align with your company’s financial goals, ensuring compliance with local and international tax laws while maximizing tax efficiency. From tax planning and risk management to compliance and reporting, our team of experienced tax professionals provides expert guidance every step of the way. Partner with us to ensure your business is well-prepared for today’s dynamic tax environment.
Individual Income Tax Services
Our individual income tax services are tailored to help you navigate the complexities of tax laws and regulations. Whether you’re a salaried employee, self-employed, or have multiple income streams, we ensure your tax returns are prepared accurately and filed on time.
Our services include:
- Tax return preparation and filing
- Tax planning and advice
- Assistance with tax audits and notices
- Maximizing deductions and credits
GST Services
Managing Goods and Services Tax (GST) can be challenging for businesses. At Ledgen Group, we offer expert GST services to help you comply with all GST regulations and optimize your tax position.
Our GST services include:
- GST registration and compliance
- Preparation and filing of GST returns
- GST planning and advisory
- Assistance with GST audits and disputes
Why Choose Ledgen Group?
Dealing with the intricacies of both corporate and personal tax requirements for your team across various Asian countries can be daunting. Ledgen Group steps in to offer you a stress-free experience by expertly handling these complex tax issues on your behalf.
When you choose Ledgen Group, you unlock access to our comprehensive range of personal tax services, corporate tax services, and tax services in general. Their dedicated team of tax specialists boasts a thorough and continually updated knowledge of tax regulations and compliance, ensuring your company remains in line with the latest tax guidelines. Rely on Ledgen Group to manage your tax affairs, allowing you to concentrate on growing your business with the assurance of being fully tax compliant.
Choosing Ledgen Group for your tax services means partnering with a team that is committed to your financial success. We stay up-to-date with the latest tax laws and utilize advanced software to ensure accuracy and efficiency. Our personalized approach means we take the time to understand your unique situation and provide solutions that are tailored to your needs.
We can assist you with the following:
Corporate Tax
✓ Prepare and file estimated chargeable income and annual income tax returns
✓ Verify assessments issued by local tax authority, lodging objections and submission of appeals
✓ Handle investigations and queries raised by local tax authority
✓ Handle withholding tax compliance
✓ Handle voluntary disclosure and compliance
✓ Apply for Certificate of Residence, tax incentives and advance ruling for proposed business arrangements
✓ Perform tax due diligence on potential acquisition targets
✓ Advising on tax implications for:
a) Mergers, acquisitions and restructuring
b) Proposed business contracts, transactions or arrangements
c) Financing arrangement structures for investments
Personal Tax
✓ Prepare and file annual tax return
✓ Verify assessments issued by local tax authority, lodging objections and submission of appeals
✓ Handle investigations and queries raised by local tax authority
✓ Obtain tax clearance for expatriates
✓ Handle voluntary disclosure and compliance
Goods and Services Tax (GST) (if applicable)
✓ Review or prepare and file GST returns
✓ Verify assessments issued by local tax authority, lodging objections and submission of appeals
✓ Perform GST compliance review and health check
✓ Apply for registration and de-registration of GST
✓ Apply for exemption from GST registration
✓ Apply for GST incentive schemes
Our team is highly experienced in servicing the needs of individuals and companies. We can work on short notice to ensure you receive a quick turnaround. We will advise clients on tax regulation and compliance matters including internal control to facilitate compliance with the tax legislation, and on areas for improvements.
How has Ledgen Group helped our Clients?
Case Study 1: Capital gain
Our client is a Singapore investment holding company. The client disposed of its investment in shares and derived a huge gain which they opined as not taxable. Local tax authority challenged the non-taxability of the gain. We presented to local tax authority our capital gain argument relying on the “badges of trade” test and relevant documentary evidence. Our capital gain argument was successful and the client was overjoyed with the outcome.
Case Study 2: Voluntary disclosure of GST
Our client’s internal staff did not possess sufficient knowledge on GST and therefore made mistakes in their invoices to customers. We assisted our client in writing to the Comptroller of GST for voluntary disclosure for wrongful collection of GST. Our client subsequently appointed us to review its GST returns prior to submission to local tax authority.
Case Study 3: Waiver of shareholding test
Our in Singapore client in the business of trading in chemical products had huge tax losses. The unutilised tax losses can be deducted against future income if the company satisfies the shareholders’ continuity test. Our client’s ultimate holding company was acquired by another company, resulting in a substantial change in shareholders. Thus, the tax losses would be forfeited. We applied to the local tax authority to request a waiver of the shareholding test and successfully demonstrated that the substantial change in shareholders was not for deriving any tax benefit. Accordingly, our client was allowed to carry forward the tax losses subject to certain conditions.
Case Study 4: Withholding tax compliance
Our client in Singapore had a trade payable due to an overseas company and interest was charged on this overdue trade account. When preparing the annual income tax computation for our client, we discovered that the client had not reported withholding tax applicable on the interest. We advised our client to disclose the non-compliance of withholding tax via the Voluntary Disclosure Programme (VDP). With our timely disclosure of the error, no penalty was imposed by local tax authority. The client was elated with the outcome.
Get in touch and discover how we can help
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