Rikvin also assists private limited companies, subsidiary companies, and branch offices as they prepare documents to be submitted along with corresponding tax forms.

1. A Detailed Overview on Singapore Income Tax by Rikvin
July 13, 2011 - Businesses have an annual corporate income tax filing duty with IRAS every 30th of
November. Meantime, persons earning wages from employment, and earnings from enterprise, trade,
job, and profession as a colleague in a joint venture or as a sole proprietor have an annual personal
income tax filing obligation with IRAS every 15th of April.
“Within the context of investments are earnings accumulated from properties in the form or rental
charges, royalties, and premiums,” cites Rikvin, a business in Singapore assisting businesses,
businessmen, and employees in all their desires and lawful obligations.
Rikvin adds: “The personal income tax obligation shall also include revenues collected from dividends,
interests, and investment income.”
The filing of personal income tax obliges individuals earning more than S$22,001 annual, including
Singaporean people, enduring residents, and foreign employees and businessmen through work visas
such as Personalized Employment Pass, Employment Pass, and Entrepreneur Pass.
Employees await the filled-in Forms IRA8 orIR21 from their employers every 1st of March. Data that
should be declared on the said forms are the remuneration and benefits-in-kinds that every employee
relishes, date of employment, and personal details of the concerned worker.
“Before the wages is taxed, it is deducted first with costs, personal reliefs, and donations made to
trained charities,” Rikvin interprets, citing the inclusion of personal reliefs as parent relief and support of
dependents, reliefs for tuition fees and qualified techniques, earned earnings relief, premiums paid on
life protection principles, and professional development costs.
On the other hand, the costs cover the spending associated to employment and rental earnings.
Rikvin assists professionals as they compute their earnings tax. States Rikvin: “We suggest businessmen
and workers on how to save on tax. We also help in considering the applicable deductions from their
salaries or profits from swapping or vocation in computing the tax.”
Rikvin also assists private limited companies, subsidiary companies, and branch offices as they prepare
documents to be submitted along with corresponding tax forms.
“A tax computation is among the declarations to be prepared by these companies,” Rikvin extends, “it is
a declaration of income displaying the net earnings and net decrease as recorded on the company’s
account and which will help determine the amount of earnings subject for taxation.”
Another affirmation is Form C, filled-in by companies with data regarding the income from bearing on
any enterprise or swapping in Singapore.
“It carries the income announced on tax computation statement,” Rikvin adds, “Each business
regardless of the earnings will document the form C.”
Companies that have zero-income shall document a NIL Form C.

2. Both the business tax earnings and individual tax earnings services are just amidst the specializations of
Rikvin. The company, established in 1998 is a professional in business incorporation procedure for
foreign businesses, investors, and local residents. Its assistance expands after the registration. It
encompasses accounting, obtaining enterprise licenses and permits, virtual office, and search engine
optimization.
About the Publisher:
Rikvin offers business solutions for either local and foreign investors or entrepreneurs. One of its
specialties is Singapore Company Incorporation. The company has successfully help hundreds of foreign
individuals form a Singapore company. Rikvin has effectively facilitated both non-resident and resident
financiers build business firms in Singapore. Incoming calls in our phones are answered by live persons
and not by an answering machine. We recognize the importance of your time and we are aware that
technology cannot replace a person most especially, when we need to make vital business moves.
Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines: (65) 6438 8887
Fax: (65) 6438 2436
Email: info@rikvin.com
Website: http://www.rikvin.com/