Tag: Tax reduction strategies Singapore

Smart Ways to lower Your Income Tax Bill in Singapore

Here are some smart and simple ways for Singapore residents, how they can legally reduce his/her income tax bill in Singapore. Earned income relief Income tax relief of between $1,000 and $8,000 is available if you have taxable income from employment, a pension, or a trade, business or profession. The relief increases from $1,000 for […]

How to save on Business Taxation in Singapore?

In general, deductible business operating expenses are those entirely and absolutely incurred in the production of income. The Singapore government has allowed for tax deductions on several areas of operations for businesses, and ignoring them is as good as leaving money on the table. Here are some of the most commonly overlooked areas: Office Renovations […]