Singapore Financial Planners

For most of us living, working and doing business in Singapore, we would probably have received notices from the Inland Revenue Authority Singapore (IRAS) reminding us to file our individual income tax return yearly. However, do you actually understand how your income tax return is calculated? Do you know the types of tax deductions and personal reliefs you can receive to reduce your tax payables? Want to find out how you can maximise these tax savings and obtain tax efficiency? This is where tax planning comes in!   What is individual tax planning? Individual tax planning is the process of obtaining tax efficiency for an individual by optimising the current tax policies offered. Tax planning requires the careful analysis of a person’s financial position and plan from a tax point of view, so as to maximise the tax deductions, reliefs, and exemptions allowed. Timing of important dates, such as filing date, basis period, and payment date during the tax seasons are also taken in...