Our Services

Auditing & Assurance

The Singapore Companies Act mandates every company to get their financial statements and accounting records audited by an auditor on an annual basis unless they meet the exemption requirements.

This process involves reviewing and verifying the accuracy of your financial records and ensuring that your company is compliant with the Companies Act and Singapore Financial Reporting Standards.

Apart from pointing out discrepancies, we go over and beyond for our clients by providing consultancy services as well, advising companies on ways to boost operational efficiency.

Audited reports are also essential to instill confidence and assurance in potential investors for your company.

Compilation

We help translate our clients’ financial data into financial statements that are compliant with the Companies Act and Singapore Financial Reporting Standards.

These financial statements are then collated into a single annual report that is ready to be submitted to ACRA and other governing bodies.

Taxation

If you are not a numbers person, the taxation process can be a daunting one. Not to mention that unfamiliarity with taxation can lead to financial losses and inefficiency.

With over 15 years of expertise, Legatum is highly qualified in taking over your number crunching duties.

Corporate Tax Advisory

Our experienced team will be able to assist you in handling corporate tax calculations and compliance issues. We will also do a comprehensive examination of the tax system and recommend the best options for you. We will also assess if there are avenues to reduce your corporate tax legally.

Some services include:

  • Identifying and optimising tax incentives
  • Advising tax implications on different ownership structures
  • Pre IPO and tax due diligence reviews
  • Review of tax assumptions in financial models to ensure that the tax impact is appropriate

Goods and Services Tax (GST)

Having been implemented in Singapore for over 24 years, GST comes with a long list of rules and requirements.

At Legatum, our GST specialist team will support you in your day-to-day GST tasks and ensure that your company complies with the statutory requirements. We also offer expert advice when it comes to managing GST risks.

Some services include:

Incorporation of Business

  • Identifying and optimising tax incentives
  • Advising taximplications on different ownership structures
  • Pre IPO and tax due diligence reviews
  • Review of tax assumptions in financial models to ensure that the tax impact is appropriate

GST Compliance

  • Assist with claiming of pre-registration GST
  • Review and e-filing of GST returns
  • Perform one-off GST return review
  • Perform GST health check reviews
  • Perform Assisted Self-Help Kit (ASK) reviews for the application/renewal of GST schemes/voluntary disclosure of errors
  • Perform Assisted Compliance Assurance Programme (ACAP) reviews
  • Conduct customised GST training

GST Advisory

  • Advise on GST treatment of day-to-day business transactions
  • Advise on GST implications of new business models or cross-border transactions
  • Perform due diligence reviews

IRAS Audits/Investigation

  • Manage GST audit/investigation process with IRAS
  • Assist with replies to IRAS’ queries
  • Assist with objection/appeal to IRAS’ decisions
  • E-filing of GST F7 (Disclosure of Errors on GST Return) forms

Cessation of Business

  • Apply for cancellation of GST registration
  • Advise on GST implications of GST de-registration, liquidation process
  • Advise on GST implications of the transfer of business
  • Review and e-filing of final GST returns

Personal Tax Advisory

Our experienced team will be able to assist you in handling personal tax matters and compliance issues.

We will also assess if there are avenues to reduce your personal tax legally and recommend the best options for you.

Some services include:

  • Advice on your People Mobility Policy and Tax Reimbursement Policy
  • Design and implementation of the Long/Short Term Incentive Plan (both cash and shares settled plans)
  • Tax advice on various hiring arrangement of your employees
  • Assist employers to remediate with the IRAS incorrect remuneration reporting on employer’s return (IR8E/IR21)
  • Assist employers in the remediation of incorrect contributions with the CPF Board

Transfer Pricing

Transfer pricing refers to determining the price of goods and services transacted between related entities. IRAS mandates that the arm's length principle should be adopted for transfer pricing between related parties.

What is the arm’s length principle? It is a statutory requirement that transfer prices between related parties must be equivalent to prices that unrelated parties would have charged in the same or similar circumstance.

Our team will not only walk you through this process but will also prepare the transfer pricing documentation for validation that the related party transactions were conducted at arm’s length.

At Legatum, we take great pride in doing the due diligence, and making sure  your records are accurate, consistent and compliant with the Companies Act and Singapore Financial Reporting Standards, so you can focus on your business.

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