Tax Planning

Tax Services

We help companies properly handle Singapore and cross-border tax affairs, reduce risks, and achieve compliant tax savings. Our services include:

  • Corporate Tax: This is a core national tax in Japan, levied primarily on the taxable income of businesses. Different tax rates apply depending on the company’s size and capital. For example, small and medium-sized corporations may enjoy a preferential tax rate of 15% on taxable income within a certain limit, while the standard tax rate for general companies is approximately 23.2%.
  • Local Corporate Tax: Also a national tax, it is calculated and levied based on the corporate tax amount (currently levied at approximately 10.3%).
  • Corporate Inhabitant Tax: This is a local tax levied by local governments on corporations within their jurisdiction. The calculation of this tax is more complex, typically consisting of two parts: a percentage portion calculated based on the corporate tax amount (corporate tax portion) and a fixed amount set according to the company’s size (equal portion).
  • Corporate Enterprise Tax: This is a local tax levied by local governments primarily based on the company’s income or annual revenue.
  • Special Corporate Enterprise Tax: This is a national tax. It is calculated based on corporate enterprise tax and is usually paid together with the corporate enterprise tax declaration.

Kindly contact us to explore tax planning solutions designed to support your business goals.

MSMC ASIA

#19-06 160 Robinson Rd, SBF Center, Singapore 068914