All Posts

If your company has employees in Singapore, you may be required to participate in the Auto-Inclusion Scheme (AIS)  and submit employee income details to IRAS using Form IR8A . What Is the Auto-Inclusion Scheme (AIS)? The Auto-Inclusion Scheme (AIS)  is an IRAS initiative where employers submit employees’ income information directly to IRAS  electronically. Once submitted IRAS will automatically pre-fill the income details. What Is Form IR8A? Form IR8A  reports an employee’s:

What is Estimated Chargeable Income (ECI)? ECI is an estimate of your company’s taxable income  for a Year of Assessment (YA), before deducting tax exemptions . In simple terms, it represents - Your company’s profit after tax adjustments , but before corporate tax exemptions . When Must ECI Be Filed? ECI must be filed within 3 months from the end of your company’s financial year . For example: Financial year end: 31 December 2025 ECI filing deadline: 31 March 2026 Can My Comp

Why Xero Is a Game Changer for Modern Businesses in Singapore In today’s fast-paced business environment, efficiency, accuracy, and real-time insights are no longer a luxury - they are a necessity. This is where Xero , a cloud-based accounting software, comes in as a powerful solution for businesses of all sizes. At Swift Balance Pte Ltd , we work closely with clients who use Xero to streamline their accounting processes and gain better financial visibility. Here’s why Xero h

Singapore offers one of the most attractive corporate tax systems in the world — a flat 17% corporate tax rate , generous tax exemptions, and multiple incentive schemes to help businesses grow. If you run a company in Singapore, proper tax planning can significantly reduce your tax bill while ensuring IRAS compliance. Below are the most effective strategies to reduce corporate tax in Singapore , with detailed explanations to help business owners understand how to maximise sav

Goods and Services Tax (GST) is a significant aspect of Singapore's tax system. As of 2025, several updates and changes have been...

Hello and welcome! We’re excited to launch the official Swift Balance  blog — your go-to resource for practical insights, updates, and...