Tax

The tax landscape has changed dramatically over the last half decade. The tax regulatory regime has become increasingly transnational as it addresses unfair tax advantages engineered by global and multinational enterprises. This has been exacerbated by the digitalization of economies and businesses and the inadequacy of existing domestic tax legislation in addressing the challenges arising therefrom. This has culminated in the OECD/G20 led Inclusive Framework on Base Erosion and Profit Shifting (“BEPS”) initiative, with more than 140 countries and jurisdictions working together to implement 15 Actions to tackle tax avoidance, improve the coherence of international tax rules, ensure a more transparent tax environment and address the tax challenges arising from digitalisation.

The corollary to this tax development is that governments and tax authorities across jurisdictions are working in closer tandem with the common objective of eliminating tax avoidance, exchanging information to achieve transparency and adopting a more unified tax approach through modification of their respective domestic tax legislation to embrace international tax agreements and rules. As a consequence, companies and businesses, both domestically and globally, are required to understand and deal with multiple tax regulations and ever-increasing complex tax rules. It is, therefore, pertinent that companies develop bespoke tax strategies that are both relevant and compliant with tax regulatory requirements with regard to their businesses. SW in Singapore is resourced by qualified tax professionals that boast decades of tax experience, singly or cumulatively. The Tax Practice is comprehensive and is organized into professional teams, each specializing in specific areas of taxation. With the necessary technical skills and industrial expertise, the SW Singapore Tax Practice is in a position to offer the necessary guidance and support to enterprises and businesses. Additionally, as SW Singapore is an integral part of the international SW network, its access to the SW International global management platform, integrated operational system and overseas offices, allows the Tax Practice to leverage on these network advantages and enable it to provide and deliver seamless transnational tax solutions and international tax advice to regional and international enterprises.

The SW Singapore Tax Practice, therefore, offers a broad range of tax advisory services based on our client’s specific circumstances, financial objectives and needs. At its core, we provide comprehensive tax support from the basic tax compliance to settlement of disputes with local tax authorities, formulation of cross-border corporate structure or regional operations from a tax efficient but practical perspective, and advising corporate senior executives or high net worth individuals on their tax mitigating opportunities. SW Singapore can help you gain an in-depth and up-to-date understanding of rapid-changing tax rules, meet international compliance requirements, develop practical tax solutions and manage tax liabilities, with the objective of achieving tax efficiency and compliance on an ethical basis as demanded by the tax landscape we currently operate in.