New Singapore Tax Calculator Enables Entrepreneurs To Compare Taxes in Singapore With Those In Other Countries 0
New Singapore Tax Calculator Enables Entrepreneurs To Compare Taxes in Singapore With Those In Other Countries
(PRWEB) January 12, 2010
GuideMeSingapore.com, a leading information portal about Singapore, has just released a first of its kind online tax estimation tool for comparing Singapore taxes with those of other countries. Targeted towards global entrepreneurs who may be exploring relocation to a tax friendly jurisdiction, the newly released Singapore tax calculator estimates the total tax burden on an entrepreneur including taxes at the corporate and personal level. The calculation engine models the tax policies of several countries and provides a comparison in an easy to understand format.
Melody Tan, the Manager of Tax and Accounting Services at Janus Corporate Solutions, the parent company of GuideMeSingapore.com said, “The Singapore tax calculator is the result of 6 months of intensive collaboration between our tax experts and our software development team. Tax savings are an important consideration for our clients as they evaluate relocation to Singapore. With the release of this new tool, our clients are not only able to gain an immediate insight into the amount of Singapore taxes they will pay once they relocate to Singapore, they will also be able to see how these taxes stack up against those in their current jurisdiction.”
Ms. Tan added, “When designing the tax calculator, we had to strike a fine balance between ease of use and the exactness of the estimated taxes. The tax calculator is meant for general guidance only and not as a replacement for professional advice. While the tax estimation tool incorporates the major tax policies of countries included in the analysis, it ignores some of their esoteric nuances.”
One of the key features of the tax calculator is its simplicity of use. The user only needs to provide basic information such as the anticipated corporate profit for their firm, their income from salary and any expected capital gains. Using this information and the applicable tax rules, the tax calculator provides a side-by-side comparison of the overall tax amount the business owner will have to pay in Singapore with that in another country. The calculator does not require the user to provide any personal or other confidential information.
Behind the scene, it employs a sophisticated tax estimation engine that takes into account the tax policies of different countries. The calculator estimates corporate taxes, dividend taxes, personal income taxes, and capital gains taxes, thus providing a complete picture of the total tax burden and the post-tax take-home income. Furthermore, it is designed to perform the analysis in a variety of different currencies using real-time exchange rates so that the user can choose to enter data and receive tax amount information in the currency of their choice.
The tax calculator is available at http://www.guidemesingapore.com/singapore-tax-calculator.
About GuideMeSingapore.com
GuideMeSingapore.com is a unit of Janus Corporate Solutions Pte Ltd – a Singapore-based firm that provides Singapore company incorporation, Singapore taxation, and Singapore immigration services for organizations and individuals worldwide.
Media Contact:
Andrew Chen
Phone: +65 6222 7445
Web: http://www.guidemesingapore.com/
Janus Corporate Solutions Pte Ltd
16 Raffles Quay #32-04
Hong Leong Building
Singapore 048581
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