Tax Lawyer Singapore
Tax law is an area of legal practise that deals with the taxation system of a specific jurisdiction. A tax lawyer is highly knowledgeable of constitutional, common-law, statutory, and regulatory taxation rules.
Tax lawyers assist clients in tax litigation, transaction tax, and resolution of tax disputes. They also provide valuable advice on commercial tax risk management and private wealth planning. In addition to private individuals, tax lawyers also represent banks, trust companies and service providers on their fiduciary and regulatory obligations.
Tax lawyers have in-depth expertise in all aspects of the Singapore taxation system but usually specialise in one of the following fields:
- Transaction tax
- Goods and services tax (GST)
- Stamp duty and property tax
- Tax disputes
Tax lawyers may help clients understand and plan for tax implications that are related to commercial transactions.
Goods and services tax (GST)
Another common task of tax lawyers is to advise clients on supply services, zero-rating of international services, research grants, sponsorships and gifts, special GST programs, or sale of their business.
Stamp duty and property tax
Tax lawyers who specialise in this field are able to provide clients with comprehensive advice on Singapore stamp duty laws for commercial and real estate transactions. They also handle issues that are related to property tax.
Specialised tax lawyers may serve as counsel for clients who are involved in tax issues related to income tax, GST, stamp duty, property tax, and tax treaty while also resolving disputes with the IRAS.
Trust and private wealth
Tax lawyers who are also trust lawyers advise companies on management and ownership transition. Tax lawyers who are also private wealth lawyers advise families on the creation of multi-generational trusts as well as succession planning.