Tax obligations of partnerships

Basic guide for partnerships

A checklist of things to do for partnerships

Types of partnerships

Definition, tax obligations and filing procedures of different types of partnerships

Responsibilities of precedent partners

Things to note for precedent partners, from filing Form P to informing IRAS of a change in partners

Withholding tax

The requirement to withhold tax is waived for partnerships with at least one resident partner

Income from property rented out (for partnerships)

Declare rental income derived by your partnership

Keeping proper records and accounts

Retain accounting records and supporting documents for five years

Tax obligations of foreigners ceasing business or leaving Singapore permanently

Contact IRAS one month before your expected date of departure

Tax obligations of partnerships closing down (striking-off/de-registering)

Partnerships must pay outstanding taxes and fulfil all tax obligations