The tax compliance function in Singapore involves ensuring that a company meets its tax obligations under the local tax laws and regulations. It includes activities such as preparing and filing tax returns, calculating and paying taxes, and managing tax risks.

In Singapore, companies are required to comply with various tax obligations, such as corporate income tax, goods and services tax (GST), and withholding tax. The tax compliance function is responsible for managing these obligations, ensuring that the company is compliant with tax laws and regulations, and minimizing tax liabilities.

The tax compliance function typically involves the following tasks:

1. Record-keeping: The tax compliance function maintains accurate records of all financial transactions related to taxes, including income, expenses, and deductions.

2. Tax preparation: The tax compliance function prepares and files tax returns, ensuring that all required forms and schedules are completed accurately and on time.

3. Tax payment: The tax compliance function calculates and pays taxes owed, including estimated taxes and any penalties or interest assessed.

4. Tax planning: The tax compliance function works with other departments in the company to develop tax planning strategies, such as identifying tax credits and deductions that can be taken advantage of to minimize tax liabilities.

5. Tax risk management: The tax compliance function identifies and manages tax risks, such as compliance risks or audit risks, to ensure that the company is in compliance with local tax laws and regulations.