will i still pay taxes when my company went bankrupt?
A lot of entrepreneurs are building their own printing company and one of those entrepreneurs include me. But of course, there are some things that are inevitable. I have been scammed and I invested to this company. It turns out that they are those scammers that always get away because of their good defense and highest quality lawyers. I have no choice but to close my company because it went bankcrupt. And that is why I'm wondering if I'm still going to pay my taxes.
Search other products or providers:
No Name
A debtor can voluntarily file for bankruptcy in Singapore if they owe and cannot repay debts of at least S$15,000. If the debtor is declared bankrupt, their assets will be sold and the proceeds put into a bankruptcy estate. This excludes any assets that are protected from bankruptcy, such as HDB flats.