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IRAS updates guidelines on foreign income and tax residency in Singapore
IRAS updates guidelines on foreign income and tax residency in Singapore

The Inland Revenue Authority of Singapore (IRAS) recently…

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New CSP bill seeks to tighten rules on business services
New CSP bill seeks to tighten rules on business services

The Monetary Authority of Singapore (MAS) and Accounting and…

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Increase in threshold for GST error correction
Increase in threshold for GST error correction

In recognition of the hike in GST to 9% from 1 January 2024..

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EP qualifying salary to increase from 1 January 2025
EP qualifying salary to increase from 1 January 2025

In line with the Government’s efforts to ensure that Singapore’s…

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Budget 2024 gives businesses help and boosts Singapore’s attractiveness
Budget 2024 gives businesses help and boosts Singapore’s attractiveness

Singapore’s Deputy Prime Minister and Finance Minister Lawrence…

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Compliance guide for companies under PDPA
Compliance guide for companies under PDPA

The Personal Data Protection Act 2021 (PDPA) was passed in…

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ACRA issues area of focus for FY2023 Financial Statements
ACRA issues area of focus for FY2023 Financial Statements

As part of its Financial Reporting Surveillance Programme, ACRA…

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Singapore still committed to counter money laundering and terrorism financing
Singapore still committed to counter money laundering and terrorism financing

Being a financial hub with an open economy and banking system, Singapore…

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Living and working in Singapore
Living and working in Singapore

Since the end of COVID-19 restrictions worldwide, Singapore has once again…

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Determining Tax Residency in Singapore
Determining Tax Residency in Singapore

For many years, many foreigners viewed Singapore as a base for business expansion in…

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Companies must issue itemised payslips to employees
Companies must issue itemised payslips to employees

Under the Employment Act, all companies must issue all employees covered under the Act with…

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Taxable and non-taxable income in Singapore
Taxable and non-taxable income in Singapore

The income tax regime in Singapore is progressive and generally easy for most people to understand…

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GST Rate to increase to 9% on 1 January 2024
GST Rate to increase to 9% on 1 January 2024

The Goods and Services Tax (GST) rate will increase from 8% to 9% from 1 January 2024…

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MAS to eliminate corporate cheques end of 2025
MAS to eliminate corporate cheques end of 2025

The Monetary Authority of Singapore (MAS) recently announced that by the end of 2025, all corporate cheques will be eliminated…

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MAS mulls revised framework for SFOs to combat money laundering
MAS mulls revised framework for SFOs to combat money laundering

In its ongoing efforts to combat money laundering in the country, the Monetary Authority of Singapore (MAS) is proposing…

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Singapore ranks tops in government effectiveness
Singapore ranks tops in government effectiveness

Singapore was ranked number one in government effectiveness in the 2023 Chandler Good Government Index…

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Registering Trade Marks to Protect Business Identity
Registering Trade Marks to Protect Business Identity

A key consideration for starting a business in Singapore is the ability to protect the intellectual property and identity of the business…

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MAS updates tax schemes for family office Singapore
MAS updates tax schemes for family office Singapore

The Monetary Authority of Singapore (MAS) announced changes to qualifying criteria for single…

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ACRA launches trustBar verification service
ACRA launches trustBar verification service

ACRA has launched a new verification service called trustBar to increase the reliability and trustworthiness of its Business Profiles and Business certificates…

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ACRA introduces download page to combat phishing scams
ACRA introduces download page to combat phishing scams

To combat the increase in phishing scams, ACRA has discontinued providing a download link for customers purchasing its information products…

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Number of Family Offices in Singapore set to grow
Number of Family Offices in Singapore set to grow

In today’s fast-paced world and business environment, more high-net-worth families are…

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Singapore to launch COMPASS for EP applications
Singapore to launch COMPASS for EP applications

To ensure that Singapore attracts high-quality candidates to seek work in here, the Ministry…

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Increase to CPF Ordinary Wage Ceiling
Increase to CPF Ordinary Wage Ceiling

Starting from 1 September 2023…

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Singapore’s accountancy-related functions and regulations consolidated under ACRA
Singapore’s accountancy-related functions and regulations consolidated under ACRA

To strengthen the effectiveness of regulations…

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Government reduces support level for PSG and EDG
Government reduces support level for PSG and EDG

With effect from 1 April 2023…

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Tax planning helps reduce your personal tax bill
Tax planning helps reduce your personal tax bill

Personal tax season is upon us…

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Budget 2023 measures to support businesses
Budget 2023 measures to support businesses

During the Budget Statement 2023..

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IRAS announces additional benefits for seamless filing by software
IRAS announces additional benefits for seamless filing by software

The Inland Revenue Authority…

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ACRA highlights areas for focus for FY2022
ACRA highlights areas for focus for FY2022

As 2023 kicks into gear after…

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Increase in Central Provident Fund (CPF) rates for those 55 to 70 years old
Increase in Central Provident Fund (CPF) rates for those 55 to 70 years old

From 1 January 2023, CPF contribution…

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Transitional Rules for 8% Goods and Services Tax (GST) from 1 January 2023
Transitional Rules for 8% Goods and Services Tax (GST) from 1 January 2023

The Goods and Services Tax (GST)…

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Companies should be prepared for GST hike on 1 January 2023
Companies should be prepared for GST hike on 1 January 2023

From 1 January 2023, Singapore’s…

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ACRA launches RONS requirements
ACRA launches RONS requirements

To enhance Singapore’s corporate…

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Career Conversion Programmes benefit employers
Career Conversion Programmes benefit employers

Companies looking to top up…

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Launch of ONE Pass and EP updates
Launch of ONE Pass and EP updates

With the opening up of borders…

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Latest changes to Employment Pass and S Pass requirements
Latest changes to Employment Pass and S Pass requirements

With effect from 1 September 2022…

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Digital banks – the new frontier in corporate banking
Digital banks – the new frontier in corporate banking

The world is changing quickly…

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Filing XBRL with ACRA
Filing XBRL with ACRA

All Singapore-incorporated…

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Filing obligations of dormant companies
Filing obligations of dormant companies

Many company owners and…

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Cloud accounting: the way into the future
Cloud accounting: the way into the future

ARE YOU READY TO GO DIGITAL?…

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Responsibilities of GST-Registered Businesses
Responsibilities of GST-Registered Businesses

All companies and businesses…

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Singapore phasing out use of Common Seal
Singapore phasing out use of Common Seal

After setting up company in…

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Register of Nominee Directors (ROND)
Register of Nominee Directors (ROND)

Following our previous article…

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Factors to consider when choosing Financial Year End (FYE)
Factors to consider when choosing Financial Year End (FYE)

One of the first major decisions of…

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Why do businesses need accounting services?
Why do businesses need accounting services?

In a nutshell, accounting can be…

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Guide to starting a Singapore business
Guide to starting a Singapore business

Quick tips to start your business Looking…

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Payment of dividends for Singapore companies
Payment of dividends for Singapore companies

Dividends are paid to shareholders…

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The benefits of cloud accounting
The benefits of cloud accounting

As the digital age progresses…

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Maintaining proper accounting records and documents
Maintaining proper accounting records and documents

The ability to maintain proper…

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Directors’ income in Singapore
Directors’ income in Singapore

Directors of companies play an…

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Singapore budget 2022 and how it affects local businesses
Singapore budget 2022 and how it affects local businesses

The Singapore Budget 2022…

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The basics of personal income tax in Singapore
The basics of personal income tax in Singapore

All individuals residing in Singapore…

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Employers required to provide employee income information by 1 March
Employers required to provide employee income information by 1 March

Under the Income Tax Act, all…

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New penalties for late filing of annual returns from 14 January 2022
New penalties for late filing of annual returns from 14 January 2022

With effect from 14 January 2022…

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GST chargeable on imported goods below S$400 from 1 January 2023
GST chargeable on imported goods below S$400 from 1 January 2023

The Singapore government recently…

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The basics of financial statements for companies
The basics of financial statements for companies

Financial statements (FS) give…

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Who to inform when a company changes its name
Who to inform when a company changes its name

Many business owners start their…

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Register of Registrable Controllers (RORC)
Register of Registrable Controllers (RORC)

To make Singapore a more…

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Goods and Services Tax (GST) basics for businesses in Singapore
Goods and Services Tax (GST) basics for businesses in Singapore

Goods and Services Tax (GST) basics for…

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Registering addresses for businesses in Singapore
Registering addresses for businesses in Singapore

Registering addresses for businesses in…

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Changes to Central Provident Fund (CPF) contribution rates and Auto-Inclusion Scheme (AIS)
Changes to Central Provident Fund (CPF) contribution rates and Auto-Inclusion Scheme (AIS)

Benefits, Registration, Annual Compliance…

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Singapore private limited company registration & compliance
Singapore private limited company registration & compliance

Benefits, Registration, Annual Compliance…

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Important checklist after setting up company in Singapore
Important checklist after setting up company in Singapore

Now that you have incorporated your company…

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Cloud accounting services can help impact climate change
Cloud accounting services can help impact climate change

Traditionally, companies need to purchase…

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Compliance timeline for Singapore companies
Compliance timeline for Singapore companies

Compliance Timeline for Singapore Companies

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Government agencies businesses should know
Government agencies businesses should know

Singapore government agencies every…

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