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Industry Insights

Keep up to date with the latest news surrounding Singapore's tax and company laws.

New requirements to lodge information on Singapore's register of registrable controllers

July 20, 2020
In addition with the existing requirement to maintain the Registers of Registrable Controllers (“RORC”) at registered office,  Accounting and Corporate Regulatory Authority (“ACRA”) has an additional requirement for all companies, foreign companies and Limited Liability Partnerships (“LLP”), unless exempted, to lodge information on the register with ACRA via BizFile+ in July 2020.  ACRA will provide […]
Written by
Teck Seng
Corporate Secretarial

What is Cloud Accounting

May 7, 2020
Cloud accounting is accounting using software accessed over the internet that is hosted remotely on the cloud. All functions are performed off-site and users access the applications remotely through the internet.  Why cloud accounting? Nothing to install. Access financial data in one place online. Free and instantly updates. Real-time insights. Capture, track, and manage accounts with ease […]
Written by
Jie Ting
Business Development

Singapore Budget 2020

April 9, 2020
Highlight on Corporate Tax√ Tax rate remain at 17% √  Tax rebate for YA 2020 granted at 25%, subject to a cap of $15,000√ Additional 2 months of interest-free instalment if company paying CIT by Giro and file ECI within 3 months from financial year end During period from 19.02.2020 to 31.12.2020 Before 19.02.2020 and has ongoing instalment payments […]
Written by
Sow Cheng
Taxation

Useful Tax Information For Corporate in Singapore

October 19, 2019
To attract and keep global investments, Singapore has implemented a low corporate income tax rates and various tax incentives that subsequently contribute to the economic growth. Single-tier income tax system Singapore has adopted a single-tier corporate income tax system since year 2003. That means the tax paid by a company on its chargeable income is […]
Written by
Sow Cheng
Taxation

Budget 2019 Tax Changes And Other Tax Changes Affecting YA 2020

February 21, 2019
Changes for Individuals Personal tax rebate of 50% of tax payable cap up to $200 for Year of assessment 2019 Grandparent Caregiver Relief in respect of a handicapped and unmarried dependent child, regardless of the child's age from YA 2020 Lapse of Not Ordinarily Resident scheme after YA 2020 Changes for Businesses Writing Down Allowance […]
Written by
Sow Cheng
Taxation
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