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Tips to Know Before Starting Your Corporate Tax Filing in Singapore
In 2024, 262,000 companies are expected to file corporate income tax (CIT) returns by the 30 November deadline. According to the Inland Revenue Authority of Singapore (IRAS), more than 4,700
Singapore Work Pass Application: Tips for Success
Securing a Singapore work pass application has become increasingly competitive as the city-state solidifies its position as a global talent hub. The numbers reflect this growing appeal – Singapore recently
How to Write a Cheque in Singapore: A Complete Guide
Business operations run more smoothly when technical issues, such as cheque defaults, are minimised in critical transactions. Though writing a cheque may seem straightforward, ensuring it is done correctly is
Understanding the Accounting Period in Singapore: A Comprehensive Guide
One of the most crucial aspects of operating a business in Singapore is ensuring compliance with the country’s laws and regulations. The accounting period, also known as the fiscal year,
Understanding Unaudited Financial Reports in Singapore
In Singapore, companies that qualify for audit exemptions can benefit from unaudited financial reports to navigate the corporate landscape efficiently. This is especially crucial for small and medium enterprises, as
Key Things to Know About Audit Preparation and Planning in Singapore
An annual audit is essential for any business in Singapore to ensure proper financial procedures. Financial statements that are accurately audited will enjoy positive ratings from the Accounting and Corporate
What Must Businesses in Singapore Know About ACRA Filing Requirements?
Singapore’s business-friendly environment has attracted entrepreneurs globally for over five decades. A key factor in this success is the Accounting and Corporate Regulatory Authority (ACRA), which oversees annual filing requirements
What to Do After Registering a Company in Singapore
Setting up a business in Singapore can be a simple feat, but managing matters related to its growth can be tricky and time-consuming. What happens after your business starts to
Is Singapore a Tax Haven? Unveiling the Truth Behind Its Tax System and Financial Hub Status
The ‘Singapore tax haven’ label has sparked debate among policymakers, investors, and financial experts. Is Singapore a tax haven or a low-tax jurisdiction that encourages economic activity through strategic tax
Company Incorporation Prerequisites: All About Singapore KYC Requirements
Singapore’s global reputation as a corporate haven is matched only by its renown for personal and business safety. This exceptional security stems from rigorous compliance measures that permeate every aspect
Tax Evasion in Singapore: An In‑Depth Guide
When it comes to tax evasion, Singapore has very strict laws and regulations, making it a serious criminal offence with stringent penalties for the offenders. While most Singapore taxpayers readily
Top Tips to Choose Your Singapore Company Name
You must choose a suitable company name before starting your business in Singapore. It can be a significant decision because it can also affect how others perceive your brand over
How to Convert Sole Proprietorship to a Private Limited Company
As Singapore continues to thrive, global investors are increasingly making Singapore a launching pad for new ideas and innovations. In 2022 alone, the city-state experienced a net increase of 64,000
Understanding the Tax Identification Number (TIN) in Singapore
Every company in Singapore should know about the Tax Identification Number (TIN), a crucial part of the country’s tax system. This is especially true for those businesses struggling to sort
Understanding Corporate Tax Penalties in Singapore
Navigating corporate tax compliance in Singapore is essential for any business operating in the city-state. While its tax system is well-regarded for its simplicity and competitiveness, failing to meet corporate
What is an Annual General Meeting (AGM) in Singapore?
An Annual General Meeting (AGM) is the cornerstone event for Singapore companies, providing an important forum to review performance, connect with shareholders, and create strategies for the year ahead. However,
Understanding Share Certificates for Singapore Companies
In the bustling economic landscape of Singapore, understanding the nuances of share certificates can offer investors and companies alike a competitive edge. This blog will delve into the concept of
What is the Foreign Worker Quota in Singapore?
Foreign workers in Singapore play a vital role in complementing the local workforce, contributing to economic growth, and enhancing the diversity of skills available. As of June 2024, over 1.5
What is a Fiscal Year and Why is it Important?
In the bustling financial landscape of Singapore, understanding the fiscal year is essential for both local businesses and international investors aiming to navigate the complexities of tax regulations and financial
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