There have been three key changes to the Goods and Services Tax (“GST”) in Singapore as of 1 January 2019. The three changes are in relation to: Customer Accounting; Hand Carried Exports Scheme (HCES); and GST Registration Rules Customer Accounting For the sale of prescribed goods: GST-registered customers will have to account for the GST … Continue reading Key Changes in GST from 1 January 2019
Studies have found that children born and raised in Singapore have a better chance of growing up healthy, educated and protected, in comparison to other countries and past generations. Singapore has been placed first in a list of 176 countries ranked according to childhood protection, found in the third annual Global Childhood report by non-profit … Continue reading Singapore is the best place in the world for children to grow up
The Singapore Tax System Singapore has over 76 double taxation treaties! Singapore is considered to be an excellent jurisdiction for business with a well-established taxation system. Over the last few years the tax system has evolved according to the current business landscape and has significantly reduce the amount of paper work to be submitted therefore … Continue reading Singapore: Accounting and Tax Overview
MDIS Graduate Students showcase collections at the annual Graduate Fashion The Management Development Institute of Singapore’s (MDIS) School of Fashion and Design (SFD) recently organised a Graduate Fashion Show 2019, which featured works by ten SFD Degree graduates revolving around the theme, ‘Singularity’. The graduates’ works were reviewed and rated by a … Continue reading MDIS Fashion Show
From 1 April 2019, the Ministry of Manpower (MOM) will be revising all work pass application and issuance/renewal fees. These changes will apply to the Employment Pass, S Pass, Work Permit, and several other passes. A comparison table has been provided to further illustrate the current and upcoming administrative fees: Type of Pass Current From 1 April 2019 Application Issuance/Renewal … Continue reading Singapore’s Work Pass Administrative Fees to Increase from 2019
Statutory requirements of AGM and Annual Returns The Accounting and Corporate Regulatory Authority (ACRA) of Singapore As part of on-going efforts to keep Singapore business friendly and competitive, legislative changes to the Companies (Amendment) Act 2017 that will reduce the regulatory burden for companies will take effect on 31 Aug 2018. The key legislative amendments … Continue reading Singapore Law Update
Mandatory for businesses in Singapore from 1 September 2018 A new digital identity, dubbed CorpPass, will be rolled out on Sept 15 to allow businesses to access e-government services more securely and with greater privacy. This means organisations will no longer need to use the shared SingPass accounts of individuals for corporate transactions, including filing … Continue reading CorpPass for all Businesses!