3E Accounting Newsletter

E-Newsletter December 2018

Dear Valued Clients, Welcome to our E-Newsletter December 2018 We hope this finds you well! Though the last quarter was a challenging one as the trade tension between US and China intensified, Singapore had delivered a resilient performance in its economic growth. Singapore’s economy has recorded a 2.2% year on year growth in the third…

Overseas Services To Be Taxed by 2020

Overseas Services To Be Taxed by 2020

Overseas Services To Be Taxed by 2020 Changes to the Goods and Services Tax (Amendment) Bill will allow Singapore’s government to collect GST on overseas services beginning 2020. Users of Netflix for example, which is considered an overseas service, could cost extra. This may be a disadvantage for lower-income groups and further widen the digital…

Workers Enjoy Greater Protection, Thanks to Employment Act Changes

Workers Enjoy Greater Protection, Thanks to Employment Act Changes

Singapore Workers Enjoy Greater Protection, Thanks to Employment Act Changes Singapore’s labor workforce will enjoy greater protection, thanks to the latest changes and major transformation to the Employment Act. The changes will now entitle Singapore’s labor force to new rights, which include mandatory annual leave of seven to 14 days, paid sick leave and protection…

New Rule for Housing Developers

New Rule for Housing Developers

More Responsibilities for Housing Developers to Prevent Money Laundering Singapore’s housing developers will have new rules, duties and responsibilities under a Bill which was passed in Parliament recently. These and other proposed changes to the Developers (Anti-Money Laundering and Terrorism Financing) Bill are part of Singapore’s efforts to remain in line with the international standards…