Enhanced Regulatory Framework for Singapore Companies

Enhanced Regulatory Framework for Singapore Companies

Understanding Enhanced Regulatory Framework The enhanced regulatory framework for Singapore companies took effect five years ago in May 2015. It is the Accounting and Corporate Regulatory Authority (ACRA) that administered the framework. The international standards recognize this framework because it meets their criteria when it comes to anti-money laundering and counter-terrorism financing. Both were started…

Job Growth Incentive

Job Growth Incentive

Firms in Singapore Are Being Incentivised to Hire Locally in the Next Few Months The Singapore government is offering a job growth incentive in a bid to urge companies to hire more locals within the next few months. Any company that hires more locals will receive help. The Government will pay for up to half…

What is the Start-up Tax Exemption Scheme?

What is the Start-up Tax Exemption Scheme?

Uplifting Singapore SMEs with the Start-up Tax Exemption Scheme Singapore’s government offers many opportunities to boost the nation’s entrepreneurial ventures. The Start-Up Tax Exemption (SUTE) proves to be a very good initiative by the Singapore government. Along with the Singapore Inland Revenue Authority (IRAS), it has launched tax-saving measures that target companies, particularly new ventures…

Singapore Budget 2020 Tax Changes

Singapore Budget 2020 Tax Changes

2020 Tax Changes in Singapore to Look Forward to On February 18th, 2020, Heng Swee Keat, the Finance minister of Singapore as well as the Deputy Prime Minister of the country, presented the Singapore Budget for 2020 with the perspective of the continuing COVID-19 epidemic, along with environmental instability. In this respect, 2020 tax changes…

Singapore GST Information and FAQ

Singapore GST Information and FAQ

Knowing Singapore GST information for Your Company Goods and Services Tax, commonly known as GST, is a value-added tax in Singapore. This applies to products manufactured, and also on most all the services and products offered. GST, which was started on April 1st, 1994, is equivalent to VAT, typical in many nations. As per the…

Businesses in Covid-19 Disruption

Businesses in Covid-19 Disruption

Only When Disrupted, Businesses Are Forced to Adapt or Risk Falling Through Disruptions, while heavily focused, will definitely throw your balance off. For those who can adapt, will weather the interruption and come out stronger. The same concept applies when conducting business. In each era, there is an industrial revolution that makes businesses thrive for…

TODAY Online: Businesses welcome Singaporeans First call by MPs

TODAY Online Features 3E Accounting Founder Lawrence Chai Perspectives

TODAY Online: Businesses welcome Singaporeans First call by MPs   TODAY Online featured 3E Accounting Founder Lawrence Chai’s perspectives and business owners’ sentiments on the call by several Members of the Parliament (MPs) to put Singaporeans First when hiring.   Support for ‘Singaporeans First’ Call Speaking to TODAY, 3E Accounting Founder highlighted that leading global…