Dear Valued Clients, Welcome to our E-Newsletter November 2018 We hope this finds you well! We are now two months away before we bid farewell to year 2018. Looking back at the last three quarters, Singapore’s economy has seen many challenges. The trade relationship between the world’s two biggest economies has been on the rocky…
International Standards on Exchange of Information Rates Singapore as Overall Compliant The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) has rated Singapore’s exchange of information upon request regime as being overall compliant with international tax transparency standards. This assessment is conducted via a peer review process of Singapore’s exchange…
SingPass Mobile App’s Biometric Security Features Offer a Glimpse of Future of Digital Exploration Singaporeans can now access e-government services using a new app is which uses biometric scanning is available for Singaporeans. To do so, all they would have to do is scan using either their fingerprint or faces through their smartphones. Without relying…
3E Accounting Advises More Protection in Place for PayNow Security – TODAY’s 21 June 2018 3E Accounting Pte. Ltd. was pleased to be mentioned in TODAY’s 21 June 2018 write-up on “Eager to do away with cheques and cash, businesses already signing up for PayNow”. PayNow Corporate is an extension of PayNow, which is a…
Singapore High-Earning Tax Avoiders Under Scrutiny As IRAS Recovers $10m High income earners in Singapore, including property agents, doctors and lawyers, who previously avoided paying their dues in taxes will now have to. So far, $10 million in unpaid taxes has been recovered, and it is still early days yet. More than 20 dentists and…
3E Accounting Featured on ACRA’s DTP Programme Lawrence, Director of 3E Accounting, Singapore is being featured as part of the Directors Training Programme (DTP). Lawrence’s testimonial has been selected. View page: Directors Training Programme (DTP) The DTP was developed by the Accounting and Corporate Regulatory Authority (ACRA) Singapore and is targeted as aspiring, new and existing…
Manufacturing Activity in Singapore Shrinks at Slower Pace on June 2018 Singapore manufacturing growth showed a slower pace as factory activity eased on softer demand. June’s Manufacturing Growth The official Purchasing Managers’ Index (“PMI”) for June, released on July 2, slipped to 52.5, down from previous month’s figure (though the figure stays above the…
Parliament Introduces Changes That Extend Labour Law to Singapore’s PMETs More of Singapore’s workers are set to benefit from protection and better working conditions under the Employment Act’s new proposed changes. The Ministry of Manpower (MOM) Singapore on Tuesday (2 Oct) tabled the Employment (Amendment) Act’s first reading in parliament.This changes will covered all Singapore’s…
Comprehensive Agreement for Double Taxation Avoidance Signed Between Singapore and Brazil On 7 May 2018, Singapore signed a comprehensive agreement with the Federative Republic of Brazil. The agreement pertained to the Avoidance of Double Taxation (DTA), and the agreement was signed between Singapore’s Minister for Foreign Affairs Dr Vivian Balakrishnan and Brazil’s Minister of Foreign…
Dear Valued Clients, Welcome to our E-Newsletter October 2018 October will mark the beginning of the final quarter of 2018. Before we move to October, let us have a quick look at Singapore’s economic performance in the past few months. Following the good performance in Q2, Singapore’s economic performance has seen strong performance in August.…
A Step By Step Guide for Foreigners to Start a Business in Singapore Singapore, a name that signifies economic powerhouse in Asia, has been one of the favorite investment hotspots for foreigners. Many think that starting a new business in Singapore is a daunting task. However, it is straightforward if you are guided with professional…
Singapore Food and Beverage Service(12,000 Hawker Stalls) To Have Unified Payment System Singapore’s Nets system will be bringing cashless payments to 12,000 hawker stalls, canteens and coffee shops. In an attempt to unify what is currently a fragmented e-payment setting, Nets is the first “master acquirer” which will bring this system to the designated vendors…