ACRA Make Some Changes for Better Efficiency Beginning June 1, 2018, all customers who want to visit the Accounting and Corporate Regulatory Authority’s (ACRA) service counters will be required to book an appointment. According to the ACRA website, this can be done via the e-appointment system at least 3 working days in advance. By using the e-appointment system,…
Top 10 Best Places to Visit in Singapore for Tourists There are various places to visit in Singapore. From a budget trip to a luxury shopping spree, the city-state continues to woo tourists with its family-friendly attractions and world-famous tourist spots. The cultural and historical attractions charm every traveller in the country. Needless to say,…
CAP for Corporate Income Tax (CIT) Rebates Raised Singapore’s Minister of Finance, Heng Swee Keat announced in Budget 2018 that the cap for the Corporate income Tax (CIT) Rebate for YA 2018 will be raised to 40% of the corporate tax payable subject to a cap of $15,000. This is an increase from the previously announced rebate…
Dear Valued Clients, Welcome to our E-Newsletter May 2018 In the recent Monetary Authority of Singapore (MAS)’s half-yearly macroeconomic review, Singapore’s economic outlook remains positive despite global trade risks. The review has actually supported MAS’s decision to tighten monetary policy for the first time in six years. Also, it was announced that (based on advance…
Importance Of Informing ACRA / IRAS On Changes – Company Owners Must Know All company owners in Singapore are advised to file any change of name or office address with the Accounting and Corporate Regulatory Authority (ACRA) immediately. This can be done online via ACRA Bizfile. There is no need to inform or update IRAS separately of the change in…
New Amendments to the Implementation of Section 121 of the Companies Act 2014 As of 20th April 2018, Section 121 of the Companies (Amendment) Act 2014 took effect, and with those changes comes the introduction of new sections 202A and 202B of the Companies Act. These regulations have successfully come into effect, and concurrently, the…
Public Holidays in Singapore for 2019 The Ministry of Manpower Singapore has released the dates of the upcoming 2019 public holidays happening in Singapore. These dates may be modified if official changes are announced. If you’re a business operating in Singapore or learning how to start a small business in Singapore, as an employer it…
Singapore Visa for Indian Nationals and other Level 1 Countries Explained in Brief With the influx of Indian nationals into Singapore, be it as a tourist, or as an entrepreneur, the visa application for Indian passport holders has become easier and faster. From April 1, 2009 onwards, the individual walk-in visa application for Level 1…
Accounting Standards Council Singapore (ASC) Issues New Amendments The Accounting Standards Council Singapore (ASC) recently issued several amendments to the Singapore Financial Reporting Standards (International) (SFRS(I)s) and Financial Reporting Standards (FRSs). These include annual improvements to SFRS(I)s 2015-2017 Cycle, effective for annual reporting periods beginning on or after 1 January 2019; and improvements to FRSs (March 2018), effective…
Incorporate a Singapore Company as One of the Strategies of Asset Protection Did you know that incorporating a company is one of the important steps to ring-fence your business as well as a part of asset protection? Are Your Business Assets At Risk? Every business has its own assets and every business assets are…
OCBC and 3E Accounting Singapore in Another Winning Partnership Combination 3E Accounting Pte Ltd, Singapore’s leading services provider for company incorporation, accounting, tax, payroll, immigration and compliance services in Singapore has today announced that it is once again a recipient of the OCBC Valued Partner Awards for 2018. Last year on the 18th of March…
How to Start a Business in Singapore For decades, Singapore has been ranked at the top of the World Bank’s ranking of the easiest places to do business. The reasons are simple but powerful: A strategic location, legal and judicial system, and the vibrant government-pro investment climate helped transform Singapore into a regional economic powerhouse.…