Dear Reader, Welcome to our E-Newsletter April 2016 We are glad to present you our newsletter for April 2016. In this issue, we would like to give some highlights to the recent most talked about business topic: Singapore Budget 2016 Budget speech, which was a business-minded one, was being made in Parliament recently. Accordingly, for the…
Second Protocol to Singapore-UAE Agreement for the Avoidance of Double Taxation Enter Into Force The Second Protocol amending Singapore’s standing Avoidance of Double Taxation Agreement (DTA) with United Arab Emirates (UAE) entered into force on 16 March 2016. The revised terms in the Second Protocol include longer threshold periods to ascertain the presence of a…
The International Accounting Standards Board April Key Update The April 2016 IASB Update has been published. The International Accounting Standards Board (the Board) has today issued amendments to the Revenue Standard, IFRS 15 Revenue from Contracts with Customers, clarifying some requirements and providing additional transitional relief for companies that are implementing the new Standard. The…
Public Holidays in Singapore for 2017 Dates of the Singapore Public Holiday 2017 In 2017, there will be 14 public holiday dates and 53 weeks in 2017 to take note: Note: Any holidays that fall on a Sunday will be replaced the following Monday. Click here for more information from mom.gov.sg original release…
Issuance of Itemised Pay slips and Key Employment Terms with effect from 1 April 2016 Changes to the Employment Act (EA) requiring employers to issue itemised pay slips and key employment terms come into effect on 1 April 2016. The objectives of these changes are to: – Improve employment standards; and – Facilitate the resolution…
Compulsory to E-filing of Section 45 Withholding Tax Online From 1 July 2016 We would like to inform that e-filing of Section 45 Withholding Tax will be made compulsory with effect from 1 July 2016. Paper filing will not be accepted after 1 July 2016. Click here for more information. …
3E Accounting Singapore Winner of TAFEP Exemplary Employer Award 2016 Singapore based firm and business registrar, 3E Accounting has won the TAFEP Exemplary Employer Award owing to its fair, responsible and progressive employment practices. The company grew from a small husband and wife collaboration back in 2011 to an established brand of very satisfied employees…
3E Accounting Pte Ltd Becomes the 1st Accounting Firm to Implement the Revolutionary Double Robotics Technology 3E Accounting Pte Ltd, a leading Singapore based service provider, takes business communication and collaboration among offices scattered worldwide, to the next level by adopting tele-presence robots by Double Robotics in its office setting. Following the legacy of…
3E Accounting Singapore – Singapore Brand Top Player 2016 / 2017 3E Accounting Pte. Ltd. was recognized by Singapore Brand as a Top Player Firm 2016 / 2017 in Singapore. We are exceptionally delighted to be specially chosen as one of the top firms to receive this recognition presented by Singapore Brand. 3E Accounting, being the most sought…
Amendments to FRS 7: Disclosure Initiative and Amendments to FRS 12: Recognition of Deferred Tax Assets for Unrealised Losses 11 Mar 2016 – ASC has issued Amendments to FRS 7: Disclosure Initiative and Amendments to FRS 12: Recognition of Deferred Tax Assets for Unrealised Losses, effective for annual periods beginning on or after 1 January…
Initiatives to Raise Standards in Foreign Domestic Worker-Placing Employment Agencies The Ministry of Manpower (MOM) has announced initiatives to further improve the professionalism of FDW-placing employment agencies (EAs). A new grading scheme called Trustmark and the Employment Agency Customer Rating system will be introduced for FDW-placing EAs. The initiatives were announced at an EA Seminar…
Beginner’s Guide to Withholding Tax Under the law, when a person makes payment(s) of a specified nature (e.g. Royalty, Interest, Technical Service Fee, etc.) to a non-resident company or individual, he/she is required to withhold a percentage of that payment and pay the amount withheld to IRAS. The amount withheld is called Withholding Tax. Click…