3E Accounting Newsletter

E-Newsletter April 2016

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…

Avoidance of Double Taxation Enter Into Force

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…

International Accounting Standards

The International Accounting Standards Board April Key Update

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…

Singapore Brand Top Player 2016 / 2017

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…

Initiatives to Raise Standards in Foreign Domestic Worker-Placing Employment Agencies

Initiatives to Raise Standards in Foreign Domestic Worker-Placing Employment Agencies

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

Beginner’s Guide to Withholding Tax

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…