All COR Applications Have to Be e-Filed via Mytax Portal In line with Government’s direction to harness technology for enhanced productivity, all COR applications have to be e-Filed via myTax Portal from 1 Jun 2017. Paper applications will no longer be accepted from this date onwards. Online via myTax Portal Log in to mytax.iras.gov.sg to…
The pioneer batch of Human Capital Partners (HCPartners) was unveiled by Minister of Manpower, Mr. Lim Swee Say at the Human Capital Partnership networking event on last Friday, February 17. Among them, 3E Accounting Pte Ltd. was proud to be recognised as the pioneer batch for human capital partnership. It was a great honour where…
Committee on Future Economy SINGAPORE: This country has over the years enjoyed sustained economic growth and successfully weathered many economic crises. Singapore’s economy has become more diversified and people in the country today enjoy a very good quality of life. The approach taken by the Singapore government to ensure its economy remains vibrant is through…
Women in Business 25 January 2017 – 3E Accounting: A Rising Firm in Singapore We are delighted to be featured in Women in Business, 3E Accounting: A Rising Firm in Singapore, on 25 January 2017. Women in Business’s write-up for 3E Accounting: A Rising Firm in Singapore. After years of working in the accounting industry, Lawrence…
Singapore Set To Become Top Choice For Arbitration SINGAPORE: On January 10, this year, Parliament passed amendments to the Civil Law Act which paves the way for businesses involved in international commercial arbitration cases here to get third party funding (TPF). TPF basically refers to proceedings funded by an entity unconnected to a dispute. This…
Dear Reader, Welcome to our E-Newsletter February 2017 Our Expansion Quest In this issue of newsletter, we are glad to share with you that we are now one step further into our expansion quest. We have completed our partnership agreement with two more members recently, one from United Kingdom and the other one from Israel. We…
Improving Re-Employment Opportunities for Older Workers in Singapore Retirement and Re-employment (Amendment) Bill 2016 and Revised Tripartite Guidelines on the Re-employment of Older Employees The Retirement and Re-employment (Amendment) Bill 2016 was passed by Parliament on 9 January 2017. In April 2016, MOM announced that following extensive tripartite consultations, the tripartite partners had agreed for…
ASC publishes the 2017 volume of FRSs and INT FRSs and the SFRS for Small Entities The Accounting Standards Council (ASC) publishes the 2017 volume of Financial Reporting Standards (FRSs) and Interpretations of Financial Reporting Standards FRSs (INT FRSs) and the Singapore Financial Reporting Standard for Small Entities (SFRS for Small Entities) that is applicable…
Indicative margins for related party loans IRAS has introduced an indicative margin which taxpayers can apply on each related party loan not exceeding S$15 million as tabulated in this table: Related party loan not exceeding S$15 million obtained or provided during the period 1 January 2017 to 31 December 2017 – Indicative margin is +…
Beyond the Classroom – Nanyang Polytechnic Students Company Visit Education Beyond the Classroom Benefits Nanyang Polytechnic Students in Learning About Productivity Nanyang Polytechnic students get real-world insights during a company visit to 3E Accounting. Education and industry needs must be in tandem to create undergraduates that are employable and marketable. Hence, 3E Accounting was elated…
Singapore: Taking Up Secondary Directorship for Employment Pass Holders The Ministry of Manpower (MOM) has announced new rules in place for companies appointing Employment Pass (EP) holders as directors. Eligible companies can appoint EP holders from another related company to their Board of Directors, but with an Letter of Consent (LOC) from the MOM. In…
Goods and Services Tax (GST) – Unauthorised Charging of GST and Price Display Requirements We would like to bring your attention on the following matters: Unauthorised Charging of GST Only GST-registered businesses are allowed to charge GST on their sales. It is a serious offence for businesses that are not GST-registered to charge GST…