Filing of Income Tax Computations in Functional Currencies other than Singapore Dollars (S$) 

Filing of Income Tax Computations in Functional Currencies other than Singapore Dollars

Filing of Income Tax Computations in Functional Currencies other than Singapore Dollars (S$)  Companies that prepare their financial statements in non-Singapore dollars (S$) functional currencies are to prepare their tax computations in the same non-S$ functional currency. However, all amounts declared in the Income Tax Return must be in S$. Click here for more information.…

3E Accounting Newsletter

E-Newsletter March 2016

Dear Reader, Welcome to our E-Newsletter March 2016 We are glad to present you our newsletter for March 2016. We have recently finalised our partnership agreement with our member firms and it is with great pleasure that we welcome our another exclusive independent member firm, PT. Cekindo Business Grup, Indonesia (“Cekindo”) who will represent us in…

Data Register Pte Ltd to Offer Eligible Subscribers to Terminate Subscription Account

Data Register Pte Ltd to Offer Eligible Subscribers Opportunity to Unsubscribe By Terminating Their Accounts ACRA had brought a total of 1,104 charges against Data Register Pte Ltd (previously known as “Company Register Pte Ltd”) in 2014/15 for issuing business correspondences in October and November 2013 which did not state its company name and registration number…

Two Companies and a Director Convicted for Making Fraudulent PIC Claim

Two Companies Making Fraudulent PIC Claim

Two Companies and a Director Convicted for Making Fraudulent PIC Claim One IT Distribution Pte Ltd (“One IT”) and its director, Alan Ang Soon Teck (“Alan Ang”), have been convicted of assisting Chuan Huat Electronics Pte Ltd (“Chuan Huat Electronics”) to obtain a higher amount of Productivity and Innovation Credit (“PIC”) cash payout which Chuan…

Singapore’s Avoidance of Double Taxation Agreements with Rwanda and Thailand Come into Force

Double Taxation Agreements with Rwanda and Thailand

Filing of Income Tax Computations in Functional Currencies Other Than Singapore Dollars The new Singapore-Rwanda Avoidance of Double Taxation Agreement (DTA) and a revised Singapore-Thailand DTA enter into force on 15 February 2016. The DTAs provide clarity on tax matters and eliminate double taxation relating to cross-border transactions between Singapore and the respective jurisdictions. The…

3E Accounting Launches The Global Accounting Network – 3E Accounting International

3E Accounting Launches The Global Accounting Network

3E Accounting Launches The Global Accounting Network – 3E Accounting International As one of the leading one-stop corporate solution providers in Singapore, 3E Accounting today launched a unique global network – 3E Accounting International. The global network will capitalise the professional knowledge and expertise of its network members to provide corporate solutions to customers across…