Correcting the Common Corporate Tax Myths in Singapore Even if Singapore is known for having a progressive tax regime with low tax rates and attractive incentives, there are still corporate tax myths in Singapore. These myths might be the reason why some investors and entrepreneurs avoid investing in Singapore. They also do not have access…
What You Need to Know About Singapore Double Tax Agreements Taxes give small and big businesses major concerns. If a person or business gains income outside the residence state, that income might have double taxation at the residence and source state. Singapore Double Tax Agreements (DTAs) are helpful in promoting bilateral investment and flows of…
Point-to-point (P2P) Support Package (PSPP) Extended to Help Taxi, Private-hire Car Drivers and Operators Tide Covid-19 Crisis In what appears to be a balancing act between public health and economy, Singapore’s Ministry of Transport hinted on a package of measures seen to alleviate economic difficulties taxi and private hire car drivers are facing amid a…
3E Accounting Founder Lawrence Speaks at CapBridge Wealth Management Webinar 3E Accounting is a strategic partner of CapBridge Financial, comprising CapBridge and 1exchange. On 16 September 2020 at the CapBridge Wealth Management webinar, 3E Accounting Founder Lawrence Chai and CEO of 1exchange Choo Haiping shared their experience on how businesses can strengthen their cash flows…
Dear Valued Customers, This challenging year is only a few months away from coming to an end. It’s been a trying time for Singapore, and no doubt many countries across the world. I am confident we will emerge stronger and more resilient post COVID-19. Emerging Stronger Conversation 2020 Singapore has proven to be resilient…
No Penalties Imposed for Filing Extensions BizFile has been having issues with the system, and the Accounting and Corporate Regulatory Authority (ACRA) is well aware of it. BizFile users have had to be patient for the past week as ACRA works to resolve the system slowness with urgency. ACRA has acknowledged the issue and thanks…
3E Accounting Participates In Singapore Chinese Chamber Of Commerce & Industry (SCCCI) Webinar 3E Accounting participated in the Indonesia segment of Thriving In The Next Future Of ASEAN, a series of webinars organised by the Singapore Chinese Chamber Of Commerce & Industry from 14 to 18 September 2020. The speakers included: Mr Wellian Wiranto –…
New Changes to Take Place From 1 January 2022 The Accounting Standards Council (ASC) Singapore has issued new changes that will begin 1 January 2022. The changes are set to affect the annual reporting periods. The ASC issued Annual Improvements to SFRS(I)s 2018-2020 and Annual Improvements to FRSs 2018-2020. The FRS refers to the Financial…
No Distance Charging Will Be Imposed on Road Users Singapore will be changing to the new Electronic Road Pricing (ERP) system. The change is set to take place halfway through 2023. The ERP system alone will not be changing. The change is only that no more big gantries will be required. The other change is…
New Guideline Pricing to Help Curb Errant Business Practices Businesses in Singapore must abide by a new guideline pricing. This will start from 1 November in a bid to curb errant business practices like misleading advertising. Misleading advertising includes omitting mandatory fees and touting misleading prices. Businesses will have two months to get things in…
3E Accounting Founder Lawrence Chai Shortlisted for Digital Accountancy Awards 2020 This year’s Digital Accountancy Forum and Awards will be conducted virtually on 30 September 2020. There are 10 Corporate Award categories and 3 Individual Award categories. 3E Accounting Founder Lawrence Chai has been shortlisted as a Finalist in 2 Awards categories – Young Accountant…
About the Benefits of Employment Act The benefits of the Employment Act are important when it comes to convincing an employee to do a job. The government of Singapore has enacted major amendments that impact businesses and employees who work for local and foreign companies under an employment contract in Singapore. The amendments are meant…