ASC has issued INT FRS 123: Uncertainty over Income Tax Treatments This Interpretation clarifies how to apply the recognition and measurement requirements in FRS 12 when there is uncertainty over income tax treatments. In such a circumstance, an entity shall recognise and measure its current or deferred tax asset or liability applying the requirements in…
Businesses to log in with CorpPass to transact with IRAS from mid-2018 From mid-2018, businesses will have to use their CorpPass to log in to myTax Portal and e-Stamping Portal, replacing the current SingPass/ IRAS PIN login. CorpPass will also replace EASY as the authorisation system for businesses to authorise staff/ third party (such as accounting firm)…
Singapore Government Agencies Merge for Greater Effectiveness and Internationalise In an effort to help companies grow and internationalise in Singapore, two government agencies – International Enterprise (IE) Singapore and SPRING will merge and form a new agency, said the Ministry of Trade and Industry (MTI). The merged agency will be set up by April next…
Earlier this month, 3E Accounting Singapore held a successful event in NTUC Centre on the 12th September themed “Golden Age to Venture into Malaysia”, featuring high-profile speakers and presenters who shared actionable tips from how to venture overseas especially in Malaysia. The event created a positive atmosphere, highlighted the importance of venturing overseas as an…
Community Chest Heartstrings Walk Towards a Better Nation Walking for A Better Singapore, A Nation That Shares and Cares 3E Accounting joined forces with Singapore’s community to partake in the Community Chest Heartstrings Walk in September 2017. Aptly, this year’s walk was themed “A Walk by All. A Heart for All”. This succinctly…
Guru Focus – 3E Accounting Provides Cloud Services with Quickbook Online to Create Effective Accounting Solution 3E Accounting Pte. Ltd. was pleased to be mentioned in Guru Focus’s article “IBM Faces Serious Cloud and IT Services Challenges”, for being an accounting firm who provides cloud services with Quickbook Online to create a streamlined and effective accounting solution,…
3E Accounting Supports My Family Weekend 2017 to Promote Work-life Balance in Singapore 3E Accounting, a Singapore-based international network, grabs the hype of work life balance promotion of this month by supporting the “My Family Weekend 2017” activities as the event is in-line with the company’s direction and culture. 3E Accounting has initiated the ‘Bring-your-Family-to-work…
Dear Reader, Welcome to our E-Newsletter September 2017 Singapore’s openness to international trade and investment as well as the transparency in regulatory environment, are among the important factors encourage vibrant business activity, economic resilience and competitiveness of the nation. We can see that Singapore’s economy recorded a better-than-expected growth in the last few months with…
Why Invest in Singapore? Your home away from home for Business – Singapore A strong, emerging economy and reputed for its integrity, quality, reliability, productivity, rule of law, and enforcement of intellectual property rights, Singapore is a sure bet for future investments. Known for its pro-business environment as well as ability to attract sizeable…
Business in South Korea Though South Korea has gone through a rapid phase of modernisation, it still greatly retains plenty of its rich culture and heritage. Though Koreans will not expect you to be an expert on the nuances of their culture, but they will appreciate a show of interest in matters that are important…
New MOM Employment Rules for Singapore Companies From 1 January 2017 The recent announcement of MOM rules sees some new legislative changes. Among others, the increased paid paternity leave and mandatory retrenchment notification are the new changes that attract the public’s attention. 1. Increased Paid Paternity Leave As of 1 January 2017, working fathers…
New Enhanced Singapore EntrePass promises numerous positive changes to help Global Entrepreneurs The Ministries of Manpower; Trade and Industry along with enterprise evaluation agency, Spring Singapore and Startup SG recently announced enhancement to the evaluation criteria to allow founders of global innovative startups to enter and establish business in Singapore during the early exploration stage.…