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Singapore’s corporate compliance framework has become more stringent following the commencement of key provisions under the ACRA Corporate and Accounting Laws (Amendment) Act 2025 in May 2026, which include stricter enforcement of directors’ duties, with penalties of up to S$20,000 and imprisonment of up to 12 months for serious breaches. As a result, businesses that…
Singapore is rapidly moving toward a fully digital tax and invoicing system, & InvoiceNow is at the centre of this transformation. According to IMDA updates, more than 60,000 businesses are already connected to InvoiceNow, reflecting steady nationwide adoption of Peppol-based e-invoicing across SMEs and larger enterprises. This foundation is now being extended into GST compliance…
Corporate tax filing is a mandatory annual compliance requirement for all companies in Singapore under the Inland Revenue Authority of Singapore (IRAS). For the Year of Assessment (YA) 2026, all companies must file their Corporate Income Tax Return by 30 November 2026, including companies with no income or business activity. Singapore’s corporate tax system is…
According to the Accounting and Corporate Regulatory Authority (ACRA), company incorporation in Singapore is now routinely completed within 24 hours through BizFile+, with new registrations processed at a pace that highlights both demand and system efficiency in 2026.
Singapore is widely recognised for its ability to facilitate company incorporation with remarkable speed, which is as little as one business day, but what happens after registration is far more critical. The Singapore certificate of incorporation, issued by ACRA, is a key document that serves as proof of incorporation and is often required for bank…
Can a foreign entrepreneur truly control a Singapore company without living in Singapore, or does compliance quietly dilute control before the business even begins? Many foreign-owned companies formed in Singapore are incorporated without a founder based locally. Still, each one must meet a fixed legal requirement set by the Accounting and Corporate Regulatory Authority: every…
What distinguishes businesses that endure a crisis from those that fail under one? In many cases, the answer lies in structure, specifically whether those who built the business gave careful thought to ownership arrangements before difficulties arose, rather than after them. Singapore recorded 7376 new filings in January 2026, an increase from the same period…
The number of registered business entities with the Accounting and Corporate Regulatory Authority (ACRA) in Singapore has increased consistently over the past five years, reaching more than 625,000 as of 2026, although the supply of accountants continues to decline due to an acute shortage of skilled labour and the retirement of professionals. Clients are now…