Singapore EDB Supports Multilateral Solution Singapore will support a multilateral solution to create a stable international tax system in the country. This support will be given by the Singapore Economic Development Board (EDB). The aim to create an international tax system that is stable and helps to level the playing field across jurisdictions. The EDB…
Mark the Date for Singapore 2021 Budget – 16th February 2021 Singapore will be unveiling its 2021 budget in the midst of February later this year. In his announcement last Thursday on the 31st of December 2020, the Deputy Minister of Singapore assured Singaporeans that the Government is ready to tackle the projected economic turmoil.…
IRAS is Making It Easier for Smaller Companies to File Their Taxes The Inland Revenue Authority of Singapore (IRAS) is making it easier for smaller companies to file their taxes this year. How Filing Taxes Will Be Easier Smaller companies can use a simplified version of the tax form called Form C-S (Lite). This…
Firms in Singapore Are Being Incentivised to Hire Locally in the Next Few Months The Singapore government is offering a job growth incentive in a bid to urge companies to hire more locals within the next few months. Any company that hires more locals will receive help. The Government will pay for up to half…
1.9 Million Workers Will Be Aided With 4 Billion Dollars Through the Jobs Support Scheme (JSS) From 29th July The Job Support Scheme (JSS) was designed and launched by Unity Budget to save jobs and help businesses pay wages of roughly 1.9 million workers. The initiative was created to aid struggling businesses to retain their…
More Than 140,000 Employers Set to Receive $4 Billion Job Support Scheme Payments Beginning 28 May, Employers in Singapore Can Expect to Receive Their Pay Outs More than 140,000 employers in Singapore will be getting their Job Support Scheme payments starting from 28 May. The payments amount to $4 billion in total. No prior application…
Tax Filing Deadlines in Singapore Extended by IRAS Tax filing deadlines in Singapore have been extended for both businesses and individuals, with more time allocated to file taxes. In light of the stricter safety measures being implemented in Singapore from 7 April to 4 May 2020 to slow down the spread of COVID-19, the Inland…
Wage Credit Payouts for More Than 90,000 Employers More Than 90,000 Employers Are Set to Receive Payouts by 31 March More than 90,000 employers in Singapore will be receiving wage credit payouts amounting to more than $600 million by 31 March 2020. Out of the 90,000 employers, most of them were Small and Medium…