Dear Reader,
Welcome to our E-Newsletter February 2017
Our Expansion Quest
In this issue of newsletter, we are glad to share with you that we are now one step further into our expansion quest.
We have completed our partnership agreement with two more members recently, one from United Kingdom and the other one from Israel. We wish to take this opportunity to extend a warm welcome to both our partners, Wisteria Ltd of United Kingdom and Lazar & Co of Israel. Together, we are now capable to support anyone who is interested to incorporate their business in both United Kingdom and Israel.
Our Awards and Recognitions
With all the excellent work, the overall performance of 3E Accounting Pte. Ltd. was exceedingly good. On 10 January 2017, we were extremely honored to be one of the Finance Awards Winner 2017, presented by Corporate LiveWire. We are being specially selected as the company incorporation services provider of the Year in Singapore for Corporate LiveWire Finance Awards 2017. Besides, we are honored to be featured in various medias like The Straits Times, Been There Count That and so on as we stand out in the work-life balance arena. On 10 January 2017, we were delighted to be featured in Nee Hao, The UK’s no.1 resource for British Chinese culture, for being a leading example of quality service. All this awards and recognitions added feathers in our cap and thus motivate us to move on to serve you better.
Personal Income Tax Filing Season in Singapore
Once again, tax season is coming (annual personal tax returns for Year 2016 must be filed with IRAS by 15 April 2017), and we are pleased to invite you, to have your tax return prepared by our professional team. Our mandate is to provide quality service at a fair price. We are also committed to be accessible to you for any questions that they may have thereafter. Remember, we are always ready to serve you better as well as to meet these goals.
As an employer, you must prepare Form IR8A and Appendix 8A, Appendix 8B or Form IR8S (where applicable) for all your employees including directors (who are employed in Singapore) by 1st Mar each year.
Incorporation made Faster and Easier in Malaysia
Appointing nominee directors has always been one of the major concerns for foreign investors keen in starting a business in Malaysia. Now, with the introduction of new Companies Act 2016, setting up a business in Malaysia is much simpler. The new Act will introduce the ability to incorporate a company with only one individual being the single local director and single shareholder, with RM1 share capital as the minimum requirement. This will make incorporating a company in Malaysia more attractive for foreign investors, entrepreneurs and businesses. See Malaysia Company Incorporation Services for more information.
Update of DTA with India
Singapore and India signed a Protocol to amend their bilateral Avoidance of Double Taxation Agreement (DTA) in New Delhi on 30 December 2016. The updated DTA preserves the existing tax exemption on capital gains for shares acquired before 1 April 2017, while providing a transitional arrangement for shares acquired on or after 1 April 2017. For shares acquired on or after 1 April 2017, there will be a two year transition period, during which the capital gains from such shares will be taxed at 50% of India’s domestic tax rate if the capital gains arise during 1 April 2017 to 31 March 2019. See Company Setup in Singapore and do business in India for more information.
Office Closure on 27 January 2017 to 1 February 2017
We would like to inform that our office will be closed on 27 January 2017 (Friday) to 1 February 2017 (Wednesday) for Chinese New Year. Please be informed that our partner, directors and staffs will have no access to the emails on the said dates and all emails will be attended to once we resume operations on the next working day.
As Chinese New Year draws to a close, I would like to take this opportunity to wish everyone a Happy Chinese New Year. May the coming new year bring you joy, love and prosperity.
Remember to call us if you require any assistance.
Otherwise, stay tune for any new update and interesting news from us.
Thank you.
Lawrence Chai
Managing Director
Read More in our E-Newletters February 2017.
