Business and Certain Activities and Services to Resume Operations Gradually Singapore’s Multi-Ministry Taskforce will gradually ease the strict circuit breaker measures progressively. The easing will be done progressively in stages. Simultaneously, the Government is working on gradually resuming the community and economic activities in a safe manner. Digital Solutions like Safe Entry check-in and check-out…
Government Introduces More Measures for Job Support Scheme and Foreign Worker Levy Extension of Job Support Scheme to Help Employers Retain Workers The Singapore Government is extending the Job Support Scheme (JSS) and rebates for Foreign Worker Levy (FWL) to help employers retain staff. The Job Support Scheme will see wage subsidies extended by…
More Guidelines on Conducting General Meetings – Staying Safe During COVID-19 Non-listed business entities can now refer to new guideline and checklist on conducting general meetings during the COVID-19 social distancing period. The guidelines were prepared by the Accounting and Corporate Regulatory Authority (ACRA), the Singapore Exchange Regulation (SGX RegCo) and Monetary Authority of Singapore…
Deadline Extensions for Annual Returns and AGM’s in Singapore – An Overview New Deadlines for Both Listed and Non-Listed Companies The Accounting and Corporate Regulatory Authority (ACRA) is extending the deadline for companies to file their annual returns and hold their annual general meetings (AGMs). The extensions have been granted to account for the…
Asian Development Bank (ADB) Expands Office to Singapore ADB Intends to Strengthen Collaboration and Support Private Sector Expansion The Asian Development Bank (ADB) office in Singapore was officially opened by ADB President and Singapore Deputy Prime Minister and Minister for Finance on 5 March 2020. This was the culmination of close to nine months of…
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…
Singapore Ranked As World’s Freest Economy in 2020 Index of Economic Freedom According to the 2020 Index of Economic Freedom published by the Heritage Foundation, Singapore is now ranked as the world’s freest economy. The index defines economic freedom as “the fundamental right of every human to control his or her own labor and property”.…
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…
Employment Pass Minimum Salary Raised to $3,900 to Ensures Level Playing Field Salary for Employment Pass Workers in Singapore to Rise From May 2020 Employment Pass (EP) minimum salary rates in Singapore will increase from May 2020, applicable to all foreign workers hired under the EP structure. The raise from the $3,600 minimum monthly…
Singapore Allows More Investors to Qualify for Fast-track PR Scheme – Global Investor Programme Singapore is set to add three more categories of eligible candidates for its Global Investor Programme which allows successful applicants to obtain permanent residency in Singapore under certain conditions. Eligible Candidates for Fast-track PR Scheme Introduced in 2004, the Global…
