Singaporean Government Accepted National Wages Council (NWC) Guidelines for 2019/2020 With Open Arms In a recent press release on 30 May 2019, the Singaporean government has welcomed and accepted the National Wages Council (NWC) Guidelines for 2019/2020. The National Wages Council (“NWC”), convened in April and May 2019, has formulated structured wage guidelines for the…
Have You Filed Your Corporate Tax for Season 2019? It’s corporate tax season again in Singapore. Companies can begin filing their Year of Assessment (YA)’s for 2019 as corporate tax filing season is now open. Companies can submit their YA e-File’s via their CorpPass at Inland Revenue Authority (IRAS)’s myTax Portal. If your company has…
Entrepreneurs Need ACRA’s Essentials of Starting a Business (ESB) to Build, Start and Maintain a Successful Business in Singapore If you’re an aspiring entrepreneur eager to make your breakthrough success, the Essentials of Starting a Business (ESB) online course is what you need. Provided online for free, the Accounting and Corporate Regulatory Authority (ACRA) Singapore…
Children Deserve to Be Children, to Live, Learn and Play Comfortably, Safely and Most Importantly, Happily Singapore is recently ranked as the best country for children to survive, live, learn, play and grow to become well-rounded adults, beating European countries. For years, European countries have dominated the spot for being the best place for children…
Singapore Tops Competitive Economy Ranking – Jumping from Third Place Last Year to First Singapore emerged top in the competitive economy ranking, two weeks after another report on quality of life showed that the country had improved its ranking. Singapore has emerged as the world’s most competitive economy, jumping from third place last year to first. The Lion…
SingPass Mobile Now Available to Be Used as National Digital Identity to Access Certain Services The SingPass Mobile app will now be available to resident with features such as the national digital identity which will be allowed for some services. The SG-Verify developed by the Government which will allow Singapore residents to use their SingPass…
Structured Training for Staff in Singapore – The Way for More Growth and Productivity Employers in Singapore are being urged by the National Wages Council (NWC) to provide more structured training for their staff. NWC believes that structured training for staff in Singapore is the way forward if an employer wants to see more growth…
Labour Market Report Advance Release 1Q 2019 – An Overview on Employment Rates and Retrenchments Regardless of the indication of the economy facing a little turbulence in 2019, initial readings indicate that the market is still standing strong. Employment rates were going up whilst retrenchments remain unchanged. However, employment rates amongst residents went up as…
Singapore’s Real Total Wages in 2019 Might Not Be as Optimistic as Last Year While Singapore’s employment scene faced strong growth in 2018, upping the real wages to 4.2% last year, Real total wages in 2019’s prospects might not be as promising. Economists are predicting a less than optimistic outcome for Singapore’s labour market in…
Preparing and Filing Financial Statements Becomes Manageable With Standard Format Enhancements Made Available Corporate companies now can file their financial statements better with new XBRL updates released by the BizFinx preparation tool. Most companies doing business in Singapore are required to file their financial statements and submit them to the Accounting & Corporate Regulatory Authority…
