Labour Market Report 1Q 2017 The labour market situation remained mixed, with the overall and resident unemployment rate unchanged from the previous quarter, while redundancies declined. At the same time, the resident long-term unemployment rate edging up slightly compared to a year ago. Resident unemployment rate remained unchanged, while long-term unemployment rate edged up slightly…
Singapore Form C and Form C-S for YA 2017 are Now Available Form C and Form C-S for YA 2017 are Now Available. You can download at here. Need help for corporate income tax preparation? Contact our qualified tax agent today.
Alibaba launches Tmall retail site Chinese e-commerce giant Alibaba Group Holding Ltd is now targeting the sizeable 500 million population from South-East Asia, namely, Singapore, Malaysia, Hong Kong and Taiwan With product offerings, promotions and logistics, these countries are experiencing rapid growth in terms of new users. Following the launch of the new service, Tmall…
Bazaar operators faces 19 charges for hiring foreigners without valid Work Passes The Ministry of Manpower (MOM) charged a 40-year-old Singaporean man, Sao Wei Loon (Sao), in the State Courts today for hiring 19 foreigners without valid work passes to work at pasar malams (night markets) in Singapore last year. If convicted, he faces a…
Report on Wage Practices 2016 Release by MOM The proportion of profitable firms declined from 79% in 2015 to 76% in 2016. As the majority of firms had put in place a wage system that gave flexibility to adjust wages according to business conditions, wage increase continued to moderate. The proportion of employees who received…
Deadline for Share Warrant Holders SINGAPORE: The Ministry of Finance recently issued a statement reminding all bearers of share warrants to surrender the warrants for cancellation and have their names entered in the register of members of the issuing companies before 1 July 2017. The ministry cautioned that outstanding warrants that are not surrendered by…
Top Spot as the Maritime Capital of the World Singapore does it again Singapore has successfully retained the top spot as the maritime capital of the world for the third year running. According to the third edition of Menon’s Leading Maritime Capitals of the World Report, Singapore was ranked tops in the following three…
Income Received in Singapore from Abroad Under Section 10(25) of the Income Tax Act, income from outside Singapore is considered received in Singapore when it is: a. remitted to, transmitted or brought into Singapore; b. used to pay off any debt incurred in respect of a trade or business carried on in Singapore; or c.…
Companies Act Amended to Enhance Transparency in Singapore as a Global Hub for Businesses The Companies Act was amended in Singapore with the aim to ensure that corporate regulatory regimes continue to remain robust. The changes were also done with the aim to support Singapore’s growth as a global hub for businesses and investors. To…
UPDATES – Revenue threshold increased to S$5 million for ECI waiver and Form C-S ECI The revenue threshold for ECI waiver will be increased from S$1 million to S$5 million. This updated criteria for ECI waiver will apply to companies with financial year ending in or after July 2017. Company’s Financial Year ends Criteria…
