All Singapore Business Will Be Required to Have CorpPass from 1 September 2018 Beginning 1 September 2018, it will now be mandatory for all business in Singapore to transact online using a CorpPass Account. The Singapore government announced last year that CorpPass will be the only acceptable login method for businesses who wish to continue…
DetailsChanges In Statutory Requirements for AGM and Filing of Annual Return with ACRA Recently, the Accounting and Corporate Regulatory Authority (“ACRA”) of Singapore has announced new changes regarding the statutory requirements of Annual General Meetings (“AGM”) and filing of Annual Returns (“AR”) that will take effect on 31 August 2018. What are the new…
DetailsNew Rules For Precious Stones and Metals Dealers Singapore has awakened to the risk in precious stones and metals transaction in terms of money laundering and financing terrorism. Recently, the Ministry of Law of Singapore has added one new strategy in its anti-money laundering and counter the financing of terrorism (“AML/CFT”) regime – the new…
DetailsCo-location of ACRA’s Service Counter at Revenue House commencing 3 Sep 2018 In order to make Singaporean’s dealings with government bodies easier via improved efficiency and coordinated services, ACRA’s service counter will be co-located at the Taxpayer Service Centre at Revenue House together with service counters of IRAS, SME Centre, and CorpPass from 3 September…
DetailsRecent Adjustments to ABSD rates To keep price hikes in line with economic fundamentals in Singapore, the government recently announced adjustments to the Additional Buyer’s Stamp Duty (ABSD) rates and Loan to Value (LTV) limits on residential property purchases. According to reports, private residential property prices began rising in the third quarter of 2017 following…
DetailsNew National Wages Council 2018 / 2019 Guidelines Introduced Backed by higher growth in the United States and some emerging markets, global growth is expected to pick up in 2018. However, due to concerns over protectionist actions and trade tensions, there could be negative effects in international trade and global growth. In Singapore, the economy grew by…
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