Another change is coming in Singapore’s fiscal landscape with the upcoming implementation of the 2024 Goods and Services Tax (GST) rate change. Let us dive into the intricacies of this impending adjustment, shedding light on the origins and implications of the Singapore GST rate change set to take effect in the coming year. Let us […]
A recession is a period of economic decline characterised by high unemployment and a downward trend in business profitability. This phenomenon makes it difficult for businesses to make money and even more difficult for investors to invest — but there are ways for companies to make the most out of the situation. But before we […]
As businesses and investors expand, cross-border taxation knowledge becomes more integral in pursuit of global financial growth. With different tax laws in every country, it is essential for businesses to understand the taxation policies to ensure compliance and avoid any legal implications. For most investors, diversifying your portfolio across borders can yield substantial rewards. However, […]
In the past year or so, the term ‘equity and social justice’ has become mainstream due in part to the Black Lives Matter protests. What started because of the death of George Floyd under police custody, had a ripple effect on all aspects of life, including equity in the workplace. Companies and institutions are responding by making […]
Starting a business in Singapore can be an exciting and challenging experience. With its thriving economy, low tax rates and pro-business environment, the city-state is considered a popular destination for entrepreneurs and investors. However, setting up a company in Singapore also requires careful planning and preparation, as it can be a complex process with many important considerations. […]
Singapore has a flat corporate income tax rate of 17% for all businesses, regardless of size or industry. This is one of the lowest corporate income tax rates in the world. There are also a number of tax exemptions and tax deductions in Singapore available to businesses. Singapore’s favourable tax policy and friendly ways to […]
Are you considering starting a business in Singapore or already running one? Compliance with the country’s business licence regulations is a crucial factor you need for smooth operations. Failing to obtain the necessary licences can have significant consequences for your business. Let’s explore the specifics of business licences and their role in your business compliance. […]
Incorporation for foreigners in Singapore is easy and simple with the right partner. Singapore business laws provide many options to foreigners interested in creating a business in the country. The key here is to figure out which route works for you — and we’re here to help you figure that out! Incorporation for foreigners in […]
The Fair Consideration Framework (FCF) is a crucial factor in attracting and retaining talented professionals from different countries and ethnicities in Singapore’s CBD. By balancing competitiveness and local’s interests, the Singapore government has created a vibrant and diverse workforce. But this balancing act has certain effects on the Employment Pass (EP) application process. We’ll dig deeper […]
The 2023 Singapore Personalised Employment Pass (PEP) period is now open, bringing new updates and considerations for both first-time applicants and renewals. The Ministry of Manpower (MOM) has implemented streamlined processes and expanded benefits, while also imposing stricter eligibility criteria. Read on to ensure that you have the latest information before submitting your application on or after […]
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