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Lanturn Blog

In Collaboration with Veremark Singapore’s thriving economy attracts numerous international professionals annually. Positioned as the financial hub of Asia, Singapore has successfully navigated through the challenges of the global financial crisis and the COVID-19 pandemic, elevating its status as a preferred destination for living, working, and conducting business. Regarded as an attractive place to live […]

Another change has come 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 […]

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, businesses need 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, as you spread […]

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. […]

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. However, this balancing act has certain effects on the Employment Pass (EP) application process. We’ll dig […]

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