Reading time 9 minutesGST Registration in Singapore – Expert Service by Lanturn Goods and Services Tax (GST) is a tax registered businesses in Singapore must account for once they reach a certain turnover threshold. Similar to Value-Added Tax or VAT, GST is a consumption tax levied on the import of goods and most of the supplies […]
Reading time 10 minutesAs one of the most business-friendly nations in the world, Singapore attracts entrepreneurs and investors worldwide looking to expand their businesses in Asia. For foreign entrepreneurs, EntrePass serves as a gateway to setting up and starting a business in Singapore. This blog is a complete guide for foreign entrepreneurs in Singapore. It covers […]
Reading time 9 minutesAccounting Services in Singapore: Essential Guide for Startups Singapore has rapidly evolved into a powerhouse for startups, boasting over 4,500 new ventures since the startup scene took off in 2012. This significant growth stems from a strong tech scene, excellent infrastructure, and supportive government policies. While opportunities are abundant in this city-state, it’s […]
Reading time 10 minutesCorporate Accounting: Meaning, Importance, and Types Explained Corporate accounting is the backbone of every business. It transforms financial data into actionable insights by gathering, analysing, classifying, interpreting, and presenting data. Today’s dynamic business landscape requires businesses to possess a blend of skills, technical expertise, relevant experience and advanced digital tools to ensure compliance […]
Reading time 17 minutesBetween Q2 2021 and 2023, Singapore’s startup economy was valued at S$144 billion. In 2024, it ranked 7th in the Global Startup Ecosystem Report 2024, up one spot from 2023, solidifying its status as an innovation nation. Given its emphasis on research and innovation, it’s no surprise that the city-state emerges as a […]
Reading time 9 minutesAnother 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. […]
Reading time 10 minutesAs 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 […]
Reading time 4 minutesIn 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 […]
Reading time 7 minutesSingapore 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 […]
Reading time 14 minutes Preparing financial statements is integral to running a successful business, providing a snapshot of a company’s financial performance and position. Understanding these documents can be overwhelming for those just starting, but with the right guide, you can gain the necessary knowledge to make informed decisions. We’ve written a comprehensive guide to walk […]
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