Reading time 15 minutesWhat is CRS? The Common Reporting Standard (CRS) is a global tax transparency framework developed by the OECD to prevent offshore tax evasion. Adopted by Singapore in 2017, CRS requires Reporting Singapore Financial Institutions (SGFIs) such as banks, custodians, investment entities, and specified insurance companies to identify reportable accounts, collect key account holder […]
Reading time 16 minutesFiling corporate taxes in Singapore is a must for all companies, whether resident or non-resident, and is overseen by the Inland Revenue Authority of Singapore (IRAS). The corporate tax rate is a flat 17%. Still, with schemes like the Start-Up Tax Exemption (SUTE), Partial Tax Exemption (PTE), and industry-specific incentives, many businesses, especially […]
Reading time 13 minutesNavigating the income tax bracket Singapore is essential for business founders, corporate professionals, and high-net-worth individuals managing diverse income streams. With updates to regulations and the IRAS income tax bracket structure always coming in, understanding your income tax bracket SG in 2025 is not only crucial for compliance but also for efficient tax […]
Reading time 10 minutesAccurate accounting and financial management are the foundation of efficiently running a business. It is crucial for small and medium-sized enterprises (SMEs), and many SMEs are now turning to cloud-based accounting software. Cloud-based accounting tools simplify bookkeeping and small business accounting, enable regulatory compliance, and enable businesses to make more informed operational decisions. […]
Reading time 9 minutesEvery business, irrespective of its size or industry, must maintain accurate financial records. These records monitor performance and ensure compliance with regulations, especially during tax filing in Singapore. One of the most essential tools in this process is the General Ledger. But what is a general ledger exactly? And why is it crucial […]
Reading time 9 minutesWhat Is E-Invoicing? Key Benefits Every Singapore Business Should Know In today’s digital-first economy, efficiency isn’t just an advantage – it’s a necessity. Whether you’re a startup founder, a C-suite executive, or an ambitious consultant seeking to establish your presence in Singapore, adopting modern tools like e-invoicing can give your business a competitive […]
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 8 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 […]
Subscribe to get content sent straight to your inbox.
