Stamp duty is a tax on transactions, such as share transfers, whether buying shares in an existing company or receiving them as a gift. It is calculated based on the purchase price or net asset value, whichever is higher and must be paid before signing the transfer document. It is a legal requirement in Singapore […]
Executive Summary One of the most common questions investors and businesses ask is: Are dividends taxed in Singapore under the Corporate Tax Singapore system? The answer is No. Dividends paid by Singapore-resident companies are tax-exempt under the one-tier corporate tax system. This means companies pay corporate tax on their profits, but once dividends are distributed, […]
FATCA Meaning FATCA stands for the Foreign Account Tax Compliance Act, a U.S. law requiring foreign financial institutions to report U.S. taxpayers’ overseas accounts to the IRS. CRS, on the other hand, is a global OECD initiative where over 100 jurisdictions exchange financial account information to prevent tax evasion. In Singapore, IRAS enforces both FATCA […]
In today’s crowded venture capital landscape, winning over investors is more challenging than ever. Whether they’re backing early or late-stage startups, venture capitalists (VCs) want to see clear signs that their money will grow. For founders, one effective way to demonstrate profitability and long-term potential is by showcasing your company’s Internal Rate of Return (IRR). […]
Filing an annual return is a legal obligation for Singapore businesses under the Companies Act. This yearly submission to the Accounting and Corporate Regulatory Authority (ACRA) offers an official update on your company’s financial standing and corporate structure, which is essential for maintaining transparency and compliance in Singapore’s business landscape. In this comprehensive guide, we […]
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