New Singapore Law Increases Fines for Corporate Service Providers Violating Anti-Money Laundering Rules A new law in Singapore will increase fines for corporate service providers that fail to comply with anti-money laundering regulations. The fines will rise from S$25,000 to…
Clarifying Tax Planning VS Tax Avoidance: Insights from GCL v Comptroller of Income Tax The recent case of GCL v Comptroller of Income Tax sheds light on the nuanced differences between tax planning and tax avoidance. While tax planning is…
ACRA Takes Action Against Unethical Corporate Service Providers in Singapore The Accounting and Corporate Regulatory Authority (ACRA) is intensifying its efforts to identify and eliminate unethical corporate service providers (CSPs). Subsequently, to prevent companies from being exploited for illegal activities…
CPF Contribution Rate 2024 Interest Rate: The interest rate for CPF in 2024 is set at 4.08% per annum. Contribution Rates: Below 55 years: Employees contribute 20% of their salary, with employers contributing a matching amount. 55 to 60 years:…
How Inflation Erodes the Value of Your Money If it feels like your dollar doesn’t go as far as it used to, you’re not imagining it. The reason is inflation, which describes the gradual rise in prices and the slow…
Labour Market Continues Expansion in First Quarter 2024, Despite Global Economic Risks The Labour Market Advance Release for the first quarter of 2024, released on April 30, 2024, paints a picture of continued expansion, albeit at a moderated pace, reflecting…
Gold prices have been hitting record highs in Q1’2024 The rally in gold persists, with prices reaching an all-time high on Thursday. There’s potential for further increases as central banks continue to acquire bullion at record levels. Aakash Doshi, Citi’s…
The Singapore Dollar (SGD) remained relatively stable against several global and regional currencies in 2023. Data from Bloomberg and The Edge showed the performance of the SGD against major currencies during the year. Singapore Dollar (SGD) Performance The Singapore Dollar…
Singapore Business Environment continues to attract entrepreneurs, investors, and international companies from around the world. The country combines political stability, strong infrastructure, skilled talent, and access to major Asian markets. In addition, Singapore has developed a reputation as a leading…
Singapore Company Compliance is an important responsibility for every company operating in Singapore. Businesses must meet corporate, accounting, and tax obligations throughout the year. In addition, directors should monitor important filing deadlines and maintain accurate company records. Failure to meet…
English 
Chinese