Category Singapore

Deposits & Down Payments: When You Can Claim GST

Deposits & Down Payments

Introduction In your GST accounting, deposits and down payments often raise questions: When can you claim the input tax? What conditions must be met? This article walks you through the common scenarios, IRAS’ rules, and best practices. Key Principle: Claim…

Resident vs Non-Resident Company in Singapore

Resident vs Non-Resident Company in Singapore

Resident vs Non-Resident Company in Singapore – Pros and Cons Explained Introduction When setting up a business in Singapore, one of the key considerations is whether your company will be treated as a resident company or a non-resident company. This…

Input Method Percentage of Completion

Input Method Percentage of Completion

Input Method Percentage of Completion – Revenue Recognition Explained Introduction The Input Method Percentage of Completion is a recognized approach for revenue recognition under IFRS 15 and FRS 115 in Singapore. Unlike the output method, which tracks deliverables, this approach…

Output Method Percentage of Completion

Output Method Percentage of Completion

Output Method Percentage of Completion – A Guide for Revenue Recognition Introduction The Output Method Percentage of Completion is one of the most widely used approaches for recognizing revenue in long-term projects such as construction, engineering, and large service contracts.…

USAFE Accepts Cryptocurrency Payments

USAFE Accepts Cryptocurrency Payments

Introduction: Embracing Cryptocurrency Payments At USAFE, we continuously adapt to the changing financial landscape. To provide clients with more flexibility and efficiency, we are excited to announce that we now accept cryptocurrency payments in Singapore. This move reflects our commitment…

en_USEnglish