Singapore Strengthens Its Position as a Trusted Financial Centre with Strong AML Framework Singapore has once again been recognised internationally for its strong anti-financial crime framework. According to the latest peer evaluation report issued by the Financial Action Task Force…
The Importance of Accountants in Choosing the Right Auditors for a Company Choosing the right auditor for a company is an important decision that can affect compliance, financial credibility, and business growth. While many businesses view audits as merely a…
Change of Auditor in Singapore: What Companies Must Know (2026 Guide) Changing an auditor in Singapore is a common yet highly regulated process. Whether driven by cost considerations, service quality, or strategic alignment, companies must ensure that the transition complies…
Singapore continues to strengthen its corporate regulatory framework with the commencement of key provisions under the Corporate and Accounting Laws (Amendment) Act 2025. As announced by the Accounting and Corporate Regulatory Authority (ACRA), selected changes will take effect from 6…
The construction industry has specific GST considerations due to the nature of long-term contracts, progress payments, and cross-border projects. As highlighted by the Inland Revenue Authority of Singapore (IRAS), construction businesses must carefully determine when to charge GST, how to…
The GST treatment for motor vehicles in Singapore differs from normal business assets due to specific rules on input tax restriction and output tax requirements. As clarified by the Inland Revenue Authority of Singapore (IRAS), businesses must carefully determine whether…
Platform Workers in Singapore: Are You Considered a Platform Worker for Tax Purposes? The rise of the gig economy has created a new category of workers known as platform workers. In Singapore, ride-hailing drivers and delivery riders who work through…
Singapore continues to strengthen retirement adequacy for older workers through the gradual increase in CPF contribution rates for employees aged above 55 to 65. To help businesses manage the higher wage cost, the Government will also provide a CPF Transition…
Artificial Intelligence (AI) is now a central pillar of Singapore’s economic strategy. Under Budget 2026, the Government has introduced a comprehensive set of initiatives to help businesses adopt AI, innovate faster, and build future-ready capabilities. These measures go beyond funding…
Singapore Budget 2026 introduces significant enhancements to support lower-wage workers while helping employers manage the transition. The two major measures are: An increase in the Local Qualifying Salary (LQS) Enhancements and extension of the Progressive Wage Credit Scheme (PWCS) These…
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