Singapore Company Incorporation is a straightforward process thanks to the digital registration system administered by the Accounting and Corporate Regulatory Authority (ACRA). Before beginning your Singapore Company Incorporation, businesses should prepare the necessary documents, statutory information, and compliance requirements to…
Intangible Assets: Why They Are Becoming More Valuable Than Physical Assets The global economy is changing rapidly. In the past, businesses created value mainly through tangible assets such as land, buildings, machinery, vehicles, and inventory. Today, however, many successful companies…
Singapore Customs Investigates Traveller Carrying Pokémon Trading Cards Worth Over S$30,000 Singapore Customs is investigating a case involving a traveller who allegedly failed to declare Pokémon trading cards valued at more than S$30,000 upon arriving in Singapore. According to a…
Owner of Eminent Frog Porridge Restaurant Charged with $3.8 Million Tax Evasion and Money Laundering Offences The Inland Revenue Authority of Singapore (IRAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force have jointly charged the owner of…
Worried About Tax Evasion? Here’s How We Can Help Your Business Stay Compliant Tax compliance has become increasingly important for businesses in Singapore. Recent enforcement actions by the Inland Revenue Authority of Singapore (IRAS) demonstrate that tax authorities are actively…
Singapore’s accountancy profession is undergoing a major transformation. In response to rapid technological advancements and growing sustainability requirements, the Accounting and Corporate Regulatory Authority (ACRA) has launched a refreshed Skills Framework for Accountancy (SFw) to help professionals and businesses stay…
Can You Claim Tax Relief for Your Pet in Singapore? Unfortunately, the Answer Is No Pets have become an increasingly important part of modern families. Whether it is a dog, cat, rabbit, hamster, or even a bird, many pet owners…
An Auditor Can Be a Good Adviser for the Company Many business owners view an auditor solely as a statutory requirement. Once a company reaches the audit threshold or requires audited financial statements, management often focuses only on completing the…
Is Income Earned from SIR or SAR Pokémon Cards Subject to Tax in Singapore? The Pokémon Trading Card Game (TCG) market has grown significantly in Singapore, especially for highly valuable cards such as Secret Illustration Rare (SIR) and Special Art…
IRAS ASK Review Singapore: What Businesses Should Know Businesses in Singapore are expected to maintain proper tax governance and accurate GST reporting. To encourage stronger compliance standards, the Inland Revenue Authority of Singapore (IRAS) introduced the Assisted Self-help Kit (ASK)…
English 
Chinese