Singapore’s Budget 2024 brings significant tax changes aimed at supporting businesses, enhancing competitiveness, and ensuring alignment with international standards. Here’s a comprehensive overview of the key tax changes affecting businesses: 1. Corporate Income Tax (CIT) Rebate To alleviate the burden…
Planning for GST Rate Increase in 2024 As a business owner, it’s vital to stay responsive to tax changes. Here’s how to prepare for the upcoming GST rate increment. Updating Accounting Software Ensure your accounting systems are up-to-date to accurately…
In today’s competitive business landscape, it is imperative for entrepreneurs and business owners to optimize their financial strategies, one of which includes making informed decisions regarding Goods and Services Tax (GST) registration. Understanding the situational benefits and limitations of voluntary…
Navigating corporate regulations in Singapore can present a unique set of challenges, particularly for foreign entrepreneurs looking to establish a presence in the local market. One such regulatory requirement stipulates that every company must have at least one resident director…
Do you aware that Ministry of Manpower (MOM) has implemented Complementarity Assessment Framework (COMPASS) for EP applications in Singapore with effect from 1 September 2023 and 1 September 2024 for EP renewals. What is COMPASS? COMPASS is a transparent system…
GST The Goods and Services Tax (GST) in Singapore is a consumption tax levied on the supply of goods and services. As a business owner, it is crucial to comprehend GST registration requirements to maintain compliance with the law. GST…
Singapore is regarded as a highly appealing destination for businesspeople due to various aspects that contribute to its business-friendly atmosphere, including:
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