Category Useful

KWSP Mandates Contributions for Non-Malaysian Citizen Employees

Mandatory Contributions for Non-Malaysian Employees

KWSP Mandates Contributions for Non-Malaysian Citizen Employees Introduction Starting in October 2025, employers in Malaysia must register and contribute to the Employees Provident Fund (KWSP) for non-Malaysian employees who hold valid work passes (excluding domestic workers). The move reinforces fairness…

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.…

Getting Productivity Solutions Grant (PSG)

Productivity Solutions Grant (PSG)

Getting Productivity Solutions Grant (PSG) Introduction SMEs in Singapore often juggle many tasks: daily operations, manual work, customer demands, reporting, etc. The Productivity Solutions Grant (PSG) helps lighten that load. It supports local small and medium businesses in adopting IT…

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