Blog
ACRA Advises Directors to Spare Time to Ensure Accuracy of Financial Statements
ACRA (Accounting and Corporate Regulatory Authority of Singapore) is concerned about the thoroughness of the financial statements filed by the Singapore-listed companies. The Financial Reporting Surveillance Program (FRSP) run by it has revealed...
Read More Oct 7, 2015
U-Save GST Vouchers Take the Sting Out of Monthly Expenses
Singapore provides for the well-being of its citizens. In a bid to make their life a little bit easier, the Ministry of Finance (MOF) has announced GST Vouchers Utilities-Save (U-Save) rebates for the month of October 2015. It is estimated that as...
Read More Oct 7, 2015
Singapore Collected SGD43.4bn in Tax Revenues in 2014–15
The Inland Revenue Authority of Singapore (IRAS) is responsible for collecting taxes from the individual taxpayers and the companies operating in Singapore. According to the latest annual report published by the IRAS for the FY 2014-15, it...
Read More Oct 5, 2015
“Know-Your-Customer,” says ACRA to Singapore Incorporation Service Providers
Since 2009, Singapore is steadily improving its regulatory framework to bring more accountability to the Singapore companies. ACRA (Accounting and Corporate Regulatory Authority), took it a little further by implanting changes in it, in July 2015....
Read More Oct 5, 2015
India Beats China and the USA, Singapore Stays Second-most Competitive Economy
According to a report published in Financial Times, London, India came up as the top destination for the Foreign Direct Investment (FDI) in the first half of 2015. It attracted 31 billion dollars in FDI and pushed China and the USA to the second...
Read More Oct 3, 2015
Will PoEM Affect the Singapore Subsidiary Companies Formed by the Indians?
The corporate income tax rates in Singapore range from 0% – 17% which is lower than the corporate tax range of 0% – 30% in India. In addition, there are no taxes on the dividends and inheritance. On the other hand, Indian tax kicks in...
Read More Aug 13, 2015
