tax incentives

New Incentives and Tax Measures That Will Impact Businesses from 2022 to 2030

Last February 18, 2022, a S$109 billion budget was passed by the government to contain income, consumption, and wealth taxation. With the financial impact of COVID-19 still fresh in everyone’s minds, the government is working hard to improve its tax system. Key Tax Changes That Will Affect Companies Here are some of the new measures […]

subsidiary company

Quick Guide for Setting Up a Subsidiary Company in Singapore in 2022

A subsidiary is essentially an extension of its parent company, but it’s treated as a separate entity. Another company sets it up to perform a specific function. One example is the marketing or manufacturing of their goods. This business structure is becoming a popular option in Singapore for several reasons. For one, opting for this […]

singapore tourism

Singapore Tourism Industry Outlook for 2022

Singapore has always been considered a top tourist destination for its modern infrastructures, diverse culture, and unique attractions. However, because of the emergence of the pandemic in 2020, the tourism sector has experienced significant drawbacks. It was not until 2021 that the industry started its recovery process. 2021 Tourism Sector Performance Review During the first […]

tax incentives

A Foreign Investor’s Guide to Industry-Specific Tax Incentives in Singapore

The Singaporean government is actively supporting businesses nationwide. They’ve implemented numerous initiatives to provide financial and social support to various companies throughout the years. Among their countless initiatives, the government has offered tax incentives for foreign investors to conduct business in the country with an added advantage. The incentives may vary depending on the industry […]

corporate trends

The Future of Business: 5 Corporate Trends that Will Emerge in 2022

There’s no doubt that the pandemic has affected how businesses are run for the past two years. Everything was modified from their day-to-day operations to their products and services to cater to the new normal. Now, as the new year begins to roll out, companies are expected to undergo further changes due to the ever-changing […]

Tax Policies

Beneficial Tax Policies for Foreigners Doing Business in Singapore

Due to the country’s low taxes and multiple incentive programmes, Singapore has become a tax haven for many entrepreneurs and investors worldwide. Take a look at some of the most beneficial tax policies foreigners can enjoy when they set up their company in this modern city-state. Progressive Tax Rates In Singapore, residents benefit from progressive […]