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The Accounting and Corporate Regulatory Authority (ACRA) requires every company in Singapore to appoint a corporate secretary within six months of the company’s incorporation. The company secretary will be the chief officer in handling various administrative tasks and ensure that the company abides by the regulations. There are times when the company may contemplate changing […]
GST is a tax that is levied on all services consumed in Singapore whether they are procured from local or overseas suppliers. According to current GST rules, services (other than exempt supplies) supplied by a supplier belonging in Singapore is subject to GST while the same services supplied by a supplier belonging outside Singapore is […]
As a business-friendly city-state, Singapore leads by example in introducing reduced corporate income tax rates as well as tax exemptions and incentives. However, all business decisions have tax implications and it is important that your company manages its income tax obligations efficiently. Read on for a quick guide to tax computations and why they are […]
Sole proprietorship is considered as the most basic type of business structure in Singapore. This is ideally recommended for small businesses owned by a single individual. It is easy to set up, takes minimal costs and simple compliance requirements. Thus, it is the favoured entity type for most first time and small entrepreneurs General Characteristics […]
