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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 […]
With the changing economic and job landscape, experts share important skills employers need to consider when hiring new talent for their companies in the coming months. The evolution in the demands can be attributed to four key trends in the country: Development of care economy that prioritises one’s physical and mental health Digital transformation due […]
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 […]
Since becoming independent in August 1965, Singapore’s economy has grown rapidly. Often called Southeast Asia’s tiger economy, the Lion City boasts one of the world’s highest per capita Gross Domestic Product (GDP). The City State’s economic boom over the years is no accident – it is a result of meticulous ‘free-market’ economics and autocratic policies, […]
