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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 […]
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 […]
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 […]
If you are interested in setting up a Variable Capital Company (VCC), or wish to help your clients understand how the VCC works, here is a quick guide to its tax implications, especially in the areas of income tax, GST treatment and Stamp Duty treatment. Setting up a VCC in Singapore would enable you to […]
Accounting is an important financial function every business owner must engage in. From monitoring transactions to doing financial analysis, every aspect of accounting can help you determine your success or failure in the industry. Among the different accounting tasks, cash flow management is one aspect you need to pay close attention to. Essentially, cash flows […]
As a small business owner, you have a lot of responsibilities from overseeing operations to meeting client expectations and everything in between. Plus, when you factor accounting into the mix, it’s easy to get overwhelmed, especially if you have no prior background. Despite the challenges, it poses, however, accounting is an essential part of your […]
