Should Small Businesses in Singapore Register for GST Voluntarily?

In Singapore, businesses with annual taxable turnovers exceeding or are likely to exceed S$1 million from the sale of taxable goods and services are required to register for Goods and Services Tax (GST).  If your company’s annual taxable turnover does not exceed S$1 million, it is generally up to you to decide if you wish […]

new-programme-to-aid-sme leaders-drive-transformation-and-growth

New Programme to Aid SME Leaders Drive Transformation and Growth

On October 28, the Enterprise Leadership for Transformation programme, or ELT, which was announced during the Budget 2020, was finally launched. As part of the new initiative, leaders from small to medium-sized enterprises will learn how to drive growth and changes to their businesses. Although most of the government support has been intended for employees, […]


An Entrepreneur’s Guide to Setting Up An Exempt Private Company in Singapore

Singapore is a sovereign city-state with an attractive tax system, a robust economy and an excellent business environment. It has been ranked as one of the easiest places to do business consistently over the years. Businesses in the country can be categorised into unlimited or limited companies, as well as private or public companies. Private […]


Understanding the Phase 3 Reopening of Singapore for Businesses

Singaporeans can anticipate the country to make a transition into phase three reopening in a cautious and calibrated manner, similar to the way restrictions are eased up in the various stages of the current phase two. Experts see the hazy boundaries between two phases as a great approach.  The Nanyang Technological University’s Lee Kong Chian […]