Singapore to Simplify Penalty Framework for Late Annual Lodgements

All incorporated companies in Singapore, including local companies, foreign companies, variable capital companies, and limited liability partnerships, are obligated to file annual lodgment following their financial year-end. Timely filing of the annual lodgment is a vital statutory requirement since it guarantees timely public disclosure of key details, including the entity’s status and health. Companies, VCCs […]


How Budget 2021 Will Support Businesses in Singapore

In 2020, the Singapore government committed nearly SGD 100 billion and various support schemes to help businesses and citizens overcome the economic turmoil due to the COVID-19 pandemic. Singapore Budget 2021 provides continued support to businesses with new measures and extends existing programmes. This article discusses how Budget 2021 helps businesses in Singapore to grow, […]