The worldwide tax scene is intricate and multi-faceted. Because of the economic effect of COVID-19 that was further exacerbated by quarantines, self-isolation, and lockdowns, governments around the world have had…

Singapore’s market-friendly tax regime is famed worldwide and has seen the country attract a host of celebrity immigrants like Jackie Chan and Jet Li.  As a favourable tax haven, Singapore’s…

Audits have become more common due to the increasing complexity of the two primary accounting frameworks. These are the Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).…

In an earlier article, we gave an overview of the Goods and Services Tax (GST) in Singapore. In this article we shall elaborate on the GST registration process in greater…

The Goods and Services Tax or GST in Singapore is known in other countries as the Value-Added Tax (VAT). It was introduced in 1994 and is still in effect. This…

In Singapore, Goods and Services Tax (GST) registration is compulsory for a person or corporation that has a total taxable turnover exceeding S$1 million and fulfills one of three views:…

All Singapore-incorporated companies must have their financial statements filed with the Accounting and Corporate Regulatory Authority (ACRA) of Singapore. However, not all must have the statements audited. If a company…

The estimated chargeable income (ECI) covered in this article is applicable to companies only. Since 2020, it has become compulsory for all companies to e-file ECI, including new companies. However,…

There are two types of statuses in corporate tax terms for businesses in Singapore. One is Resident and another is Non-Resident. We discuss this topic in greater detail. What is…

All business entities in Singapore, whether local or foreign, are liable to pay corporate income tax. Aside from this, there are a few types of taxes which may affect the…