Job Vacancies 2016Job Vacancies 2016 5 in 10 job vacancies are PMET jobs; mainly education, healthcare, infocomm and service-related occupations Nearly half of all vacancies as at 30 September 2016 were for profession…
All COR applications have to be e-Filed via myTax Portal from 1 Jun 2017All COR applications have to be e-Filed via myTax Portal from 1 Jun 2017 In line with Government’s direction to harness technology for enhanced productivity, all COR applications have to be e-Filed v…
Committee on Future EconomyCommittee on Future Economy SINGAPORE: This country has over the years enjoyed sustained economic growth and successfully weathered many economic crises. Singapore's economy has become more diversifi…
Singapore Set To Become Top Choice For ArbitrationSingapore Set To Become Top Choice For Arbitration SINGAPORE: On January 10, this year, Parliament passed amendments to the Civil Law Act which paves the way for businesses involved in international …
Improving Re-employment Opportunities for Older WorkersImproving re-employment opportunities for older workers Retirement and Re-employment (Amendment) Bill 2016 and Revised Tripartite Guidelines on the Re-employment of Older Employees The Retirement and…
ASC publishes the 2017 Volume of FRSs and INT FRSs and the SFRS for Small EntitiesASC publishes the 2017 volume of FRSs and INT FRSs and the SFRS for Small Entities The Accounting Standards Council (ASC) publishes the 2017 volume of Financial Reporting Standards (FRSs) and Interpr…
Indicative Margins for Related Party LoansIndicative margins for related party loans IRAS has introduced an indicative margin which taxpayers can apply on each related party loan not exceeding S$15 million as tabulated in this table: Related…
Singapore: Taking Up Secondary Directorship for Employment Pass HoldersSingapore: Taking Up Secondary Directorship for Employment Pass Holders The Ministry of Manpower (MOM) has announced new rules in place for companies appointing Employment Pass (EP) holders as direct…
Goods and Services Tax (GST) – Unauthorised Charging of GST and Price Display RequirementsGoods and Services Tax (GST) – Unauthorised Charging of GST and Price Display Requirements We would like to bring your attention on the following matters: Unauthorised Charging of GST Only GST-regist…
Personal Income Tax Filing Season for Year 2016 in SingaporePersonal Income Tax Filing Season for Year 2016 in Singapore Time to file your Singapore personal tax return Singapore’s personal income tax year is from 1 January to 31 December and income is assess…
Government Accepts Recommendations to Enhance the Progressive Wage Model for Cleaning SectorGovernment Accepts Recommendations to Enhance the Progressive Wage Model for Cleaning Sector The Government has considered and accepted the recommendations contained in the report of the Tripartite C…
Financial Reporting Practice Guidance No. 1 of 2016 – Areas of Review Focus for FY2016 Financial StatementsFinancial Reporting Practice Guidance No. 1 of 2016 – Areas of Review Focus for FY2016 Financial Statements ACRA issues Financial Reporting Practice Guidance No. 1 of 2016 on 8 December 2016. In 2016…
Wage Credit Scheme Payouts for 2017Wage Credit Scheme Payouts for 2017 Employers are reminded to make CPF contributions for employees by 16 Jan 2017 to receive Wage Credit Scheme payouts Employers of eligible Singaporean employees are…
Companies that have yet to update shareholder information with ACRA will not be able to file Annual Returns (effective 3 Jan 2017)Companies that have yet to update shareholder information with ACRA will not be able to file Annual Returns (effective 3 Jan 2017) ACRA had previously informed the Companies that following legislativ…
Mandatory retrenchment notifications from 1 January 2017Mandatory retrenchment notifications from 1 January 2017 A new requirement on mandatory retrenchment notifications will take effect from 1 January 2017. The tripartite partners have issued an advisor…
Singapore-Laos Avoidance of Double Taxation Agreement Enter Into ForceSingapore-Laos Avoidance of Double Taxation Agreement Enter Into Force The new Singapore-Laos People’s Democratic Republic Avoidance of Double Taxation Agreement (DTA) entered into force on 11 Novemb…
Transfer Pricing AdministrationTransfer Pricing Administration From Year of Assessment (YA) 2018, taxpayers must report certain details of related party transactions (RPT) if the value of RPT in the audited accounts for the financ…
Conditions of Employment 2016Conditions of Employment 2016 Greater adoption of work-life initiatives by employers More employers are providing ad-hoc flexible work arrangements and leave benefits to help employees cope with pers…
Changes in SSIC code for Business Activity for some Business EntitiesChanges in SSIC code for Business Activity for some Business Entities Due to changes in the Singapore Standard Industrial Classification (SSIC) issued by the Department of Statistics, the SSIC code f…
