Singapore Government Access (also known as CorpPass), is a digital service created and monitored by the Government Technology Agency (GovTech) of Singapore. It is now the only login method for businesses to transact with the government. This is effective from 1 September 2018. This means that previous login methods such as Singapore Personal Access (SingPass) and e-Services Authorization System (EASY) will no longer be available.
ACRA’s legislative amendments targeted to be implemented by the first half of 2018.
Aligning corporate compliance timelines to the Financial Year End (FYE). The timelines for holding Annual General Meetings (AGMs) and Annual Returns (AR) filing will be aligned with the company’s FYE. This will provide a greater clarity and improve the companies’ compliance requirements as stated in the Companies Act.
Singapore Budget 2018 was said to be visionary and forward looking with an eye for the long run. It is about laying the foundation for Singapore’s development in the next decade, helping businesses to transform thus ensuring that Singapore companies remain competitive. Here is how Singapore Budget 2018 affects your business.
Did you know that is it mandatory by law that a company is managed by a board of directors (usually the Chief Executive is part of) under Section 157A of the Companies Act. Although day-to day operations are delegated to executives, there are still business decisions that directors have to make in accordance with their duties which this blog post intends to highlight.
Singapore’s Finance Minister Mr Heng Swee Kiat, announced Budget 2017 last February. “Innovation”, “Partnership” and “Adaptability” are some of the buzzwords used in his speech.
Are you thinking of running a business from the comforts of your home? Do you know that depending on your nature of business, you can or cannot run your business from home?
This post will shed some light on how you can conduct your business from home in accordance to Singapore’s legislation.
Are you thinking of setting up a Trading Company in Singapore, but not sure how? Here we list down 10 steps which will guide you through the process.
last updated on 07/11/2017
The Corporate Tax Filing Season is here. This post will provide you with the information on corporate income tax filing to help you better understand your tax filing obligations.
Does my company need to file a tax return this year?
Singapore is known for having one of the world’s most attractive tax rates for enterprises. A key consideration for entrepreneurs who are deciding where to register their companies is the country’s corporate tax rates. In our previous blog post, we talked about Why Singapore is still the best place to do business? So it is not just the ease of business formation process but also and more importantly, the tax rate which is lower as compared to other developed nations. This blog post will highlight three of the common tax reliefs for Singapore companies.
This post summarizes the penalties for late filing with the Accounting and Corporate Regulatory Authority of Singapore (ACRA) and/or Inland Revenue Authority of Singapore (IRAS).
Under the Companies Act (CA), you and your company have statutory obligations to:
(a) hold Annual General Meeting (AGM) within 18 months after incorporation. Subsequently, AGMs can be held every calendar year at interval no longer than 15 months. – section 175
(b) file up to date Annual Returns (AR) with the Registrar within one month after the AGM. – section 197
(c) present up to date financial statements at the AGM and the information should date no more than 6 months before the AGM. – Section 201
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