Singapore High-Earning Tax Avoiders Under Scrutiny As IRAS Recovers $10m High income earners in Singapore, including property agents, doctors and lawyers, who previously avoided paying their dues in taxes will now have to. So far, $10 million in unpaid taxes has been recovered, and it is still early days yet. More than 20 dentists and…
3E Accounting Featured on ACRA’s DTP Programme Lawrence, Director of 3E Accounting, Singapore is being featured as part of the Directors Training Programme (DTP). Lawrence’s testimonial has been selected. View page: Directors Training Programme (DTP) The DTP was developed by the Accounting and Corporate Regulatory Authority (ACRA) Singapore and is targeted as aspiring, new and existing…
Manufacturing Activity in Singapore Shrinks at Slower Pace on June 2018 Singapore manufacturing growth showed a slower pace as factory activity eased on softer demand. June’s Manufacturing Growth The official Purchasing Managers’ Index (“PMI”) for June, released on July 2, slipped to 52.5, down from previous month’s figure (though the figure stays above the…
Parliament Introduces Changes That Extend Labour Law to Singapore’s PMETs More of Singapore’s workers are set to benefit from protection and better working conditions under the Employment Act’s new proposed changes. The Ministry of Manpower (MOM) Singapore on Tuesday (2 Oct) tabled the Employment (Amendment) Act’s first reading in parliament.This changes will covered all Singapore’s…
Comprehensive Agreement for Double Taxation Avoidance Signed Between Singapore and Brazil On 7 May 2018, Singapore signed a comprehensive agreement with the Federative Republic of Brazil. The agreement pertained to the Avoidance of Double Taxation (DTA), and the agreement was signed between Singapore’s Minister for Foreign Affairs Dr Vivian Balakrishnan and Brazil’s Minister of Foreign…
Dear Valued Clients, Welcome to our E-Newsletter October 2018 October will mark the beginning of the final quarter of 2018. Before we move to October, let us have a quick look at Singapore’s economic performance in the past few months. Following the good performance in Q2, Singapore’s economic performance has seen strong performance in August.…
A Step By Step Guide for Foreigners to Start a Business in Singapore Singapore, a name that signifies economic powerhouse in Asia, has been one of the favorite investment hotspots for foreigners. Many think that starting a new business in Singapore is a daunting task. However, it is straightforward if you are guided with professional…
Singapore Food and Beverage Service(12,000 Hawker Stalls) To Have Unified Payment System Singapore’s Nets system will be bringing cashless payments to 12,000 hawker stalls, canteens and coffee shops. In an attempt to unify what is currently a fragmented e-payment setting, Nets is the first “master acquirer” which will bring this system to the designated vendors…
NRIC Data to Get More Protection with Stricter Rules Singapore’s National Registration Identity Card (NRIC) is about to get a boost in protection from 1 September 2019. New laws in rules in place are set to make it harder to make copies of the NRIC, collect, use or disclose it. These rules are set to…
Dear Valued Clients, Welcome to our E-Newsletter September 2018 I hope this email finds you well! Singaporean economic’s expansion pace is expected to moderate in 2H18 due to the weakening global growth outlook, as well as increased trade tension of the global economy. Having said that, Singaporean economy has seen a steady growth in the…
What Can Consumers Expect After the Formation of Malaysia SST? It was in May this year that the Ministry of Finance in Malaysia declared the abolishment of the GST or the Goods and Services Tax. The government introduced the Malaysia SST or the Sales and Services Tax in its place. The nation’s tax system underwent…
An Overview of Singapore’s Labour Market 2018 What the Second Quarter of 2018 Looks Like in Singapore’s Labour Market Singapore has always been a strong performing nation, and 2018 is no different. The second quarter of 2018’s preliminary report of the labour market should positive growth in employment, despite the fact that unemployment rates…
