What is Singapore Corporate Access (CorpPass)? Singapore Corporate Access or CorpPass is a single corporate digital identity for business users to conduct Government-2-Businesses (G2B) transactions. CorpPass will be progressively rolled out from Sep 2016 to Dec 2017, with more digital services added in each phase. It will replace SingPass/EASY and agency-issued login IDs for businesses…
Singapore and Australia to Share Data to Lower Tax Evasion The Inland Revenue Authority of Singapore (“IRAS”) and the Australian Taxation Office (“ATO”) have entered into a Competent Authority Agreement (“Agreement”) on the automatic exchange of financial account information (“AEOI”) based on the Common Reporting Standard (“CRS”). The CRS is an internationally agreed standard for…
3E Accounting Pte Ltd appreciates the Straits Times (Singapore’s most popular and widely read newspaper) for recognising their efforts to protect pregnant staff and employees from the Zika virus. Declared as a global health emergency by WHO (the World Health Organisation), the Zika outbreak has become a big concern for everyone worldwide. Concerned employers across…
Enterprise Services Insights ranks 3E Accounting Pte Ltd among the top 10 premium compliance service providers of 2016 in the APAC region. The introduction of strict regulatory laws & legal framework changes has made it extremely important for enterprises across Asia Pacific to meet and conform to the new standards in order to stay ahead…
How to Expand Your Business in Vietnam Over the last six years, Vietnam has become one of the top places for business expansion and investment among US investors and exporters alike for all the right reasons. Ranked among the fastest emerging markets, Vietnam has one of the highest economic growth rates worldwide, increasing rapidly at…
Expansion to Asia as the First Step to Business Success Until 2000, both the US and Europe accounted for 2/3 of the economic growth in the world. However, today, things are different. Emerging economies like Singapore, China, India, and Malaysia are truly giving the two continents a tough competition. In fact today, Asia has become…
Total Debt Servicing Ratio(TDSR) Rules Tweaked for Refinancing of Existing Home Loans Existing home owners looking to refinance their home loans will enjoy more flexibility with relation to the Total Debt Servicing Ratio (TDSR), the Monetary Authority of Singapore said on Thursday (Sept 1) The move will allow property owners to take advantage of current…
Dear Reader, Welcome to our E-Newsletter September 2016 Its another month again and we are eager to update you with the latest developments in our firm. We are glad to present you our newsletter for the month. August has been another eventful month for us yet again. We are striving steadily forward in our expansion…
New Conditions for Factory-Converted Dormitories From 1 January 2017 by MOM All operators of Factory-Converted Dormitories (FCDs) must meet four new conditions imposed by the Ministry of Manpower (MOM) when seeking approvals or renewals to use their industrial premises to house foreign workers, from 1 January 2017. This follows MOM’s call earlier this month to…
Ministry of Manpower (MOM) Dismantles Syndicate Involved in the Illegal Importation of Labour The Ministry of Manpower (MOM) mounted an island-wide enforcement operation from 26 to 27 July 2016 against a syndicate involved in bringing in foreign workers for illegal employment. The operation lasting more than 48 hours took place at several locations including offices,…
New Regulatory Measures to Further Raise the Audit Quality Bar by ACRA New regulatory measures will be introduced to ensure auditors in Singapore continue to uphold high audit quality standards. The new regulatory measures were developed following a review by ACRA of audit inspection insights gleaned from a decade of audit inspections conducted under its…
Singapore and Ethiopia Sign Agreement for Avoidance of Double Taxation (DTA) Singapore signed an Agreement for the Avoidance of Double Taxation (DTA) with Ethiopia on 24 August 2016. The signing took place in Singapore between Minister for Trade and Industry (Industry) Mr S. Iswaran and Ethiopia’s Minister of Foreign Affairs, Tedros Adhanom. The DTA clarifies…