Withholding tax and GST in Singapore

Goods and Services Tax (GST) Goods and services tax (GST) is a tax on domestic consumption. GST is a broad-based consumption tax levied on the import of goods (collected by Singapore Customs), as well as nearly all supplies of goods and services in Singapore. In other countries, GST is known as the Value-Added Tax or […]

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Tax Incentives available to all Singapore companies

When Singapore separated from Malaysia almost 50 years ago, it was a struggling city-state with no natural resources of its own, except its people. Thus, to promote economic growth and development, the leadership of the country decided to open doors and invite foreign investments and international trade. Business-friendly and efficient tax policies were implemented; English […]

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Taxation of non-resident directors in Singapore

When incorporating a Singapore company, the law mandates the appointment of at least one resident director on the board of the company. Singapore Companies Act mandates that a company must have a resident director on the board of directors of the company, a company can also appoint non-resident directors. A company cannot function on its […]

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What is an accounting service in Singapore

Since all companies registered in Singapore must keep proper books of accounting as stipulated by the Singapore Companies Act, engaging an accounting specialist to help with your accounting, payroll and GST registration services is a good idea. Hence, Accounting and bookkeeping services in Singapore are more often outsourced to accounting services provider firms nowadays for […]

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Why Hire A Corporate Services Firm In Singapore For Effective Tax Compliance

If there’s one thing that makes Singapore the perfect place to do business today is its friendly tax rates. In fact, this is one of the reasons why it was named the world’s best business location, next to London. The Lion City boasts low corporate income tax, well-structured tax incentives, and transparent tax policies that […]

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What are the corporate taxes in Singapore

What are the corporate taxes in Singapore ? Well, incorporating a Singapore company would bring you numerous benefits. From availability of affordable funding, ease of doing business, excellent connectivity, robust IP protection and legal system, and strategic location among the world’s leading emerging markets. But, one of the most important benefit it’s also the city-state’s […]

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