Singapore Knowledge Series

The scheme runs from 1 April 2012 through 31 December 2030. Companies can benefit either through the automatic route—where some

Until recently, Singapore had remained one of the most attractive jurisdictions for companies handling international investments, particularly because of its

Until 31 December 2023, Singapore maintained a longstanding position—capital gains from the sale or disposal of both domestic and foreign

In Singapore, the issuance of new shares is not a decision directors can make on their own. While the board

On 26 April 2023, the Ministry of Finance (MOF) announced a major revision to Additional Buyer’s Stamp Duty — and

FinTech isn’t a passing buzzword anymore—it’s the machinery under much of today’s financial system. But here’s the catch: while the

Withholding tax, often shortened to WHT, is really about the government collecting tax at the point of payment rather than

In Singapore’s GST framework, “input tax” refers to the GST your business pays on purchases — whether that’s buying goods

If you’re GST-registered in Singapore, the general idea is simple: you can claim the GST you’ve paid on business purchases

The Auto Inclusion Scheme, or AIS as it is more commonly called, was introduced to simplify the way employment income

GST in Singapore is, in simple terms, a consumption tax. It sits on most goods and services sold locally and

Every business that registers for GST in Singapore steps into a firm obligation — quarterly filing of returns with IRAS.

Tax Invoice If you’re GST-registered in Singapore, there’s no getting around it — when you sell to another GST-registered business,

Let’s be honest — in Singapore, keeping proper records isn’t just “good business practice.” It’s mandatory. And not in a

When a business stops running in Singapore, owners often ask — what next? Keeping the company alive on paper costs

Taxation for individuals in Singapore begins with a key question: are you a resident or not? The answer depends on

In Singapore, not every business structure is seen as a company for tax purposes. Sole proprietorships and partnerships fall outside

The Certificate of Residence, usually called COR, is a letter that IRAS issues to confirm that a company or individual

A dormant company, in simple terms, is one that has stopped carrying on business activity. That means no trading, no

Estimated Chargeable Income, or ECI, is basically an early estimate of a company’s taxable profits for a given Year of

Every company that has been set up in Singapore has to deal with tax filings — it is not optional,

Starting a business in Singapore is not just about having an idea or funds; the law requires that every person

If you’re running a company in Singapore, issuing new shares isn’t just a matter of internal agreement. The law has

A share certificate is not just paper; it’s the official confirmation that someone owns shares in a company. Think of

The Register of Registrable Controllers (RORC) is essentially the company’s record of its beneficial owners. It is a statutory requirement

When talking about foreign professionals working in Singapore, the Employment Pass—or EP as most call it—comes up immediately. Issued by

The term XBRL—short for eXtensible Business Reporting Language—may sound technical, but in Singapore it has become an everyday compliance matter.

Every company in Singapore comes face to face with the concept of an Annual General Meeting (AGM). It isn’t just

Every company in Singapore, and now also Variable Capital Companies (VCCs), has one recurring obligation — filing the annual return

In Singapore, every company carries a responsibility — and that responsibility includes having its financial statements and accounts reviewed by