GST Registration
Singapore Singapore Knowledge SeriesGST in Singapore is, in simple terms, a consumption tax. It sits on most goods and services sold locally and
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.
GST Filing Requirements Read More »
Tax Invoice If you’re GST-registered in Singapore, there’s no getting around it — when you sell to another GST-registered business,
Basic Invoicing Rules Read More »
Let’s be honest — in Singapore, keeping proper records isn’t just “good business practice.” It’s mandatory. And not in a
Filing GST returns is not optional. It’s a hard deadline, and once that date slips, the problems begin. When a
Implications of Late GST Filing Read More »
When a business stops running in Singapore, owners often ask — what next? Keeping the company alive on paper costs
Strike off Company in Singapore Read More »
Taxation for individuals in Singapore begins with a key question: are you a resident or not? The answer depends on
Taxability of Individuals in Singapore Read More »
In Singapore, not every business structure is seen as a company for tax purposes. Sole proprietorships and partnerships fall outside
Taxability of Corporates Read More »
The Certificate of Residence, usually called COR, is a letter that IRAS issues to confirm that a company or individual
Certificate of Residence (COR) Read More »
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
Estimated Chargeable Income (ECI) Read More »
Every company that has been set up in Singapore has to deal with tax filings — it is not optional,
Tax Return Requirements Read More »
Starting a business in Singapore is not just about having an idea or funds; the law requires that every person
Incorporation of Company Read More »
If you’re running a company in Singapore, issuing new shares isn’t just a matter of internal agreement. The law has
Allotment of Shares in Singapore Read More »
A share certificate is not just paper; it’s the official confirmation that someone owns shares in a company. Think of
Issuance of Share Certificates Read More »
The Register of Registrable Controllers (RORC) is essentially the company’s record of its beneficial owners. It is a statutory requirement
Register of Registrable Controllers Read More »
When talking about foreign professionals working in Singapore, the Employment Pass—or EP as most call it—comes up immediately. Issued by
Employment Pass (EP) Read More »
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
Annual General Meetings Read More »
Every company in Singapore, and now also Variable Capital Companies (VCCs), has one recurring obligation — filing the annual return
ACRA Return Filing Read More »
In Singapore, every company carries a responsibility — and that responsibility includes having its financial statements and accounts reviewed by
Audit Requirements in Singapore Read More »
Starting a business isn’t just about having a great product or service — it’s also about navigating the legal and
Startup Series – Benefits under Companies Act, 2013 Read More »
For many entrepreneurs, the first big hurdle is not the idea, but the lack of money to prove it can
Startup India Seed Fund Scheme Read More »
India’s startups have outgrown being a niche experiment. They’re hiring people, building products, and scaling fast. The problem was simple:
Startup Series #8 – Labor Law Relaxations Read More »
When startups in India look to scale, they often tap into foreign capital — whether through direct investment, overseas expansion,
Exchange Control Provisions for Startups Read More »
When someone sells their home and makes a profit, it’s usually followed by a hefty capital gains tax. But what
Capital gain exemption on investment in startups Read More »
This part of the Succession Planning Series focuses entirely on discretionary trusts, a structure where beneficiaries do not have defined
Taxation of Trust – Part 4 Read More »
In the early stages, startups often go through long periods of losses before breaking even. Many of them raise equity
Carry forward & set off of losses by startups Read More »
Startups often face a unique challenge: they want great talent, but they don’t always have the cash to offer competitive
Startup Series – Taxability of ESOPs Read More »
When startups raise funding, they’re not just thinking about how much they’re getting — they’re also thinking about what they’re
Angel tax exemption Read More »
In the early stages of running a business, every rupee counts. For startups, the pressure is real — you’re balancing
Startup tax holiday Read More »
In the first part of M2K’s Startup Series, we’re starting with the basics: how a business gets officially recognised as
Startup recognition Read More »
India’s automobile industry is one of the largest in the world, but it faces challenges that prevent it from reaching
Production Linked Incentive Scheme for Automobile and Auto Components Sector Read More »
India’s textiles industry is vast and diverse, but until recently, its global competitiveness in certain high-value categories has been limited.
Production Linked Incentive Scheme for Textiles Sector Read More »
The Scheme for Remission of Duties and Taxes on Export Products (RoDTEP) is one of the most significant changes in
Scheme for Remission of Duties and Taxes on Export Products (RoDTEP) Read More »
For nearly two decades, one of the most debated issues in Indian international taxation was whether payments to non-residents for
Taxability of Payment to Non-residents for Software as “Royalty” – Supreme Court Ruling Read More »
The Finance Act, 2020 brought a major change to the scope of Tax Collected at Source (TCS) by introducing sub-section
Tax Collected at Source (TCS) on Sale of Goods Read More »
The Foreign Trade Policy (FTP) is a five-year framework issued by the Department of Commerce and Industry under the Foreign
Extension of Foreign Trade Policy (2015–20) by One Year Read More »
When India went into lockdown in March 2020, the government, regulators, and the Reserve Bank of India quickly introduced a
Relief Measures in India due to COVID-19 Read More »
The sudden outbreak of COVID-19 and the nationwide lockdown in March 2020 created an immediate challenge for taxpayers across India.
Relaxation in Compliances under Goods and Service Tax law due to COVID-19 Read More »
The 39th GST Council Meeting, held on 14 March 2020, brought several important changes to simplify compliance, clarify rules, and
Amendments to GST law based on recommendation of 39th GST Council Meeting Read More »
The Companies’ Fresh Start Scheme, 2020 (CFSS-2020) was introduced by the Ministry of Corporate Affairs (MCA) to give companies a
Companies’ Fresh Start Scheme 2020 Read More »
The Companies (Amendment) Bill, 2020 was presented in the Lok Sabha on 17 March 2020 as part of a larger
Companies Amendment Bill, 2020 – Part II Read More »
The Companies (Amendment) Bill, 2020 was introduced in the Lok Sabha on 17 March 2020 during the Budget session. Its
Companies (Amendment) Bill, 2020 Read More »
The Finance Act, 2020 received Presidential assent on 27 March 2020, giving legal effect to the proposals introduced in the
M2K – Insight on Finance Act 2020 Read More »
The Finance Act, 2019 introduced sweeping changes to the Indian Stamp Act, 1899, particularly in relation to securities transactions. Until
M2K Alert – Stamp duty implications pursuant to amendment in FA 2019 Read More »
The Ministry of Corporate Affairs (MCA) introduced the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020, to strengthen
M2K-Alert-Whole-time CS And Secretarial Audit Read More »
Corporate restructuring through amalgamation often creates complicated intersections between company law and income tax law. A recurring issue arises when
On 20 September 2019, the Government of India announced a sweeping set of tax reforms that changed the way companies
The Companies (Amendment) Act, 2019, published in the Gazette on 31 July 2019, represents a significant milestone in India’s ongoing
Key takeaways from Companies (Amendment) Act, 2019 Read More »