The Complete Guide On How To Pay Tax in Singapore
6 minutes The Singapore income tax system is one of the most direct and simplest tax systems in the world due to the Singapore government maintaining a low tax rate by taxing on consumption rather than income. But if you are still facing issues, this guide provides you with all you need to know about how to pay tax in Singapore.
Understanding How To Calculate Singapore Income Tax and Your Personal Tax Obligations
3 minutes The Singapore government has implemented a progressive tax system, meaning that the country’s various income levels are taxed at different rates. This article will discuss how to calculate Singapore income tax with examples.
A Comprehensive Guide To Singapore Company Financial Year End
4 minutes A company’s financial year end in Singapore is the end of its accounting period, which is generally repeated every 12 months. A company’s financial year end does not have to fall on December 31st; it can occur on the last day of any month during the year.
How Much Personal Income Tax Should I Pay In Singapore?
4 minutes Singapore has one of the most relaxed tax laws, and because of this, it is important to understand how much income tax to pay in Singapore and how the tax system works.
Loved by businesses and entrepreneurs around the world, Singapore enforces the ideas of free trade with very relaxed trade laws, business friendly government policies and minimal taxes.
How To Set Up A Singapore Representative Office?
5 minutes Companies all around the world are eager to conduct business in Singapore. However, for entities that are not entirely convinced of the business “haven” description of Singapore and prefer to take as low a risk as possible when starting in a new business environment or region, they might consider the option of a Singapore Representative Office Registration.
From company incorporation to the roles and responsibilities of directors and corporate secretaries, and recent amendments impacting audit exemptions and filing procedures, this article explores the essential aspects of the Singapore Companies Act that every business owner must be well-versed in.
GST Registered In Singapore: How Is GST Handled in Singapore?
4 minutes If you run a business in Singapore, you must familiarise yourself with the Goods and Services Tax (GST).
It may sound like a fairly complicated concept for those who have never heard about GST but the truth is that learning about GST will significantly affect how your business is run.
A Comprehensive Guide On Handling Singapore Tax Invoice
4 minutes As a business owner, understanding the Singapore tax invoice requirements are crucial regardless of your business type and operations scale. These documents are an essential part of an organization’s bookkeeping procedures.
Also, they’ll help your business file taxes and claim tax refunds. While invoices are a great addition to any business, there are many things to learn about how they are handled – especially when dealing with tax invoices.
A Detailed Guide On Singapore Capital Gains Tax
4 minutes While capital gains tax plays a major role in many countries’ taxation systems, you’ll be surprised to note that Singapore capital gains tax is not handled in the same way. As a result, Singapore has no clear guidelines on how to classify business operations as taxable trading income and tax-free capital gains. But how would your company identify them to satisfy taxing regulations? Keep reading to find out. This piece is a comprehensive guide that will discuss everything you need to know about Singapore Capital Gains Tax.
Master How to File Corporate Income Tax for Your Business in Singapore
5 minutes No doubt, Singapore is a hub for start-ups and regular businesses. Why? Because it has accommodating and less strict taxation policies.
Unlike other parts of the world that use tax rates to discourage the creation of new businesses, Singapore opens itself up to foreign investors. One of the most favorable taxes is related to setting up a company is the corporate income tax.
The Ultimate Guide To GST Accounting Entries In Singapore
4 minutes GST accounting entries in Singapore are relatively easy to deal with. In fact, most businesses can handle them without any help from accountants.
However, there are some cases where businesses need assistance from accountants in filing their GST accounting entries in Singapore to ensure that they have done everything correctly.
What Are The Medical Benefits For Employees In Singapore?
4 minutes Did you know that business owners are required by law to ensure they provide sufficient medical benefits for employees in Singapore?
When you take a look at the labour market in Singapore, you’ll find that this space is a favorite for foreign talent in Asia because the majority of Singapore’s companies provide medical benefits for employees in Singapore.
A Detailed Guide On Registered Business Address In Singapore
4 minutes Starting a business requires compliance with laid-down regulations, including setting up a registered business address in Singapore. There are several mandatory requirements to keep in mind to avoid getting sanctioned for your operations. Notable among these requirements are the laws regarding having a registered business address in Singapore.
