Does your Singapore Business require you to apply for a Singapore Certificate of Residence (COR)?
5 minutes The Singapore Certificate of Residence is a document issued by IRAS or the Inland Revenue Authority of Singapore attesting to a company’s tax residency in Singapore. It can be used to claim tax benefits under Double Taxation Agreements (DTAs) or Limited Treaties established with other jurisdictions.
Singapore Imports And Exports for Your Singapore Business
5 minutes Singapore’s strategic location and robust economy make it an ideal hub for international trade. Because of this, understanding the customs processes and regulations surrounding Singapore imports and exports is crucial for successful international trade operations.
Understanding the Importance of Singapore Balance Sheet for New Business Owners
4 minutes The financial health and stability of a business are crucial for new business owners in Singapore. To gain insights into the financial health of their business, one of the most important tools they need to understand is the balance sheet.
How to Claim Singapore Capital Allowance for your Business
4 minutes The Singapore tax system provides several schemes and allowances to promote investment, innovation, and growth. One of these is the capital allowance, which enables businesses to deduct the cost of eligible assets used in their operations over a designated period, allowing for cost recovery.
What are the 2023 Challenges Faced by SMEs in Singapore?
4 minutes To be categorized as an SME in Singapore, a company must have an annual sales turnover of less than S$100 million and employ fewer than 200 workers. This type of classification helps to drive tailored support and initiatives that address the specific needs and challenges faced by SMEs in Singapore.
How To File A Corporate Tax Return In Singapore: Form C-S, Form C-S (Lite) And Form C
4 minutes There are three common forms for filing corporate tax returns in Singapore: Form C-S, Form C-S(lite) and Form C. Knowing the distinctions between these forms and when to use each can simplify the tax filing process, saving you time and resources. This article provides a clear and concise guide to help you file your corporate tax return Singapore efficiently.
Latest Guide On Singapore Business Grants 2023 For Startup
6 minutes Securing financial support is crucial for startups, as it can help transform innovative ideas into thriving businesses. Understanding this need, the Singapore government consistently fosters a business-friendly environment by offering a diverse range of business grants, incentives, and schemes designed specifically to empower startups. Whether you’re just starting out or looking to expand your operations, this guide aims to provide you with Singapore business grants available in 2023.
How Important is a Cash Flow Statement for Singapore Business?
5 minutes Cash is the lifeblood of any business, providing the fuel it needs to operate, expand, and thrive in the competitive marketplace. Fortunately, there is a financial tool that can shed light on the inflows and outflows of money within your organization: the cash flow statement. This vital financial statement serves as a comprehensive record of your business’s cash activities, providing a clear picture of how cash is generated and utilized over a specific period.
