Key takeaways from budget 2025 for businesses and startups
Key Takeaways For Businesses And Startups CIT Rebate: 50% Corporate Income Tax (CIT) rebate (up to $40,000, including the below CIT Rebate Cash Grant) for the Year of Assessment (YA) 2025. CIT Rebate Cash Grant: The Benefit of $2,000 for active companies with at least one local employee. Double Tax Deduction for Internationalisation scheme: The […]
Singapore CSP Reform 2024: Impact On CSPs And Businesses
In a recent conference conducted by the Chartered Secretaries Institute of Singapore on Wednesday, 10 July 2024, crucial updates regarding the implementation of the new Corporate Service Provider (CSP)s bill were discussed and the changes presented by the Accounting and Corporate Regulatory Authority (ACRA). These regulatory changes significantly expand the responsibilities and powers of CSPs, […]
2024 Corporate Regulatory Updates In Singapore
To combat the ever-evolving threats of money laundering and terrorist financing, the Ministry of Finance (MOF) and the Accounting and Corporate Regulatory Authority (ACRA) have introduced significant legislative reforms in Singapore. These changes, encompassing a broad spectrum from mandatory registration to stringent penalties for non-compliance, are designed to solidify Singapore’s position as a transparent and well-regulated […]
Exploring The Duties And Obligations Of A Company Secretary In Singapore
To achieve success in running a business in Singapore, having a great idea and a solid business plan is not enough. Businesses must keep up with the ever-changing regulations and laws to avoid expensive penalties and remain compliant. One of the best ways to ensure compliance is by hiring a competent and experienced company secretary. […]
