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 […]
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 […]
