Singapore – Taxman gives Tax Savings Tips for SMEs
The Inland Revenue of Singapore recently reported that as many as 120,000 corporate taxpayers, especially the small and medium enterprises, are not aware and hence, not using the tax incentives available to them. In news report published in the Straits Time on Thursday, 8th October, 2009, (Click here for more info) these SMEs are not [...]
HDFC Bank Seen Strongest in A-Pac
Indian Banks take honours in Asia Pacific rankings Mumbai: In a world without Lehman, big may no longer be the best as far as banks go. With bigger banks slowing down their loan and deposit growth, mid-size banks are now clawing to the top. HDFC Bank has been spotted as the strongest bank in Asia-Pacific [...]
PM Lee Announce Extension of Jobs Credit for Additional Six Months and Promises More Goodies to Come
EMPLOYERS received good news on (12/10) Tuesday, not just a six-month extension of Jobs Credit but also more goodies that await them in next year’s Budget. The upcoming offerings are
Singapore Emerging Attractive as Tax Havens Are ‘Grey Listed’ by Regulations
The organization for Economic Co-operation and development’s (OECD) has “ grey listed” certain jurisdictions that were once deemed as tax havens. They include Monaco and Liechtenstein. Bankers have orchestrated that with regulations for offshore financial centers increasing it appears that the number of players in the offshore financial field will diminish particularly if they seek to [...]
Singapore-New Zealand Sign Avoidance of Double Taxation Agreement
The Government of the Republic of Singapore and the Government of New Zealand signed an Agreement for the avoidance of double taxation (“DTA”) today that incorporates the new internationally agreed Standard for the exchange of information. This is the second agreement Singapore
Singapore-Russia Avoidance of Double Taxation Agreement Ratified
Singapore’s agreement with the Russian Federation for the avoidance of double taxation comes into force on 16 January 2009 following the completion of ratification formalities. The provisions of the Agreement
IRAS accept 9 Amendments to be Incorporated into Draft GST Bill
The Ministry of Finance (MOF) has accepted for implementation 9 out of the 16 suggestions received on the draft GST (Amendment) Bill 2009 during the public consultation exercise held from 3 to 24 June 2009.
How to set up a Singapore private limited company?
One of the common forms is a private limited company. A is a business entity registered under the Singapore Companies Act, Chapter 50 where the number of shareholders is limited to 50. A Company has its own legal identity, separate from its shareholders
