By AsiaBiz | July 13th, 2010 | Press Releases
The rental rates for residential units are scaling the peaks in property prices, with rents for condominiums boosting a price hike of 5.8 per cent over the first half of 2010. The Urban Redevelopment Authority (URA) has release data showing the surge in median rentals of non-landed residential properties to $32.41 ... More
By AsiaBiz | July 8th, 2010 | Press Releases
Research firm IDC has projected that the Singapore government’s spending for information and communication technology (ICT) is set to grow by 3.5 per cent annually to US$1.5 billion (S$2.1 billion) in 2003. The Infocomm Development Authority of Singapore (IDA) added that it has plans to invest S$1.1 billion in about 350 ... More
By AsiaBiz | May 19th, 2010 | Press Releases
The Government will refine and tighten the current processes of granting permanent residence (PR) and citizenship to foreigners, in response to growing concerns by segments of the Singaporean population over the dramatic increase in the inflow of immigrants. Deputy Prime Minister Wong Kan Seng said the Government has recently reviewed its ... More
By AsiaBiz | May 17th, 2010 | Press Releases
Lynette Khoo once again in her article "Where One Director wears Three Committee Hats" which appeared in the Straits Times May 11th 2010 reviewed the pros and cons of directors sitting in more than one or three committees. According to a study conducted by Singapore Management University, close to one ... More
By AsiaBiz | March 18th, 2010 | Press Releases, Singapore Tax Rates
General Personal tax Information – for Individuals (Foreigners): The amount of income tax that you have to pay depends on your tax residency in Singapore. Top marginal resident tax rate of 20% kicks in at S$320,000 of taxable income. Non-residents are taxed at the flat rate of 15% or the resident rates whichever ... More
By AsiaBiz | December 29th, 2009 | Press Releases
If you want to imports goods from overseas to retail in Singapore, you are required to apply for both import permits and licenses for "controlled goods". To begin, you will need to make sure your business is already registered with the Accounting and Corporate Regulatory Authority of Singapore (ACRA). Your business, ... More
By AsiaBiz | December 3rd, 2009 | Press Releases
Singapore made its way to the "White List" ( a list of jurisdictions deemed to have substantially implemented OECD standard for transparency and exchange of information) maintained by the Organisation for Economic Co-operation and Development (OECD) after signing a 12th bilateral information sharing agreement with the French Government. The OECD ... More
By AsiaBiz | November 12th, 2009 | Press Releases
Given the current bleak economic conditions and to help ease the credit tightness by enabling Singapore resident companies to repatriate funds from their overseas investments and operations to meet business financing needs in Singapore without attracting further income tax, the Minister for Finance has proposed a one-year tax exemption on ... More
