Voluntary Registration Under GST

Many businesses opt for voluntary registration under GST. A business having an annual turnover of less than S$ 1million threshold for compulsory registration can opt for a voluntary GST filing to claim the Input Tax Credit (ITC) and expand business opportunities. Businesses can deduct the GST paid on the purchases only if both the suppliers

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Singapore Budget 2021: What Businesses Need To Know

Singapore’s economy is recovering from the Covid-19, so the government continues finance to support vulnerable and still-struggling segments of the industries. Mr. Heng Swee Keat, Deputy Prime Minister and Minister of Finance delivered the Budget 2021 speech on 16 Feb 2021. Due to Covid-19, Singapore has incurred a rare budget deficit of $64.9 billion for

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A Guide To Withholding Tax In Singapore

Singapore uses its taxes to build a stronger community, a better environment and a more vibrant economy. In spite of its low tax rates, Singapore has consistently generated budget surpluses, due to its simple and efficient tax structure. Withholding taxes have supported the government in its objective, by enabling it to get a steady stream

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Duties And Powers Of Singapore Company Directors

This blog is intended for those who want an A-Z description of the duties and powers Singapore Company Director. Some of the highlights of this blog include the Director’s duties, their qualification requirement, the procedure of appointment, remuneration and the liabilities. So if you are interested in setting up a company or doing business in

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All You Need To Know About Tech.Pass (2021)

  What Is A Tech.Pass? Tech.Pass is a new visa program that aims to attract highly accomplished entrepreneurs, business leaders, or technical experts to Singapore and provide them with the flexibility in participating in a variety of activities that can contribute to the tech ecosystem. The applicant does not need a specific job/field in mind

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Everything You Need To Know About RORC Requirements From ACRA

  Since 31 March 2017, companies, foreign companies and limited liability partnerships are required to keep a register of registrable controllers (RORC) either in their registered office address or at the office of their authorized filing agent. Registrable controllers are also ordinarily known as the beneficial owners of the entities. Now, along with maintaining a

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