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Changes to statutory requirements for holding of AGM and filing of Annual Return for Singapore Companies

It has been announced that the following legislative changes to the Companies Act take effect on 31 Aug 2018 for companies with Financial Year End (FYE) ending on or after 31 Aug 2018: Alignment of timelines for holding AGM and filing Annual Return with the FYE of companies Exemption for private…

Revision to Tax Exemption Schemes for Singapore companies from YA2020

Overall company tax rate is a flat 17%. Listed below are general tax exemptions/incentives currently available to Singapore resident companies. Once these tax exemptions are applied to the taxable income, the effective income tax rate for small-to-midsize Singapore companies is reduced significantly. The Tax Exemption Schemes have been in place…

Singapore VC Fund Manager Regime

Singapore VC Fund Manager Regime was announced by the Monetary Authority of Singapore (MAS) on 20th October 2017.The activity of fund management is defined in the Second Schedule to the Securities and Futures Act (SFA). Previously, VC managers were subjected to the same regulatory framework as Licensed Fund Management Companies…

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