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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…
CorpPass is a corporate digital identity for Singapore businesses
CorpPass is a corporate digital identity for businesses in Singapore. From 1 Sep 2018, CorpPass will be the only login method for online corporate transactions with more than 140 government digital services. Eg. You must first be authorised via CorpPass before you can log in to ACRA or IRAS digital…
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…