Blog
New tripartite guidelines for flexible work arrangements
24/04/2024
With effect 1 Dec 2024, new tripartite guidelines for flexible work arrangements will be in force. The guidelines define three types of flexible work arrangements: “Flexi-place” arrangements where employees can work from locations outside the office. This includes telecommuting and working from home. • “Flexi-time” arrangements where employees can work at different timings with no… View Article
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S’pore — the choice as business hub in Asia
23/04/2024
Singapore — the choice as business hub in Asia How Singapore Became Asia’s go-to hub for start-ups Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions
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Budget 2024–Changes to Personal Reliefs /CPF
10/04/2024
Budget 2024 – Changes to Personal Reliefs / CPF Enhancements to Workfare Income Supplement Scheme (WIS) Qualifying income cap and payouts for the WIS will be raised from 2025 to ensure continued support for lower-wage workers. Increase in Income Threshold for Tax Relief The income… View Article
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Budget 2024–Changes to Personal Reliefs /CPF
09/04/2024
Singapore Budget 2024 Changes to Personal Reliefs / CPF: Increase in Enhanced Retirement Sum (ERS) Starting from 2025, the ERS will be increased from 3 times the Basic Retirement Sum (BRS) to 4 times. This adjustment will enable CPF members to receive higher monthly payouts for life, providing greater financial security during retirement. Closure of… View Article
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Budget 2024 – SkillsFuture Credits
09/04/2024
The new SkillsFuture Level-Up Programme has been launched!!! This programme provides greater structural support for mid-career Singaporeans aged 40 years and above to pursue a substantive skills reboot and to stay relevant in a changing economy. From 1 May 2024, the SkillsFuture Credit (Mid-Career) top-up of $4,000, which does not expire, can further offset out-of-pocket… View Article
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Cybersecurity (Amendment) Bill
09/04/2024
Changes proposed to the Cybersecurity (Amendment) Bill: Essential services providers to meet higher cyber-security standards under proposed law amendment Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions
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List of non-taxable govt services to be published after $7.5m in GST wrongly collected
05/04/2024
Govt to provide list of fees for which GST will not be charged, after $7.5m in GST was wrongly collected List of non-taxable govt services to be published after $7.5m in GST wrongly collected Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions
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Retirement Age Raised to 64 in 2026
07/03/2024
Employers who provide matured workers with part-time jobs after they reach retirement age can access Part-Time Re-employment Grant of up to $125,000, and thus grant can also be used to access career training for these workers. Senior Employment Credit scheme also offsets wages for workers aged 60 and above. S’pore retirement age to go up… View Article
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Money laundering using shell companies
07/03/2024
Money laundering using shell companies: Shell companies in S’pore linked to money laundering operation in India Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #moneylaunderingcase
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IRAS (Amendment) Bill
01/03/2024
Under the new IRAS (Amendment) Bill passed recently, the amendments grant IRAS the powers of: – administering scheduled public schemes for the Government, or any other statutory body. – investigating fraud and abuse and – recovering grant funds that were disbursed wrongly. The new powers will allow it to access premises, conduct… View Article
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