Blog
Heavy penalties for tax-related offences
19/08/2020
There are heavy penalties for tax-related offences. Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com if you need assistance with income tax and goods and services tax compliance. Partner in firm gets fine, $1m penalty over tax offences
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Additional Funding for Hardest-Hit Sectors
19/08/2020
Government gives targeted support to aerospace, aviation and tourism sectors: Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Extra stimulus for aerospace, aviation and tourism sectors; Singaporeans to get S$320m worth of local tourism credits
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SG sends strong signal on tax avoidance
18/08/2020
Singapore is taking a strong stance to combat tax avoidance, with the announcement by Singapore’s Ministry of Finance (MOF) on July 20, 2020, that it intends to amend the Income Tax Act and Stamp Duties Act to introduce a 50 per cent surcharge on tax avoidance arrangements. This will take effect for adjustments made to… View Article
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Cases of Data Protection Breaches
18/08/2020
Cases of data protection breaches: CDP among 3 organisations fined $47,000 in total for not securing personal data
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JSS extended till Mar 2021
17/08/2020
JSS extended for most industries till Mar 2021. Last payout will be on Jun 2021, as announced by DPM Heng today. Photo courtesy of Channel NewsAsia.
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Extended FWL Waiver and FWL Rebate
17/08/2020
MOM has announced that all firms in the construction, marine shipyard and process sectors will be receiving a 100 per cent waiver for levies due in July to September (extended to September 2020). The $375 foreign worker levy rebate paid to such firms will also be extended from July to September. S$320m set aside to… View Article
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National Wage Council – Wages Recommendations
17/08/2020
National Wage Council meeting again for second time this year to review new recommendations for wages in the midst of Covid19 economic crisis, in attempt to save jobs. National Wages Council to reconvene this year amid Covid-19’s rising toll on Singapore jobs
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SG United Mid-Career Pathways Programme
14/08/2020
For companies looking to offer Attachments for Mid-Career Singaporeans and Permanent Residents, do consider signing up for SG United Mid-Career Pathways Programme. Under this programme, the Government will fund 80% of the training allowance, while the host organisation funds the remaining 20% for the programme duration. #SGUnited SGUnited Mid-Career Pathways Programme – Enterprise Attachment Track… View Article
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Manpower issues in construction sector
14/08/2020
Construction sector in Singapore faces continued manpower issues Manpower issues pose biggest roadblocks for construction firms seeking to resume business amid Covid-19 pandemic
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Non-compliance of Income Tax & GST Laws
08/08/2020
Need help complying with Income Tax and GST laws? Approach us for a free consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Used Car Dealer Abetted Company to Understate over $6 million of Income
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