Blog
Higher Foreign Medical Insurance Coverage Required
06/04/2023
With effect from 1 July 2023, employers of work permit and S Pass holders will need to provide their workers higher medical insurance coverage with an annual claim limit of at least $60,000, up from the current $15,000. Under the new rules, employers also have to co-pay 25 per cent of claim amounts that go… View Article
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Personal Tax E-Filing Deadline (18 Apr 2023)
05/04/2023
Gig workers, sole proprietors, self-employed persons, if you need HELP with your tax filing, call us NOW! The dateline for your e-tax filing is 18 APR 2023. Wait no longer. Seek help now. ST Explains: If I’m a gig worker, do I need to report my income to Iras? Contact us for professional advice at… View Article
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Lasting Power of Attorney (LPA) Process
05/04/2023
Lasting Power of Attorney (LPA) Process Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #LPA
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LASTING POWER OF ATTORNEY – Fee Waiver Extended!!
04/04/2023
The waiver of fees for lasting power of attorney (LPA) Form 1 applications – which is $75 for Singapore citizens – has been further extended to the end of March 2026. LPA Form 1 is for those who wish to grant donees – people who can make decisions and act on their behalf – general… View Article
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Changes in Global Investor Programme (GIP)
28/03/2023
An increase in the minimum investment requirement and tweaks to other criteria in the Global Investor Programme (GIP) will help Singapore bring in “high-quality” investors, while ensuring that investments are directed to support local businesses and create jobs. From Mar 15, applicants will have to invest more – at least S$10 million in a new… View Article
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Occupational Progressive Wages (OPW)
23/03/2023
Occupational Progressive Wages (OPW) for administrators and drivers With effect from 1 March 2023, employers must meet the OPW requirements in order to renew existing work passes or apply for new work passes. The OPW requirements cover all Singapore citizens and permanent residents who are: Full-time or part-time employees in administrative or driving roles on… View Article
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S’pore banking system remains sound
22/03/2023
Closure of US banks is going to send ripples to financial system and the economy. S’pore banking system remains sound in wake of collapse of Silicon Valley Bank, Signature Bank in US: MAS Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #US #Economy
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Government Grants reducing to 50% from 1 Apr 2023
09/03/2023
Kindly note that with effect from 1 April 2023, the following government grants will have government support reduced from 70% to 50%: Productivity Solutions Grant (PSG) e.g. purchase of ABSS, subscriptions to Xero/ Quickbooks Market Readiness Assistance Grant (MRA) Enterprise Development Grant (EDG) Applications that are submitted before 31 March 2023 will still be entitled… View Article
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New online calculator to check Budget 2023 benefits
07/03/2023
New online calculator for Singaporeans to check Budget 2023 benefits Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023
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BUDGET 2023 – CPF MONTHLY SALARY CEILING CHANGES
24/02/2023
BUDGET 2023 – CPF MONTHLY SALARY CEILING CHANGES With effect from 1 September 2023, the CPF monthly salary ceiling will go up by S$300 to S$6,300. It will increase to S$6,800 with effect from 1 January 2024 It will increase to S$7,400 from 1 January 2025 and rise to S$8,000 with effect from 1 January… View Article
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