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Jobs Support Scheme (July Payouts)
24/07/2020
JSS for Jul payout to be paid from 29 JUL 2020. This will be a great help to businesses’ cashflow for the payment of workers’ salaries. 140k employers to get $4 billion in Jobs Support Scheme payouts from July 29
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Providing False Due Diligence Reports
24/07/2020
Two ex-UOBKH staff were charged under the Securities and Futures Act. Two ex-UOBKH staff charged with lying to MAS over due diligence reports on a Catalist aspirant
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Covid-19 and Taxes
23/07/2020
Good article on tax implications and issues arising from Covid19 environment COVID-19 AND TAXES
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Advance Ruling Summary No. 3/2020
22/07/2020
IRAS Advance Ruling : Tax Treatment on Expenditure incurred to Acquire New Business Advance Ruling Summary No. 3/2020 – Published on 30 Jun 2020
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Tax Planning by MNCs
21/07/2020
Tax planning by MNCs New OECD data sheds light on multinationals profit-shifting to cut taxes
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New Sovereign Digital Currency
20/07/2020
China Business Environment: New sovereign digital currency to be launched in China China to test sovereign digital currency on ride hailing giant Didi
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Hin Leong investigation case
03/07/2020
Development in Hin Leong investigation case: Firm allegedly engaged in selling and buying back non-existent cargo: PwC
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Flexible work arrangements
02/07/2020
Flexible Work Arrangements are good for Singapore’s female workforce, and it levels the playing field for Singaporean female talents to arise. Forum: Flexible work arrangements can help narrow gender pay gap
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Grant for Charities
01/07/2020
Charities – look out for grants for digitising of operations! Grant for charities to adopt tech to expand in scope
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Digital Resilience Bonus
30/06/2020
The Digital Resilience Bonus (DRB) aims to uplift the digital capabilities of a broad base of enterprises. The DRB is given on top of enhanced digitalisation assistance provided under the SMEs Go Digital programme. See more at: Digital Resilience Bonus
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SG GDP forecast to contract by 5.8% in 2020
29/06/2020
Economists’ downgrading of the full-year GDP growth forecast is unsurprising, given the cut in the official growth forecast last month, said Ms Selena Ling, head of treasury research and strategy at OCBC Bank. See more at: Singapore GDP forecast to contract by 5.8% in 2020: MAS survey
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Simplest Place for Business
26/06/2020
Despite “uncertain times”, Singapore remains an attractive regional and international business hub, given the simplicity of doing business, said Edmund Lee, TMF Group Singapore managing director. See more at: Singapore ranks 2nd in Asia, 18th worldwide for ease of doing business: report
Read MoreUseful Government Links
26/06/2020
Useful Government Links Doing Business In Singapore Action Community For Entrepreneurship ACE fosters greater entrepreneurship through close collaboration between the private-sector and the public sector. It brings together a diverse group of people who want to contribute towards the creation of a more entrepreneurial Singapore. ACE comprises 23 private sector representatives from various industries. For… View Article
Read MoreGovernment Grants & Loans For SMEs
26/06/2020
Government Grants & Loans For SMEs Looking for funds to help your company with cash flows in the increasingly challenging economic conditions? Managing healthy cash flows has always been the critical success factors for many SMEs. And we have good news for you! There are various government grants and loans available with low costs of… View Article
Read MoreWhy Incorporate In Singapore
26/06/2020
Why Incorporate In Singapore Doing business in Singapore is considered one of the easiest by the World Bank. Besides, there are many tax advantages for companies like the partial and full tax exemption schemes. Tax rates are very low at an effective rate of 8% for profits up to $200k and a flat 17% for… View Article
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