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BUDGET 2023 – Adjusted Additional Registration Fee Tier

19/02/2023

Higher-end cars with an OMV (the approximate cost of a car before taxes) higher than $80,000 will incur an additional registration fee (ARF, or the main car tax) of 320 per cent. Please refer to CNA website for detailed chart. The changes will take effect from the next round of certificate of entitlement (COE) bidding,… View Article

BUDGET 2023 – Extension for Enterprise Financing Schemes

17/02/2023

Extension for Enterprise Financing Schemes to 31 March 2024!! 70% government risk-share for trade loans Enhanced maximum quantum for trade and working capital loans Enhanced project loans to support domestic construction projects Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023

BUDGET 2023 – SINGAPORE GLOBAL ENTERPRISES INITIATIVE

17/02/2023

Introduced in 2022, the scheme offers promising companies specialised capability building programmes tailored to their needs. Enterprise Singapore will also support these firms to secure resources to execute their growth plans, and to build R&D capabilities. Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023

BUDGET 2023 – SME CO-INVESTMENT FUND

16/02/2023

Efforts to help local enterprises scale up and be globally competitive: Mobilise investments into SMEs through Heliconia Capital. Heliconia Capital is a subsidiary of Singapore’s investment company Temasek Holdings. It focuses on supporting and investing in growth-oriented small and medium-sized Singapore companies. An additional $150 million will be set aside via the SME Co-Investment Fund… View Article

BUDGET 2023 – ENTERPRISE INNOVATION SCHEME

16/02/2023

Companies that invest in innovation, such as research and development (R&D), will be able to enjoy more tax deductions. Presently, businesses enjoy tax deductions of up to 250% on four types of innovation-related activities. These tax deductions will be raised to 400% on each of these activities, with a new activity added to the list…. View Article

Economic News

15/02/2023

Singapore keeps 2023 growth forecast as 2022 GDP comes in lower than estimated Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #GrowthForecast #GDP

BUDGET 2023 – Support for Singaporeans in 2023

15/02/2023

BUDGET 2023 SERIES Support for Singaporeans in 2023: What you can expect to get Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023

Singapore Economic updates

15/02/2023

Household incomes in S’pore rose in 2022 but inflation has chipped away at growth Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Inflation

Singapore Budget 2023

04/01/2023

Budget 2023 will be announced in Parliament on 14 Feb 2023. Watch this space on that date! DPM Lawrence Wong to unveil Budget 2023 in Parliament on Feb 14 Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Budget2023

LNM wishing one and all a very Blessed & Happy 2023!

31/12/2022

Ministry of Law will be revoking the Meetings Orders

28/12/2022

Temporary option for companies to hold official meetings online will stop from July 2023 With effect July 2023, the Ministry of Law (MinLaw) will be revoking the Meetings Orders, which enable various types of entities to convene, hold or conduct meetings through electronic means. These include general meetings of companies, meetings for unit holders of… View Article

NEW WAGE GUIDELINES BY NATIONAL WAGE COUNCIL

23/11/2022

The NWC recommends a “fair and sustainable” rise in wages for the period from 1 Dec 2022 to 30 Nov 2023: Lower-wage workers who are earning a gross monthly wage of up to $2,200, are to get higher wage increments of 5.5 per cent to 7.5 per cent, or of at least $80 to $100…. View Article

Home loan rates set to rise amid banks’ bid to attract deposits

11/11/2022

Home loan rates set to rise amid banks’ bid to attract deposits Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Loans

Ringgit estimated to drop against Singdollar

10/11/2022

Ringgit estimated to drop to RM3.35 to RM3.45 range against Singdollar Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Currency

Singapore Savings Bonds for investment

09/11/2022

For Investment consideration: Interest rate for December’s Singapore Savings Bonds hits record high Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #SSB #SavingsBonds

Sakae CFO wrongly bought back shares at price above permissible level

08/11/2022

Sakae CFO wrongly bought back shares at price above permissible level

Landmark case on NFT treatment

02/11/2022

NFTs can be considered property, Singapore High Court rules Contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions

CPF RATES INCREASE WITH EFFECT FROM 1 JAN’23

28/10/2022

CPF RATES INCREASE WITH EFFECT FROM 1 JAN 2023: The CPF contribution rates for employees aged above 55 to 70 will be increased to strengthen their retirement adequacy. The changes will apply to wages earned from 1 January 2023. More of the rate increase details can be found on CPF Board’s website. Contact us for… View Article

New rules to ferry workers in lorries

27/10/2022

New rules to improve the well-being of workers who are ferried in lorries will kick in on Jan 1, 2023, including the following measures: Rain cover is a must-have for the vehicles. The rain cover requirement will be implemented in three phases: (a) for all newly registered lorries from Jan 1, 2023; (b) all in-use… View Article

Woman fined for evading GST on luxury bags

13/10/2022

Woman fined S$5,500 for evading GST on several luxury bags Contact us for professional and GST advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #GST