Productivity and Innovation Credit Scheme
The PIC Scheme was first announced in Budget 2010 with the aim of stimulating enterprises to invest in upgrading their operations and to encourage a wide range of innovation-related activities in Singapore.
Singapore Taxation Guide 2011
This overview of Singapore tax matters contains information on the following: Singapore Corporate Tax Productivity and Innovation Scheme Capital Gains Tax Withholding Tax Personal Income Tax
Personal Tax Guide
Singapore’s Personal Income Tax structure is one of the friendliest and most competitive in the world. The tax year is from 1 January to 31 December in each calendar year and income is assessed on a preceding year basis. Singapore Tax adopts a progressive personal tax rates, relative to an individual’s amount of income.
Corporate Tax Guide
Singapore corporate tax rate is 17%. The effective tax rate is in fact lower due to partial exemption available to all companies and even more favourable exemptions available to new companies setup. With its extensive double tax treaty network and absence of capital gains coupled with exemptions, makes Singapore the most attractive location for companies [...]
Financial Statements & Directors Report
The Directors are responsible for preparing financial statements for each financial year in accordance with the Financial Reporting Standards (FRSs) and general accounting practice.
PM Lee Announce Extension of Jobs Credit
EMPLOYERS received good news on (12/10) Tuesday, not just a six-month extension of Jobs Credit but also more goodies that await them in next year’s Budget.
Singapore-New Zealand Sign Avoidance of Double Taxation Agreement
The Government of the Republic of Singapore and the Government of New Zealand signed an Agreement for the avoidance of double taxation (“DTA”) today that incorporates the new internationally agreed Standard for the exchange of information.
Singapore-Russia Avoidance of Double Taxation Agreement Ratified
Singapore’s agreement with the Russian Federation for the avoidance of double taxation comes into force on 16 January 2009 following the completion of ratification formalities. The provisions of the Agreement shall apply to income derived on or after 1 January 2010. The Agreement, which is Singapore’s 60th agreement for the avoidance of double taxation, encourages [...]
What is Estimated Chargeable Income “ECI” ?
ECI means Estimated Chargable Income. From 1 Jan 2009, companies will also be required to declare the estimate of the company’s chargeable income for a Year of Assessment (YA).the revenue amount in the ECI Form. Where the audited accounts are not available, you can refer to the company’s management accounts for the purpose of declaring [...]
Fictionalized Client Profile
Because every business is different, we take time to understand you and your company so that we can respond with precision and care to the needs of your business. Over the years, we have developed flexible ways of working with our clients as illustrated below: Fictionalized Client Profile – Call Private (Southeast Asia) Pte Ltd [...]