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 [...]