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What Is A Certificate Of Residence (COR) and Why Does Your Business Need One?

The Certificate of Residence (COR) is a letter issued by the Inland Revenue Authority of Singapore (IRAS) to certify that the company is a…

The Different Taxes A Company Has To Pay In Singapore

In Singapore, the taxes a company is liable to pay can be generally be broken down into 5 types. Here’s a general overview of the 5 types…

Financial Statements Explained

As a business owner or investor, it is important to keep a close tap on the company's financial health. This allows you to know how…

A Guide To Singapore Goods And Services Tax (GST)

A Guide To Singapore Goods And Services Tax (GST) Goods and Services Tax (GST) is a consumption tax broadly imposed on the supply of goods…

What is Cloud-Based Accounting Software?

As a business owner, accounting is a very time-consuming yet critical activity that you have to do. You will be able to analyse your…

Consequences Of Failure To File Annual Returns

What does the Act say? In accordance with Section 197 of the Companies Act, all companies need to file their annual returns on time.…

When Is The Right Time To Hire An Accountant?

Challenges you face As a small-medium enterprise owner, you will face many challenges during daily business operations. One of the common…

How does a company pay dividends in Singapore

We hear so much of this term dividends but we seldom discuss the rules and implications associated with it. As most will know, it is…

Singapore Companies Filing Requirements

Every year, companies in Singapore need to file with two main governing bodies, namely the Accounting and Corporate Regulatory Authority…

Audit Exemption For Singapore Private Limited Companies 2021

Legislated in Singapore Companies Act, before filing with the Accounting and Corporate Regulatory Authority (ACRA), all private limited…

What Is Estimated Chargeable Income (ECI)?

What is Estimated Chargeable Income (ECI)? Estimated chargeable income (ECI) is an estimate of the company’s taxable income after deducting…

File Your Corporate Tax via The New Form C-S (Lite)

The Inland Revenue Authority of Singapore (IRAS) has come up with an easier and new e-filing measure from Year of Assessment (YA) 2020,…

Tax Deductible Expenses For Your Singapore Company

In the course of running the business, there are certain tax-deductible expenses incurred that you can offset against your company’s…

How To Reduce Corporate Tax Bills With These Tax Reliefs

The corporate tax filing deadline is around the corner. The deadline for filing your corporate tax is by 15th December 2020. Do you know…

Do I have to file corporate tax for YA 2020?

December is usually the time to file corporate tax for business owners. The filing deadline for corporate tax is the 15th of December 2020…