Are persons who are medically unfit to be vaccinated allowed to travel under the VTL (Air)?
Persons who are medically unfit to be vaccinated are not allowed to travel under the VTL (Air). Unvaccinated short-term visitors will not be allowed to travel to Singapore. However, unvaccinated:
Singapore Citizens, Permanent Residents and Long-Term Pass holders who have received entry approval via the SC/PR Familial Ties Lane may still travel to Singapore on a non-designated flight.
Are unvaccinated children allowed to travel under the VTL (Air)?
Unvaccinated children aged 12 and below in the calendar year may enter Singapore on the VTL (Air). Such travellers, including Long-Term Pass holders and short-term visitors, do not need to apply for a Vaccinated Travel Pass (Air). However, they must comply with all other VTL (Air) conditions and be accompanied by a fully vaccinated VTL (Air) traveller.
What is the current late lodgement penalty?
From 30 Apr 2021,
$300 for late lodgment filed within 3 months after filing due date; or
$600 for late lodgment filed more than 3 months after the filing due date.
What is a considered an annual lodgement?
The following types of entities have annual statutory obligations:-
- Annual Returns by local companies under s197 of the Companies Act
- Annual Filing of Financial statement by foreign companies under s373 of the Companies Act
- Annual Declaration by Limited Liability Partnerships (LLP) under s24 of the LLP Act
- Annual Returns by Variable Capital Companies (VCC) under s97 of the VCC Act
What is the CPF rate payable?
CPF contributions amount to 37% of the employee's monthly wages, with 17% contributed by the employer and 20% contributed by the employee. This rate varies as the employee enters a certain age group.
What is CPF?
CPF is the Central Provident Fund, which is similar to a retirement fund that funds a resident his or her housing, medical and investment needs.
Will I be able to apply for any passes right after incorporating a company?
Generally, there is little chance of success if you apply for a resident pass right after incorporating a company. However, if over time your business expands and the operations require your physical presence with justifications, it may be more viable to commence pass applications.
What are the types of tax to be paid in Singapore?
They are Corporate Income Tax, Goods and Services Tax (GST), Stamp Duty, Property Tax and Personal Income Tax.
Do I need to be physically present to incorporate a company and/or corporate bank account?
No, you are not required to be physically present to incorporate a company. However, you may or may not need to be physically present for corporate bank account opening depending on the bank of your choice.