by admin | Dec 17, 2024 | Accounting, Company Law, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has temporarily disabled its BizFile+ company registry search function following significant public concern over the unannounced display of full National Registration Identity Card (NRIC) numbers in search...
by admin | Jun 26, 2024 | Accounting, Auditing, Company Law, Ethics, Income Tax, Tech News
The Singapore government has released its comprehensive Money Laundering National Risk Assessment (NRA) Report 2024, offering a detailed analysis of current and emerging money laundering (ML) threats and vulnerabilities across the nation’s financial and business...
by admin | Jun 8, 2024 | Accounting, Company Law, Goods and Services Tax, Income Tax, Tech News
Landmark tax cases from 2023 continue to reshape Singapore’s fiscal landscape, with two recent rulings clarifying critical issues for investment entities and trust structures. The decisions, analyzed at a Singapore Chartered Tax Professionals (SCTP) seminar, address...
by admin | Jun 4, 2024 | Accounting, Auditing, Company Law, Employment, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued updated guidance on the tax treatment of interest-free or subsidised loans provided to company directors, effective for Year of Assessment (YA) 2024. Key Change: New Benchmark Interest RateWith effect from 1...
by admin | Jun 4, 2024 | Accounting, Company Law, Goods and Services Tax, Income Tax, Tech News
Singapore’s Inland Revenue Authority (IRAS) has confirmed that Variable Capital Companies (VCCs) are eligible for the Corporate Income Tax (CIT) rebate measures announced in Budget 2024, provided they meet specific criteria. This update, alongside important...
by admin | May 27, 2024 | Accounting, Company Law, Income Tax, Tech News
For a Corporate Secretarial Provider (CSP), managing a VCC demands specialized expertise focused on its unique capital flexibility, complex sub-fund architecture, stringent financial reporting/audit regime, and dynamic regulatory environment. Success requires...
