Bookkeeping for Singapore SMEs — Eligibility and requirements checklist
Bookkeeping for Singapore SMEs — the eligibility and requirements checklist for records, GST, XBRL and deadlines. Practical 2026 walkthrough with costs...
Bookkeeping for Singapore SMEs — the eligibility and requirements checklist for records, GST, XBRL and deadlines. Practical 2026 walkthrough with costs...
Registering for GST is a well-documented process in Singapore. Deregistering is less talked about — but it is just as important to get right. Errors in the deregistration process can result in penalties, a missed deemed supply assessment, or a late final GST return that triggers interest charges. This guide walks through the complete GST [...]
In FY2024/25, the Inland Revenue Authority of Singapore (IRAS) completed over 2,800 GST audits and recovered approximately S$205 million in tax and penalties. That figure — larger than many small Singapore companies' annual revenues — should make every business owner stop and ask: could my business be next? The short answer is that IRAS does [...]
Professional services firms in Singapore — law firms, accounting practices, management consultancies, engineering firms, architects, and similar regulated businesses — operate at the intersection of sector-specific regulation, corporate compliance, and employment law. Getting compliance right is both a legal requirement and a commercial necessity: regulatory shortfalls can result in loss of licence, reputational damage, and [...]
Singapore's retail sector is one of the most regulated consumer-facing industries in the country. Whether you are opening a fashion boutique, a food and beverage outlet, a pharmacy, or an online shop, you face a layered compliance landscape — spanning business registration, sector-specific licences, employment law, GST, and consumer protection rules. This guide walks through [...]
Singapore has long positioned itself as an innovation hub in Asia, and its tax system reflects this ambition. Companies that invest in research and development, acquire intellectual property rights, or register patents and trademarks can access a range of tax deductions and incentives that significantly reduce the cost of IP creation and commercialisation. This guide [...]
Transfer pricing is one of the most scrutinised areas of Singapore corporate tax. If your company transacts with related parties — whether parent companies, subsidiaries, or associated enterprises — the prices you charge for those transactions must reflect what independent parties would have agreed. This is the arm's length principle, and IRAS takes it very [...]
For Singapore SMEs, the window between now and 31 December 2026 is one of the most valuable periods in the tax calendar. Decisions made before your financial year closes can legally reduce your tax liability, accelerate deductions, and position your business for a stronger start in 2027. The key is acting before the year-end — [...]
Singapore payroll and CPF for employers — Timeline and processing benchmarks. For Singapore SMEs managing tax and accounting compliance. Practical 2026...
When shares in a Singapore private limited company are transferred from one party to another, the transaction attracts stamp duty — a tax imposed by the Inland Revenue Authority of Singapore (IRAS) on instruments effecting the transfer of immovable property, stocks, and shares. This applies whether the transfer is a sale, a gift, a restructuring, [...]