Singapore has cemented its reputation as Asia's premier wealth management hub, and at the centre of that story sits the single family office (SFO). For ultra-high-net-worth families, the appeal is straightforward: a politically stable jurisdiction, a deep professional ecosystem, robust regulatory oversight by the Monetary Authority of Singapore (MAS), and two well-defined fund tax incentive [...]
Running a Singapore-incorporated company looks effortless from the outside. Behind the scenes, every directors' decision, every shareholder change, every dollar of revenue, and every working day flows through a calendar of statutory obligations administered by ACRA, IRAS, and (where relevant) MOM. Miss one and you face penalties that scale fast — late lodgement fees, prosecution [...]
Running a Singapore company involves a calendar of recurring obligations to ACRA, IRAS, MOM, and CPF. Miss a deadline and the consequences range from late filing penalties of S$300–S$600 with ACRA, to compounded GST penalties with IRAS, to disqualification of directors in serious cases. The good news: every deadline is predictable once you know your [...]
Introduction For any Singapore employer, payroll management goes well beyond simply paying salaries. It involves calculating and remitting CPF contributions, Skills Development Levy, Foreign Worker Levy, and maintaining compliant payslip records — all on strict monthly deadlines. A missed payment or incorrect calculation can result in penalties, interest charges, and in serious cases, prosecution. This [...]
Introduction Goods and Services Tax (GST) is Singapore’s broad-based consumption tax levied at 9% on the supply of taxable goods and services in Singapore, as well as on the importation of goods. Understanding when you must register for GST — and what happens if you miss the deadline — is one of the most critical [...]
Goods and Services Tax (GST) is a broad-based consumption tax levied at a rate of 9% on the supply of goods and services in Singapore and on imports of goods. For Singapore business owners and directors, understanding when GST registration is required — and when it may be advantageous even if not compulsory — is [...]
Introduction As Singapore continues to position itself as a global business hub, more companies are engaging in cross-border transactions with related parties — whether with a parent company overseas, a subsidiary in another jurisdiction, or an affiliated entity within the same corporate group. These related-party transactions are subject to Singapore's transfer pricing rules, which require [...]
For many business owners in Singapore, Goods and Services Tax (GST) registration is a milestone that raises a host of questions. When is registration compulsory? Is there any benefit to registering voluntarily? What are the compliance obligations that come with being GST-registered? And with the new InvoiceNow requirements rolling out from April 2026, what should [...]
Running a company in Singapore comes with a host of regulatory obligations. From holding your Annual General Meeting to filing tax returns with the Inland Revenue Authority of Singapore (IRAS), missing a single deadline can result in penalties, fines, or even prosecution. For directors and company officers, staying on top of these requirements is not [...]
Running a business in Singapore comes with stringent compliance requirements, primarily governed by the Companies Act 1967. One of the most critical annual obligations is the preparation and filing of financial statements. However, business cycles fluctuate. Sometimes, a company may be inactive, effectively "sleeping" or dormant. In such cases, the law provides relief from certain [...]