Bookkeeping for Singapore SMEs: Common mistakes and rejection reasons
Bookkeeping for Singapore SMEs: the common mistakes that trigger IRAS and ACRA problems, and how to keep clean, audit-ready books year-round.
Land Intensification Allowance (LIA) Singapore: Eligibility, Rates and How to Claim
Industrial land in Singapore is scarce, and the government has long used the tax system to nudge manufacturers, logistics operators and other land intensive businesses towards building upward rather than sprawling outward. The Land Intensification Allowance (LIA) is the main tool for this: a capital allowance that rewards companies for constructing or renovating industrial buildings [...]
Domestic Top-Up Tax (Pillar Two) Registration: What It Means for a Singapore Subsidiary’s Company Secretary
If you are the company secretary of a Singapore subsidiary that sits inside a large multinational group, a new compliance item has almost certainly landed on your desk this year, even if nobody labelled it as a "corporate secretarial" task. Singapore's Domestic Top-up Tax (DTT) and Multinational Enterprise Top-up Tax (MTT), introduced under the Multinational [...]
Singapore CIT Rebate 2026: The Enhanced 50% Corporate Tax Rebate, S$2,000 Cash Grant and S$40,000 Cap Explained
When Budget 2026 was delivered in Parliament in February 2026, companies were told to expect a 40% Corporate Income Tax (CIT) Rebate for Year of Assessment (YA) 2026, alongside a S$1,500 cash grant for active companies with at least one local employee. Many company secretaries and directors filed that figure away and moved on to [...]
Certificate of Residence for Your Singapore Company in 2026: myTax Portal Applications and the Board Residency Link to DTA Relief
A Certificate of Residence (COR) is the document a Singapore company needs whenever it wants to rely on one of Singapore's Double Taxation Agreements (DTAs) to reduce or eliminate withholding tax on income received from overseas, whether that is dividends from a regional subsidiary, royalties from a licensing arrangement, or interest on a cross-border loan. [...]
Deferred Tax Under FRS 12 for Singapore SMEs: Recognition, Measurement and Common Errors
Deferred tax is one of the least understood lines in a Singapore SME's financial statements, largely because it never appears as cash. It is a notional adjustment required by Financial Reporting Standard 12, Income Taxes (FRS 12), to reflect the future tax consequences of differences between how an asset or liability is carried in the [...]
GST Remission for Singapore Funds: How the Fixed Recovery Rate Works and Who Should Be Tracking the Statement of Claims
Singapore's GST treatment of investment funds is one of those areas that gets a passing mention in most VCC and family office guides, then quietly ignored until a fund administrator asks the company secretary why the fund has not filed its Statement of Claims. The mechanism, a GST remission that allows qualifying funds to recover [...]
GST InvoiceNow Full Roll-Out (2028-2031): What Existing Singapore Businesses Need to Know
Singapore's GST InvoiceNow rollout includes an April 2028 phase. Existing businesses should check their own implementation date against current IRAS guidance, rather than assume 2029 is the earliest date. Voluntary and compulsory GST registrations have different entry dates. This guide explains how to prepare the company records and system change. The full roll-out timeline The [...]
Class Rights Protection Under Singapore’s CALA 2025: The New 75% Threshold Explained
Since 6 May 2026, Singapore companies with more than one class of shares have had to operate under a new statutory floor when it comes to changing the rights attached to any class. The Corporate and Accounting Laws (Amendment) Act 2025 (CALA 2025) codifies, for the first time in the Companies Act 1967, a minimum [...]
IRAS Digital-Only Submission for Strike-Off and Cessation Financial Statements
IRAS Digital-Only Submission for Strike-Off and Cessation Financial Statements When a Singapore company applies to strike off under section 344 of the Companies Act 1967, or simply stops trading ahead of a formal strike-off application, it must first settle its affairs with the Inland Revenue Authority of Singapore (IRAS). That has always meant filing every [...]