Compliance Requirements for a Dormant Company

Compliance Requirements for a Dormant Company

A dormant company is a company that is registered in Singapore, without generating any form of revenue and expenses during the financial period. Typically, a company that become dormant may be due to several reason. Such as taking a break from the business or setting...

Preparation of Company’s Financial Statements

Preparation of Company’s Financial Statements

Company Financial Statements Preparation Generally, the financial statements will be prepared according to the latest Financial Reporting Standards (FRS) by a qualified individual or a corporate service provider like us. Thereafter, the directors will sign off on the...

GST treatment on Gifts and Samples to Customers

GST treatment on Gifts and Samples to Customers

Providing samples and gifts to prospective clients is a common practice in the course of business development. Besides that, during festive season, companies may purchase hampers or gifts to appreciate their customers for the continued support. The goods that are...

IRAS arrests 10 members for suspected GST fraud in Islandwide raids

New Active Commute Grant – up to 80% subsidy

Good news for employees as well as employers: Singapore Government has launched a new grant called 'Active Commute Grant' which subsidises up to 80% of the cost for workplace to build showers and lockers so that employees can cycle or jog to work. Replacing the...

Applying for Certificate of Residence (COR) in Singapore

Applying for Certificate of Residence (COR) in Singapore

What is a Certificate of Residence? The Certificate of Residence (COR) is a letter issued by IRAS to certify that the company is a tax resident company in Singapore. In the view of IRAS, a tax resident in Singapore is one whereby the control and management of the...

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