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...

New Active Commute Grant – up to 80% subsidy

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...

New Active Commute Grant – up to 80% subsidy

$175 million of GST and Penalties has been recovered by IRAS.

From January 2019 to September 2019, more than 2,000 GST related cases are being investigated for GST non-compliance issues. Within this period, IRAS has since recovered $175 million in GST and penalties. As of now, 14 cases has been convicted for GST frauds and...

GST to be imposed on imported services from Jan2020

GST to be imposed on imported services from Jan2020

Effective from 1 January 2020, Goods and Services Tax (GST) will be imposed on imported services such as IT services, accounting services and marketing services etc. As digital services are easily available and accessible to anyone, customer may choose to engage...

8 Tips to Organize your Business

8 Tips to Organize your Business

At Ace Success, we aim to be a one-stop service provider for all your corporate needs in Singapore. Our range of services include Company Incorporation in Singapore, Accounting, Annual Compliance, Corporate Secretary, Corporate Tax, Individual...

New Active Commute Grant – up to 80% subsidy

DBS and IRAS target to be cheque-free by year 2025

To align with the nation’s plan to digitalise payments, both IRAS and DBS are working together to digitalise tax payments and collections. SMEs are encouraged to use PayNow over cheque payment to increase convenience. In March 2019, IRAS had introduced PayNow as an...

New Active Commute Grant – up to 80% subsidy

Singapore Top in Readiness Index towards AI disruption

Among 105 global cities, Singapore has received the highest score of (75.8) in a recent research to determine the resilient in facing technology disruption brought by Artificial intelligence. The technology allows machine to study the vast data that is expected to...

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