Our collection of resources based on what we have learned on the ground
Resources
Q&A
How does the tax incentive program operate in Singapore?
- January 2013
- Free Access
Take one example, the incentives under Productivity and Innovation Credit Scheme – businesses can get cash payout or a 400 percent tax deduction or allowance on expenditure of up to SG$ 400,000 on each of the following six activities: Purcha...
Q&A
Is share capital required under Singaporean law?
- January 2013
- Free Access
The minimum paid-up capital (equivalent to share capital) is S$1 and the amount of this capital can be increased anytime after the incorporation of the company.
Q&A
What is a registered address for setting Singaporean company?
- January 2013
- Free Access
A physical address in Singapore (be that residential or commercial) must be provided as the registered address of the company. All premises must be approved for business use by the Urban Redevelopment Authority. However, a P.O. box cannot be used as ...
Q&A
How long does it take to register a company in Singapore?
- January 2013
- Free Access
Given that company registration can also be done through the online platform with Accounting and Corporate Regulatory Authority, it normallyt takes 1 to 2 days. If the application for registration shall be subject to reviews and approvals by other de...
Q&A
What should be disclosed during an annual general meeting in Singapore?
- January 2013
- Free Access
Directors of the company must disclose a true and fair view of the profit and loss accounts of the company to the shareholders. These accounts presented should be made up to a date not more than 6 months before the annual general meeting. For private...
Q&A
How will the new regulatory changes impact to Singaporean company law?
- January 2013
- Free Access
The recent regulatory changes are aiming to reducing regulatory burdens, compliance costs, providing greater flexibility to companies, improving corporate governance and bringing benefits to various stakeholder groups. These regulatory amendments are...
Q&A
What is ASEAN?s potential?
- January 2013
- Free Access
ASEAN represents a market of around 600 million people, with a combined GDP of around US$1.8 trillion. The OECD (Organization for Economic Cooperation & Development) has projected growth within ASEAN to be about 6% per year for the period 2011-15...
Q&A
What qualifies a company as a tax resident in Singapore?
- December 2012
- Free Access
A company will be a tax resident if the control and management of its business is located and exercised in Singapore. Thus, normally a foreign subsidiary would not be counted as a tax resident in Singapore. Being a tax resident in Singapore, the comp...
Q&A
What is Productivity and Innovation Credit Scheme in Singapore?
- December 2012
- Free Access
It is a program that SMEs to encourage business to invest in productivity and innovation may receive the following benefits: 60 percent cash payout of up to SGD$ 100,000; or 400 percent tax deduction/ allowances of up to SGD$ 400,000, &n...
Q&A
How are goods and services tax and withholding tax levied in Singapore?
- December 2012
- Free Access
Goods and services tax is levied on import of goods and supply of goods and services in Singapore. Companies are required to complete registration for this tax and collect this tax only if its turnover exceeds SGD$ 1 million in any 12 consecutive mon...
Q&A
Have the Double Taxation Avoidance Agreements (DTA) become more stringent and sp...
- September 2012
- Free Access
Beginning in 2010, stronger, more specific regulations began to come into effect, and companies began to have to apply for relief under DTAs; for example, in order to qualify for DTA relief from withholding tax on dividends, interest and royalties, t...
Q&A
What happens when investors are subject to two different tax systems?
- September 2012
- Members Access
Confusion about international taxation can arise when investors are subject to two different and potentially conflicting tax systems. For example, Hong Kong and Singapore adopt a “territorial source” principle of taxation, which means tha...
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