2026 Singapore Corporate Tax Filing: Move Beyond Compliance to Peace of Mind Most directors only discover they’ve missed a deadline after IRAS sends the query letter. By then, the conversation has already changed. Key Takeaways The Friday Afternoon Letter It arrives as a PDF attachment. Subject line: “IRAS Query – Estimated Chargeable Income Submission, YA 2025.” It’s…
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Key takeaways 1) A 60-day filing extension is available for SGD 200 but only if applied for before the deadline passes.2) ACRA updated its enforcement rules on 12 March 2026, late AR penalties now SGD 600 per filing.3) A late Annual Return almost always triggers a late AGM breach, doubling your minimum composition sum to…
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New Accountability Standards: Navigating the 6 May 2026 ACRA Amendments The Singapore business environment is entering a new chapter of transparency and individual accountability. Following the initial shifts in early 2026, the next phase of the Corporate and Accounting Laws (Amendment) Act 2025 is set to commence on 6 May 2026. This phase is not…
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ACRA Update: Avoid Massive Penalties Under the New 2026 Laws Executive leadership often views directorship as a title, but ACRA views it as a legal anchor. Updated on 29 January 2026, the departure process has become more than a formality; it is a high-stakes administrative procedure where an error in timing can result in an…
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Key takeaways What is a company secretary in Singapore? Under the Singapore Companies Act, every locally incorporated company must appoint at least one company secretary – a natural person who is ordinarily resident in Singapore. The role is not optional or administrative in nature; the Accounting and Corporate Regulatory Authority (ACRA) enforces this as a…
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Goods and Services Tax (GST) in Singapore: A Practical Guide for Businesses Goods and Services Tax (GST) is one of the key taxes that businesses operating in Singapore must understand and manage properly. Administered by the Inland Revenue Authority of Singapore (IRAS), GST is a broad‑based consumption tax levied on most goods and services consumed…
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If you’re new to accounting or just starting your career in finance, you might have heard people talking about IFRS 18. It sounds technical, right? But don’t worry, we’re going to explain what it is, why it matters, and what Singapore companies need to do about it, in plain English. Why Did They Introduce IFRS…
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Who Must Register with ACRA in Singapore (Guide for Business Owners) Let’s be real starting a business in Singapore is exciting, but the paperwork can feel like a maze. Somewhere between building your dream brand and serving customers, you start hearing acronyms like ACRA, IRAS, and BizFile+. Suddenly, the fun idea of “running your own…
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Corporate Tax Filing 2025 in Singapore: 7 Smart Ways SMEs Stay Compliant with IRAS It is September 2025, which means the calendar is moving quickly toward that big date: 30 November 2025. For most Singapore business owners, this is less about Christmas shopping and more about corporate tax filing with IRAS. If you are already…
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Transfer Pricing in Singapore When companies operate across different countries or have many related entities under the same group, they often buy and sell goods, services, or intellectual property from one another. The prices used in these related‑party dealings are known as transfer prices. In Singapore, the Inland Revenue Authority of Singapore (IRAS) requires all…
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The Smarter Way to Run Payroll and HR in Singapore If you’ve ever worked in payroll or HR, you know it’s not just about paying salaries. There’s CPF contributions, tax filings, leave management, and keeping up with Singapore’s strict employment laws. It’s a lot to handle, especially if you’re running a business and trying to…
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So, starting 1 July 2025, if your business in Singapore expects to earn over S$1 million in taxable turnover in the next 12 months, you’ve got 60 days before you must start charging GST. Before, that was just 30 days. This rule is for businesses using what’s called the “prospective basis.” 1. What You Must…
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Getting Your Documents Certified in Singapore Doesn’t Have to Be Complicated If you’ve ever had to open a bank account, apply for a visa, or submit documents to a government agency, you’ve probably come across the term “Certified True Copy” or CTC for short. It sounds formal and intimidating, but it really isn’t. At its…
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Learn How To Recognise The Seven Red Flags Of A Business Running a business in Singapore is a thrilling ride. One moment, you’re closing deals; the next, you’re chasing suppliers, handling staff, or preparing an IRAS filing at midnight. Many SME owners push through day after day, telling themselves everything is “okay”. But sometimes, the…
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Smarter Accounting, Greater Freedom – Manage Your Business Anytime with Xero Running a business in Singapore can feel like juggling too many spinning plates. One moment you’re closing a sale, the next you’re reconciling receipts, approving payroll, or answering an email from IRAS.It’s exciting but exhausting. And somewhere between chasing growth and staying compliant, the…
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Why Singapore SMEs Are Outsourcing Accounting: Avoid IRAS Headaches & Focus on Growth Running a business in Singapore is no small feat. Some days you’re closing sales, other days you’re chasing suppliers, and once in a while you even end up fixing the office WiFi because no one else knows how. It’s exciting, sure but…
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