Last reviewed 17 October 2026. Source: MOM. Employers must give itemised payslips to all employees covered by the Employment Act. MOM sets out what a payslip must show and when it must be given. What it must show Unless an item does not apply, the payslip shows: When to give it With the salary payment,…
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Last reviewed 17 October 2026. Source: CPF Board. This is a reference for employers working out CPF on monthly wages. The rates depend on the employee’s age, and the 2027 changes affect two age bands. Rates in 2026 These apply to Singapore Citizens, and to PRs from their third year of PR status, on monthly…
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Accounting Solutions Singapore Editorial Team · Last reviewed 15 October 2026 Transfer pricing is about the prices related companies charge each other. IRAS expects those prices to look like what unrelated parties would agree. Whether you also need written documentation, and whether you fill in an extra form with your tax return, depends on size…
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Accounting Solutions Singapore Editorial Team · Last reviewed 15 October 2026 If you earn money from a business in Singapore on a regular basis, you will probably need to register it with ACRA, the Accounting and Corporate Regulatory Authority. There is one clear exemption, and the structure you choose decides your fees and your personal…
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Accounting Solutions Singapore Editorial Team · Last reviewed 1 October 2026 Most small Singapore companies don’t need an audit. Whether yours is one of them comes down to a short test in the Companies Act, and it’s the same test for every private company. Below: how the test works, a worked example, and the things…
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Accounting Solutions Singapore Editorial Team · Last reviewed 1 October 2026 A new Singapore company can pay far less tax on its first profits. The Tax Exemption Scheme for New Start-Up Companies (SUTE) exempts part of your chargeable income for your first three years of assessment. Below: the rates, who qualifies, a worked example against…
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Singapore’s Workplace Fairness Act has now cleared both legislative stages, the core Act passed Parliament in January 2025, and the Workplace Fairness (Dispute Resolution) Bill passed in November 2025, completing the framework. It’s expected to take effect by the end of 2027, which means there’s a defined runway before enforcement begins, not an immediate deadline.…
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Last reviewed 17 October 2026. Source: CPF Board. What is changing From 1 January 2027, CPF contribution rates go up for employees above 55 to 60 and above 60 to 65. Every other age band stays the same. Employee’s age Total now Total from 2027 Employer from 2027 Employee from 2027 Above 55 to 60…
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Last reviewed 17 October 2026. Check MOM’s retirement page for the current rules. The change at a glance Before 1 July 2026 From 1 July 2026 Retirement age 63 64 Re-employment age 68 69 MOM’s retirement page states the minimum retirement age of 64 from 1 July 2026. The re-employment age figure comes from law-firm…
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A loss-making year, or a year with heavy capital investment, doesn’t mean the related tax benefit disappears. When deductible expenses, depreciation on fixed assets, operating costs, approved donations, exceed taxable income in a given year, the excess becomes what IRAS calls an “unutilised item,” and it can usually still be used, just not in the…
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For a company director, personal tax mistakes usually trace back to one of three things: timing, documentation, or confusing what’s taxed as salary versus what counts as a benefit. 1) Getting director’s fee timing wrong. Director’s fees are generally taxed in the year the director becomes entitled to them. For fees approved in arrears, that…
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Last reviewed 1 October 2026. Rates and rules from CPF Board, MOM and IRAS. Most payroll errors repeat month after month. This list gives the rule behind each one and a quick way to check for it. # Mistake The rule How to check 1 Using the wrong age band CPF rates depend on age:…
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Key changes under the Corporate and Accounting Laws (Amendment) Act 2025 took effect on 6 May 2026, tightening accountability for directors and auditors in several specific ways. If you haven’t reviewed your company’s practices against these changes yet, here’s what changed. 1) Director penalties increased substantially. The maximum fine for a director failing to exercise…
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2026 Singapore Corporate Tax Strategy: Stop Filling Forms and Start Protecting Your Empire 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…
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How to Avoid Common Compilation of Accounts Errors Compilation of accounts preparing your company’s unaudited financial statements for ACRA filing looks straightforward from the outside: pull the numbers from your accounting software, format them, submit. In practice, most of the errors we see happen at the judgment calls software can’t make for you. Here are…
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Accounting Solutions Singapore Editorial Team · Published 1 April 2026 · Updated 17 October 2026 Every Singapore company has two yearly obligations to ACRA: hold an annual general meeting (AGM), or send financial statements to members instead, and file an annual return. Each has its own deadline and its own penalties, and a late filing…
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