Are you tired of seeing a significant portion of your hard-earned income being deducted as personal income tax every year? We know that filing of personal tax in Singapore can be daunting, but did you know that there are several ways to legally reduce your personal income tax burden?
Finance Minister Lawrence Wong announced an increase in the CPF contribution rate for senior workers aged 55 to 70 years old in order to increase their retirement incomes and improve retirement adequacy.
How do you value a company? Company Valuation Methods There are many ways to find out about company valuation, but it really depends on what is the company’s nature and what stage is the company in. For example, valuing a company going for liquidation is different from valuing an operating business. What about to value …
TAX EXEMPTION FOR NEW COMPANIES IN SINGAPORE Newly-incorporated companies may enjoy tax exemption of up to $125,000. If you have just incorporated a new Singapore company, you’ll be glad to know that it may qualify for corporate tax exemption for the first 3 years of its incorporation. From Year of Assessment 2020 onwards, the tax exemption …
Appointing a corporate secretary In Singapore, each company must appoint a corporate secretary within six months of its creation. This is because the corporate secretary or company secretary is one of the most important roles in a company. Therefore, this is a guide on what are the roles and responsibilities of a company secretary, and what are …
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