Do I have to participate in Auto-Inclusion Scheme (AIS)?

AIS Submission is due by 1st March of 2017. Employers are advise to submit by 10thFebruary to avoid peak rush. Extension is only granted only on case-by-case basis under extenuating circumstances. Participation of AIS is compulsory when Employers have:- 10 or more employees[1]  OR received the “Notice to File Employment Income of Employees Electronically” [...]

By |2017-06-16T12:10:16+00:00December 20th, 2016|Taxes|0 Comments

Do you need to register your online business with Accounting and Corporate Regulatory Authority (ACRA)?

SCENARIO Tom maintains a personal blog under his name and selling some items using his personal blog. The blogshop is transacted within his personal blog in his own name, does he still needs to register the business with ACRA? ANSWER Under Section 5 of the Business Registration Act 2014, any forms of business activity that [...]

By |2017-06-16T13:00:23+00:00December 6th, 2016|Legislation|0 Comments