Legislative Changes with effect from 31 March 2017 – Companies (Amendment) Act and Limited Liabilities Partnership (Amendment) Act 2017

Requirement for Companies, Foreign Companies and Limited Liability Partnerships to maintain Register of Registrable Controllers With effect from 31 March 2017, companies, foreign companies and LLPs (unless exempted) will be required to maintain beneficial ownership information in the form of a register of registrable controllers, and to make the information available to public agencies [...]

By |2017-06-16T12:04:56+00:00April 18th, 2017|Legislation|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

Do you need to contribute Central Provident Fund (CPF)?

SCENARIO An Employer who employs Singaporeans and Singapore Permanent Residents (SPR) has to make Central Provident Fund (CPF) contributions if these employees are working in Singapore under a Contract of Service where they are employed under a permanent, part-time or casual basis. Is there any group of employees who are exempted from CPF contributions? ANSWER The [...]

By |2017-06-16T13:00:41+00:00October 25th, 2016|CPF, Legislation|0 Comments

Is my Company eligible for Waiver of Foreign Worker Levy (FWL)?

SCENARIO Fiona, a Work Permit Holder, applied for two months leave to return to her hometown. Her leave was approved but the management expressed concern on whether foreign worker levy (FWL) for the leave period needs to be paid to CPF. ANSWER Yes, FWL for the leave period is still payable. However, the management may [...]

By |2017-06-16T13:01:26+00:00October 4th, 2016|Legislation|0 Comments

Singapore Budget 2016 – Why It Matters To Your Business

Budget 2016 changes Changes to Corporate Income Tax Rebate E-filing of Corporate Income Tax Productivity Innovation Credit (PIC) Scheme Foreign worker levy Special Employment Credit (SEC) Extension of Double Tax Deduction (DTD) Business Grants Portal Maritime sector changes On 24 March 2016, the Singapore budget 2016 was delivered by Finance Minister, Mr Heng Swee Keat. [...]

By |2017-06-16T14:22:09+00:00April 25th, 2016|Financial, Governments, Legislation|0 Comments


The following is extracted from ACRA's website https://www.acra.gov.sg/bizfile/ with regards to the new filling requirements. These changes will take effect from 3 January 2016 and these involves the streamlining of the regulatory fee structure that will have some impact for some companies with regards to their annual fees. There 2 important notes which require [...]

By |2017-06-16T13:59:13+00:00December 23rd, 2015|Governments, Legislation|0 Comments