XBRL Conversion

XBRL Conversion 可扩展的商业报告语言转换 What is XBRL? 什么是XBRL? XBRL stands for eXtensible Business Reporting Language, a language used in computers to present financial statements such that they can be retrieved from online records and transferred directly to users such as auditors, regulators, financial analysts for various purposes.XBRL代表可扩展的商业报告语言,一种在计算机中用来呈现财务报表的语言,这样财务报表就可以从在线记录中检索出来,并直接传输给用户,如审计员、监管者、财务分析师等,用于各种目的。The Accounting & Corporate Regulatory Authority (ACRA) implemented a new filing […]

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Singapore Personal Tax for Non-Residents

Singapore Personal Tax for Non-Residents 新加坡非居民个人所得税 Singapore Personal Income Tax for Non-Resident Employees 新加坡非居民雇员个人所得税 The employment income of a non-resident individual in Singapore is charged at the higher of: 新加坡非居民个人的就业收入按以下较高者收取: 15% on the gross amount (without any deduction for personal reliefs and contribution to provident funds); or, 总金额的15%(不扣除个人减免和公积金缴款);或, Corresponding tax under the resident basis. 居民基础下的相应税收。 […]

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Personal Taxes in Singapore (Part 2)

Personal Taxes in Singapore (Part 2) 新加坡个人所得税 Personal Income Tax for Singapore Residents 新加坡居民个人所得税 Who is a tax resident? 谁是税务居民? Different tax rates apply for tax residents and non-residents. You will be treated as a tax resident for a particular Year of Assessment (YA) if you are a: 税务居民和非税务居民适用不同的税率。如果您是: Singaporean; or 新加坡人;或 Singapore Permanent Resident […]

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Personal Taxes in Singapore

Personal Taxes in Singapore 新加坡个人所得税 Tax residency and tax rates 税务居住地和税率 The amount of tax an individual must pay depends on his or her tax residency status. In Singapore, the following individuals are considered to be tax residents of the country: 个人必须缴纳的税额取决于其税务居民身份。在新加坡,下列个人被视为该国的税务居民: Singapore citizens 新加坡公民 Singapore permanent residents 新加坡永久居民 Any foreigner who has worked or […]

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Introduction to Tax Invoice, Receipt, Credit Note or Debit Note

Introduction to Tax Invoice, Receipt, Credit Note or Debit Note 税务发票、收据、贷方票据或借方票据介绍 When to Issue a Tax Invoice 何时开具税务发票 A tax invoice must be issued when your customer is GST registered. Your customer needs to keep this tax invoice as a supporting document to claim input tax on his standard-rated purchases. In general, a tax invoice […]

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The Need for Shareholder Agreement

The Need for Shareholder Agreement 股东协议的必要性 What is a Shareholder Agreement? 什么是股东协议? A shareholder agreement is a legal document that stipulates the rights and obligations of shareholders in a company, including shareholder relations and the management of the company. It may also supplement the company constitution by adding additional rules and regulations not covered in […]

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Dormant Companies and Their Filing Obligations in Singapore

Dormant Companies and Their Filing Obligations in Singapore 休眠公司及其在新加坡的备案义务 What is a Dormant Company? 什么是休眠公司? A dormant company is generally one which does not engage in business activity. This may include buying or selling goods, paying dividends, or receiving income. 休眠公司通常是指不从事商业活动的公司。这可能包括购买或出售商品、支付股息或获得收入。 One may consider leaving their company dormant if, for example, they decide to take […]

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What are the differences between Directors and Shareholders?

What are the differences between Directors and Shareholders? 董事和股东之间有什么区别? In Singapore, just like in most jurisdictions, there are glaring differences between Directors and Shareholders. One of the major differences between directors and shareholders in Singapore is that whereas a shareholder owns part of the company, he or she is not actively involved in the day […]

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Role and rights of a shareholder in Singapore

Role and rights of a shareholder in Singapore 新加坡股东的角色和权利 Companies in Singapore treat their shareholders with utmost fairness and equity, allowing them to exercise their rights and enabling them to communicate their views on relevant matters that involve their respective companies. They provide shareholders a balanced, comprehensible, and complete assessment of the company’s position, performance, […]

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Tax Exemption Scheme for New Start-Up Companies

Tax Exemption Scheme for New Start-Up Companies 新成立公司免税计划 The tax exemption scheme for new start-up companies was introduced in Year of Assessment (YA) 2005 to support entrepreneurship and help our local enterprises grow. 为支持创业精神,帮助本地企业成长,新开办公司免税计划于2005年推行。 As other support for companies to build capabilities is being strengthened, it was announced in Budget 2018 that the tax exemption […]

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