All you need to know about the Budget In addition to the $60 billion set aside in the Unity, Resilience, and Solidarity Budgets, Singapore government mobilised an additional $33 billion in the Fortitude Budget to re-open the economy, recover, and emerge stronger. The fortitude budget aims to Create jobs and build skills for workers, Boost […]
Beginning January 1, 2020, all Singapore companies will be charged 7% GST on the services they buy online from foreign-based providers. Osome explains what to do about it and how to pay the tax. Spoiler: if you are GST-registered, your accounting company in Singapore will have some paperwork to do. What services are in question? It is not what service you
All about the new GST Chargeback rule 2020 Read More »
COVID-19 IRAS Tax updates Extended Extends tax deadlines Due to the Covid-19 Situation and the Circuit Breaker measures that are implemented. IRAS has announced extended deadlines for the business and individuals. These extended deadlines will give us a sigh of relief. S/N Tax Type Original Filing Deadline Extended Filing Deadline New 1 Income Tax for
Covid-19 IRAS extended deadlines Read More »
⚡️This article covers support packages: the Resilience Budget (the 2nd one released) and the Solidarity Budget (the 3rd one). For the information on the Unity Budget (the very 1st one), refer to What’s up with the 2020 Budget Business-wise The Singapore government developed 2 sets of measures to help people and local companies survive the economic
How Singapore Will Support Your Business During the Pandemic by osome.com Read More »
ACRA will require you to submit your Register for Registrable Controllers by April 2020. Previously companies just had to have the Register and update it regularly. We explain what the Register for Registrable Controllers is and what a company needs to do to comply with the new rules.What is happening?What is the Register for Registrable
Singapore Companies Now Have to Report on Who Owns Their Business Read More »
