Deduction for Expenditure Incurred on Renovation or Refurbishment (R&R) Works under Section 14Q 第14Q条下的装修与翻新工程开支扣除 Tax deduction granted evenly over 3 consecutive YAs so long as the company continues to carry on that trade for which the R&R costs were incurred 只要公司继续进行产生装修与翻新的交易，就可以连续3年平均获得税收减免 Subject to an expenditure cap of $300,000 for every relevant 3 consecutive YAs 每连续三年，有关的开支上限为30万新元 Qualifying expenditure must not affect structure […]
IAS 24 — Related Party Disclosures IAS 24 -关联方披露 Overview 概述 IAS 24 Related Party Disclosures requires disclosures about transactions and outstanding balances with an entity’s related parties. The standard defines various classes of entities and people as related parties and sets out the disclosures required in respect of those parties, including the compensation of key […]
Complying with Anti Money Laundering and Countering the Financing of Terrorism Regulations of Singapore 遵守新加坡反洗钱和反恐怖主义融资条例 To comply with AML/CFT guidelines financial services firms are expected to: 为了遵守AML/CFT准则，财务服务公司应: Access and mitigate money laundering and terrorist financing risks; 获取和减少洗钱和恐怖主义融资风险； Identify and know their customers; 识别和了解他们的客户； Conduct regular account reviews, and 进行定期的账目审核； Monitor and report any suspicious transaction. […]
Working Capital Management 营运资本管理 What Is Working Capital Management? 什么是营运资本管理? Working capital management is a business strategy designed to ensure that a company operates efficiently by monitoring and using its current assets and liabilities to the best effect. The primary purpose of working capital management is to enable the company to maintain sufficient cash flow […]
Variable Cost vs. Fixed Cost: What’s the Difference? 变动成本和固定成本:有什么区别? Variable Cost vs. Fixed Cost: An Overview 变动成本与固定成本:概述 In economics, variable costs and fixed costs are the two main costs a company has when producing goods and services. A variable cost varies with the amount produced, while a fixed cost remains the same no matter how […]
FRS 116 Leases and its Tax Implications 《财务报告准则第116号》租契及其税务影响 FRS 116 LEASE ACCOUNTING CHANGES 《财务报告准则第116号》租赁会计变更 There is good news for lessors – lessor accounting is substantially unchanged from current accounting. 对于出租人来说，有一个好消息——出租人的会计核算与现行会计核算基本保持不变。 Lessees, on the other hand, bear the brunt of the changes as most leases will now be recognised on their balance sheets as a right-of-use […]
Goods and Services Tax (GST) in Singapore 新加坡消费税(GST) Goods and Services Tax or GST meaning is a broad-based consumption tax levied on the import of goods (collected by Singapore Customs), as well as nearly all supplies of goods and services in Singapore. In other countries, GST is known as the Value-Added Tax or VAT. The […]
Registering a Limited Liability Partnership (LLP) in Singapore 在新加坡注册有限责任合伙企业(LLP) A limited liability partnership, or LLP for short, is one type of business entity in Singapore. An LLP provides business partners with a flexibility of operating as a partnership whilst having a separate legal identity like that of a company. In other words, the LLP is […]
Tax Clearance for Employers 雇主清税表 1. Overview on Tax Clearance 清税概述 What is Tax Clearance? 什么是清税? Tax Clearance is a process of ensuring that your non-Singapore Citizen employee pays all his taxes when he ceases employment with you in Singapore, or plans to leave Singapore for more than three months. 税务清关是一个确保你的非新加坡公民雇员在终止在新加坡的工作或计划离开新加坡超过三个月时缴纳所有税款的过程。 Tax Clearance obligations apply […]
Different Types of Business Entities 不同类型的企业实体 How to choose between the different types of business entities? There are four types of business entities: business, company, limited liability partnership, and limited partnership. 如何在不同类型的企业实体之间进行选择?有四种类型的企业实体：企业、公司、有限责任合伙企业和有限合伙企业。 Let us start with the simplest form, which is a business. A business can be a sole proprietorship with one owner or a […]
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