This article was contributed by the Inland Revenue Authority of Singapore (IRAS). Corporate Income Tax (CIT) filing deadline is around the corner – all companies will need to file their CIT Returns (Form C-S/ Form C-S (Lite)/ Form C) for the Year of Assessment...
Singapore small business owners are dipping into their personal savings, increasing their prices, and not paying themselves to mitigate rising costs and make a profit, according to a new report from Xero. The report titled “Money matters: navigating the impact of economic conditions on...
OCBC Bank has offered targeted support measures to assist customers across its core markets that are affected by the COVID-19 outbreak. These include Singapore, Malaysia, China, Hong Kong and Macau. The tailored measures have been put in place to ensure that they are able to manage their...
Small businesses across ASEAN are counting on technology to help them overcome the impact of the COVID-19 pandemic on their operations. Technology was ranked the top investment priority for 2020 by two in three (64 per cent) small businesses, including those who currently have cash flow concerns.
Payoneer Inc., a global payment and commerce-enabling platform, has announced a multifaceted relationship with Mastercard. Beginning with the Payoneer Digital Purchasing Mastercard, targeted at SMBs, eCommerce sellers and freelancers worldwide, Payoneer and Mastercard will work closely to better meet the needs of the B2B market. This...
Launched in 2019, Clearly Basics is a medical grade skincare line combining pharmaceutical ingredients with botanicals, bringing the best from both worlds to its customers. Recognising the reality of Singapore as a small market, the company knew it needed to go outside the country in order to...
Singapore businesses have a cautious economic outlook, as new data from Airwallex reveals that 7 in 10 small and medium-sized enterprises (SMEs) here are bracing for a potential recession within the next two years. The independent research considered the challenges SMEs in Singapore would face...
In Southeast Asia, about 70% of SMEs (small and medium enterprises) started their business with seed money raised from their personal savings and from family and friends' financial support – particularly in Indonesia, Malaysia and Singapore. This finding stood out from a report published by Funding Societies. Funding from...
Standard Chartered (the Group) announced its launch of a USD50 million global fund providing assistance to those affected by the COVID-19 pandemic. The Group will immediately donate $25 million to support emergency relief in our most affected markets. The additional $25 million will help communities over...
Eighty-eight per cent of small and medium-sized enterprises (SMEs) in Singapore would consider switching some services to digital banks, according to a 2020 Visa Study on Digital Banking and SMEs in Singapore. These findings come as the Monetary Authority of Singapore (MAS) looks to...