This article was contributed by the Inland Revenue Authority of Singapore (IRAS).
Whether you are going through the GST rate change for the first time as a newly GST-registered business or are looking for a refresher to transit smoothly ahead of the second GST rate change, the Inland Revenue Authority...
Finance Minister Lawrence Wong delivered Singapore’s Budget 2024 on 16 February 2024. The budget comes after a difficult 2023 in whichthe international environment was troubled, the global economy was subdued and Singapore’s own economy grew by a modest 1.1%, fortunately avoiding a recession.
In the year ahead, Minister Wong noted...
The Monetary Authority of Singapore (MAS) announced the commencement of the Payment Services Act (PS Act) on 28 January 2020. The new PS Act will enhance the regulatory framework for payment services in Singapore, strengthen consumer protection and promote confidence in the use of e-payments.
The PS Act adopts...
Salesforce has released data from its surveyof 1,001 workers in Singapore, which shows a gap in AI skills, despite a growing recognition of its importance.
Only 15% of Singapore respondents say they possess AI skills – even though 57% identified AI as among today’s most in-demand digital skills. There is...
The Fair Tenancy Pro Tem Committee was formed in June 2020 to strengthen collaboration between landlords and tenants, with the intent to address long-standing tenancy issues for the retail, food & beverage (F&B), and lifestyle sectors, and establish industry norms on tenancy practices and terms.Chaired by Mr Michael Lim...
At a recent technology forum, Singapore Minister for Trade and Industry, Chan Chun
Sing emphasised on the role of small and medium enterprises (SMEs) in innovation.
According to Chan, we now live in an era where the effects of technological disruption are
ubiquitous, touching all aspects of our lives – from the way...
The Inland Revenue Authority of Singapore (IRAS) partnered with the tax community and government agencies to simplify Corporate Income Tax (CIT) Filing 2021 for companies. With the new initiatives, companies and tax agents can further reduce the time they take to file CIT this year.
The deadline for companies to...
In the latest edition of the Global Connectedness Index (GCI) released by international express services provider DHL, Singapore has ranked second in the world for trade connectivity, the result of policies that leverage global connectedness as a cornerstone of its economic development strategy. Singapore is also one of the five countries where...
Ivanti has announced the results of the Ransomware Index Report Q2 - Q3 2022 that it conducted with Cyber Security Works, a Certifying Numbering Authority (CNA) and Cyware, a leading provider of the technology platform to build Cyber Fusion Centres.
The report revealed that ransomware has grown by 466 per cent since 2019...
Enterprise Singapore (EnterpriseSG) and Google Cloud today announced joint initiatives aimed at accelerating AI adoption and innovation for organizations in Singapore. These initiatives will enable the next wave of globally-oriented, high-growth startups to build and launch their own proprietary AI products, and empower more small and medium-sized enterprises (SMEs)...
