The Inland Revenue Authority of Singapore (IRAS) rolled out two new tax frameworks, the Tax Governance Framework (TGF) and the Tax Risk Management and Control Framework for Corporate Income Tax (CTRM), to help companies strengthen tax compliance.
The TGF and CTRM complement the existing...
22 members of the WTO Joint Statement Initiative on Electronic Commerce (JSI) met on the sidelines of the World Economic Forum Annual Meeting in Davos, Switzerland, on 20 January 2023, to affirm their commitment to establish a set of baseline rules to govern the global digital economy.
With the consumer world waking up and jumping on the bandwagon of Generative AI, new research by the Data Protection Excellence Centre, the research arm of Straits Interactive, has unveiled significant privacy concerns in Generative AI desktop applications, particularly among start-ups and individual developers.
The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS), the Life Insurance Association (LIA), the General Insurance Association (GIA), and the Finance Houses Association of Singapore (FHAS), announced on 31 March a package of measures to help ease the financial strain...
The K-Startup Centre (KSC) in Singapore, the first Korean startup centre in Southeast Asia, was officially launched on 8 July by South Korea’s Ministry of SMEs and Startups (MSS). It is a reflection of the strong interest among the Korean startups to anchor in Singapore to drive...
Microsoft and Generation, a global nonprofit founded by McKinsey & Co, are partnering Digital Industry Singapore (DISG), Infocomm Media Development Authority (IMDA) and SkillsFuture Singapore (SSG) to upskill, place, and fill demand for tech-enabled jobs for up to 1,000 Singaporeans as part of the SGUnited Jobs and Skills Package.
Titled #GetReadySG, the...
This article was contributed by the Inland Revenue Authority of Singapore (IRAS).
It is the time of the year again – Corporate Income Tax (CIT) filing season for the Year of Assessment (YA) 2021 has begun. Before you jump right into it, check out...
ESG and sustainability issues alike have been moving up the corporate agenda in recent years. According to Google Search Trend, the keyword 'ESG' search popularity in Hong Kong has been soaring and surpassed 'Sustainability' in May this year.
However, public curiosity about the topic...
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...
Beyond consortium has launched a bid for a digital full bank license from MAS, with a focus on SMEs. The consortium comprises V3 Group, EZ-Link, property developer Far East Organization and Temasek-subsidiary Heliconia Capital Management. Other notable members include the Singapore Business Federation (SBF) and Mitsui Sumitomo...
