13 May 2024

Malaysia – Key Changes to the Occupational Safety and Health Act

The Minister of Human Resources of Malaysia (“Minister”) has announced that the Occupational Safety and Health (Amendment) Act 2022 (“Amendment Act”) will come into force on […]
26 February 2024

Singapore – Budget 2024

1) Corporate Income Tax (“CIT”) Rebate for the Year of Assessment (“YA”) 2024, with a CIT Rebate Cash Grant for eligible companies   To help companies […]
4 December 2023

Singapore: Navigating IRAS Tax Act Section 10L and its impact on foreign asset sales

In the ever-evolving landscape of corporate taxation, IRAS is introducing a new Section 10L. This development, set to reshape how entities approach gains from movable or […]
1 December 2023

Hong Kong – Second Phase of Implementation of Unique Business Identifier on 27 December 2023

The Registrar of Companies announced that starting from 27 December 2023, the Company Number / CR Number / Company Registration Number will be replaced by the […]
6 November 2023

Singapore – Increase in CPF Ordinary Wage ceiling for 1 January 2024

Increase in CPF Ordinary Wage ceiling for 1 January 2024 (a) The CPF Ordinary Wage (OW) ceiling limits the amount of OW that attract CPF contributions […]
2 October 2023

Singapore – Charges for individual and corporate cheques set to increase by 1 November 2023

The Monetary Authority of Singapore (“MAS”) on 28 July 2023 announced that all corporate cheques will be eliminated by end-2025 while individuals will still be able […]
30 August 2023

Singapore – Public Holiday on Polling Day – 1 September 2023

In accordance with Section 17 of the Presidential Elections Act, Polling Day which falls on Friday, 1 September 2023, will be a public holiday.
3 July 2023

Singapore – Companies, Business Trusts and Other Bodies (Miscellaneous Amendments) Act 2023 to come into effect on 1 July 2023

As part of the Ministry of Finance (MOF) and ACRA’s regular review of the Companies Act 1967 (CA), the Companies, Business Trusts and Other Bodies (Miscellaneous […]
6 April 2023

Singapore – Implementation of Enhanced Medical Insurance for Foreign Employees to Better Support Employers

From 1 July 2023, the Ministry of Manpower (MOM) will enhance the minimum medical insurance (MI) required for all new and existing Work Permit (including migrant domestic workers) […]
13 March 2023

Singapore – Serving the Accountancy Sector as One Entity

With effect from 1 April 2023, the Accounting and Corporate Regulatory Authority (ACRA), the Singapore Accountancy Commission (SAC) and the Accounting Standards Council (ASC) will merge […]