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 […]
24 February 2023

Hong Kong – Budget 2023/24

Highlights Issue HKD5,000 electronic consumption vouchers to each eligible Hong Kong permanent resident and new arrival aged 18 or above Reduce profits tax, salaries tax and […]