Updates on GST Filing for E-Commerce Businesses
Details: IRAS now requires e-commerce businesses, including foreign ones selling to Singaporean customers, to register for GST and comply with
Simplified Incorporation for Foreign Entrepreneurs
Details: In 2024, Singapore introduced a streamlined incorporation process for foreign entrepreneurs. Entrepreneurs from certain regions can now complete incorporation
New ACRA Requirements for Register of Registrable Controllers
Details: As of July 2023, the Accounting and Corporate Regulatory Authority (ACRA) in Singapore requires companies to maintain a Register
Changes in Statutory Audit Exemptions for Small Companies
Details: Effective 2024, Singapore updated the threshold criteria for audit exemptions. Companies must meet specific financial thresholds to qualify for
New Digital Reporting Requirements
Details: As of 2024, IRAS encourages businesses to adopt digital accounting systems that align with Singapore’s new digital reporting standards.