by Daryl Lum | May 13, 2024 | Glossary
Chargeable income in Singapore refers to the taxable income of an individual or a company after deducting allowable expenses, reliefs, and rebates from their assessable income. In other words, it’s the income on which tax is calculated. For individuals,...
by Daryl Lum | May 13, 2024 | Glossary
Assessable income in Singapore refers to the total income earned by an individual or a company that is subject to taxation by the Inland Revenue Authority of Singapore (IRAS). It includes income from employment, business, trade, profession, property, and any other...
by Daryl Lum | May 9, 2024 | Bookkeeping
Mastering the intricacies of financial reporting, particularly eXtensible Business Reporting Language (XBRL) filing in Singapore, presents a formidable challenge. This blog aims to demystify XBRL filing, offering a comprehensive overview encompassing its significance,...
by Daryl Lum | May 9, 2024 | Tax
In Singapore, a Tax Identification Number (TIN) is a critical element for managing tax obligations and facilitating financial dealings, existing in various forms for individuals (either Tax Reference Number (TRN), National Registration Identity Card (NRIC) or Foreign...
by Daryl Lum | May 9, 2024 | Glossary
PayNow is an advanced real-time payment platform engineered by the Association of Banks in Singapore. This system enables immediate inter-bank transactions between individuals and merchants. Supported by all major banks in Singapore, PayNow operates under the...
