by Willie Tan | Jul 1, 2024 | Glossary
Statutory income is a term used primarily in tax law to refer to income specifically defined by statute as subject to tax. This type of income includes all earnings that are legally required to be reported to the tax authorities and is subject to taxation according to...
by Willie Tan | Jun 28, 2024 | Glossary
The Comptroller of Income Tax in Singapore is a key official within the Inland Revenue Authority of Singapore (IRAS), responsible for the administration and enforcement of income tax laws. The role involves several critical functions and powers as stipulated in the...
by Willie Tan | May 31, 2024 | Glossary
A branch office in Singapore is a legal structure that allows a foreign company to establish a presence in Singapore. It is essentially an extension of the parent company and not a separate legal entity. Here are some key characteristics of a branch office in...
by Willie Tan | Apr 17, 2024 | Glossary
Force majeure is a legal term that refers to unforeseeable circumstances or events beyond the control of the parties involved in a contract, and which make it impossible or extremely difficult for one or both parties to fulfil their obligations under the contract....
by Willie Tan | Apr 17, 2024 | Glossary
A consortium is a group or association of individuals, companies, organisations, or governments that come together to achieve a common goal or objective. Typically, members of a consortium pool their resources, expertise, and capabilities to pursue projects or...
