by The Raffles Corporate Services Editorial Team | May 7, 2026 | Accounting, Running Your Company, Tax
One of the easiest tax wins available to a Singapore corporate group is also one of the most overlooked: the group relief system under Section 37C of the Income Tax Act 1947. Group relief lets a profitable company in a Singapore group absorb the unutilised losses,...
by The Raffles Corporate Services Editorial Team | May 6, 2026 | Accounting, Tax
Capital allowances are the Singapore tax system’s substitute for accounting depreciation. Because IRAS does not recognise depreciation as a deductible expense, every Singapore company that invests in plant, machinery, fit-out, or industrial buildings has to...
by The Raffles Corporate Services Editorial Team | May 5, 2026 | Accounting, Corp Sec Library, Running Your Company
For most Singapore SMEs, the question “do we need to be audited?” has a one-line answer: not if you qualify as a “small company” under Section 205C and the Thirteenth Schedule of the Companies Act 1967. The small-company audit exemption is one...
by The Raffles Corporate Services Editorial Team | May 3, 2026 | Accounting, Running Your Company, Tax
Singapore’s tax system is largely territorial: by default, a Singapore tax resident company is taxed on income sourced in Singapore and on certain foreign income that is received or deemed received in Singapore. The mechanism that protects offshore profits from...
by The Raffles Corporate Services Editorial Team | Apr 28, 2026 | Accounting, Corp Sec Library, Running Your Company
If you incorporate a Singapore company, file financial statements, and breathe annually, the chances are you have already encountered XBRL — or you will, soon. eXtensible Business Reporting Language is the structured data format ACRA requires for financial statements...
