by Willie Tan | Apr 8, 2024 | Glossary
The Intellectual Property Office of Singapore (IPOS) is the national agency in charge of intellectual property (IP). It operates under the Ministry of Law and is crucial in Singapore’s innovation-driven economy by fostering a vibrant ecosystem for IP creation,...
by Willie Tan | Apr 8, 2024 | Glossary
The Inland Revenue Authority of Singapore (IRAS) is the main tax authority in Singapore responsible for administering and enforcing tax laws and regulations. It is a statutory board under the Ministry of Finance of Singapore. IRAS manages various types of taxes,...
by Willie Tan | Apr 8, 2024 | Glossary
An Initial Public Offering (IPO) is the process through which a private company becomes publicly traded by offering its shares to the public for the first time on a stock exchange. In an IPO, the company sells a portion of its ownership (equity) to investors through...
by Willie Tan | Apr 8, 2024 | Glossary
An import and export license is a legal document issued by a government authority that grants permission to individuals or businesses to import or export specific goods or services into or out of a country. These licenses are typically required to ensure that trade...
by Willie Tan | Apr 5, 2024 | Glossary
Income tax is a tax imposed by governments on the income earned by individuals, businesses, or other entities within their jurisdiction. It is one of the primary sources of revenue for governments and is used to fund public services, infrastructure, and government...
by Willie Tan | Apr 5, 2024 | Glossary
Goods and Services Tax (GST) is a value-added tax levied on the sale of goods and services at each stage of production and distribution. It is a consumption tax borne by the end consumer. Here are some key features of GST: Multi-stage Tax: GST is applied at each stage...
