by Willie Tan | Apr 8, 2024 | Glossary
The Job Support Scheme (JSS) is a program implemented by the Singapore government to provide financial support to employers and help protect local jobs during economic downturns, such as the COVID-19 pandemic. The scheme aims to help businesses retain their employees...
by Willie Tan | Apr 8, 2024 | Glossary
the Job Growth Incentive (JGI) was a program introduced by the Singapore government in response to the economic challenges posed by the COVID-19 pandemic. The JGI encourages employers to expand their local workforce by providing wage subsidies for hiring new local...
by Willie Tan | Apr 8, 2024 | Glossary
The IR8A form is a document used in Singapore for reporting an employee’s income to the Inland Revenue Authority of Singapore (IRAS). Employers in Singapore are to issue the IR8A form to their employees by March 1st of each year, detailing their income earned...
by Willie Tan | Apr 8, 2024 | Glossary
The IR21 form, also known as the “Tax Clearance for Foreign Employees Leaving Singapore” form, is issued by the Inland Revenue Authority of Singapore (IRAS). It is used to notify IRAS when a foreign employee leaves Singapore permanently or for an extended...
by Willie Tan | Apr 8, 2024 | Glossary
The International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB), an independent, private-sector body based in London, United Kingdom. IFRS is designed to provide a common global...
by Willie Tan | Apr 8, 2024 | Glossary
An interim dividend is a dividend payment made by a company to its shareholders before its annual financial statements have been finalised. While final dividends are declared and paid after the company’s financial results for the full financial year are known,...
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...
