by Willie Tan | Apr 2, 2024 | Glossary
A Double Taxation Agreement (DTA), also known as a tax treaty or tax convention, is an agreement between two countries that aims to eliminate or mitigate the double taxation of income or gains arising in one country and received by residents of the other country....
by Willie Tan | Apr 2, 2024 | Glossary
A dormant company is a legal entity, typically a corporation or a limited liability company (LLC), registered with the relevant government authority but is not actively trading or engaged in any significant business activity. While the company remains in existence and...
by Willie Tan | Apr 2, 2024 | Glossary
A dividend voucher is a document issued by a company to its shareholders to provide formal notification of the dividend payment they are entitled to receive. It is evidence that the shareholder is entitled to the declared dividend and typically includes important...
by Willie Tan | Apr 2, 2024 | Glossary
A dividend is a payment made by a corporation to its shareholders, typically in the form of cash or additional shares of stock. Dividends are distributed from the company’s earnings or profits and are usually declared and approved by the company’s board of...
by Willie Tan | Apr 2, 2024 | Glossary
A directors’ resolution in writing, also known as a written resolution of directors or board resolution, is a formal document used by the board of directors of a company to make decisions or authorise actions outside of a formal meeting. It is for directors to...
by Willie Tan | Apr 2, 2024 | Glossary
A digital bank, also known as an online or virtual bank, is a bank that operates primarily or exclusively over the Internet and digital channels, rather than through physical branches. Digital banks offer financial services and products, including savings accounts,...
by Willie Tan | Apr 2, 2024 | Glossary
A Dependent’s Pass is an immigration pass issued by certain countries, notably Singapore, to spouses and children of individuals holding certain employment passes or work visas. The purpose of the Dependent’s Pass is to allow the family members of foreign...
by Willie Tan | Apr 2, 2024 | Glossary
A declaration of solvency is a legal document prepared and signed by the directors or officers of a company to affirm that the company is solvent, meaning it has sufficient assets to cover its liabilities. This declaration is typically made in certain situations, such...
by Willie Tan | Apr 2, 2024 | Glossary
Budgeting is creating a plan to manage your financial resources effectively. It involves estimating and allocating how much money you will earn or receive (income) and how much you plan to spend (expenses) over a specific period, typically monthly, quarterly, or...
by Willie Tan | Apr 2, 2024 | Glossary
CorpPass is a digital authentication system introduced by the Singapore government for businesses and other entities to access and transact with government agencies online securely. It stands for “Corporate Pass,” a single login method for businesses to...
