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August 23, 2024
In a significant move to protect the privacy of business owners, directors, and shareholders, the Accounting and Corporate Regulatory Authority (ACRA) of Singapore is set to implement a…
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August 23, 2024
In today’s digital age, data is one of the company’s most valuable assets. Whether it’s customer information, financial records, intellectual property, or operational data, the integrity and confidentiality…
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August 22, 2024
Dutiable documents for share transfers encompass both physical and electronic formats: Share Transfer Contracts and Instruments These documents, executed upon share acquisition, incur a Stamp Duty based…
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August 20, 2024
Employers need to be aware of their Central Provident Fund (CPF) contribution obligations across various components of employee remuneration. As a general rule, CPF contributions are mandatory for…
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August 14, 2024
The Monetary Authority of Singapore (MAS), along with DBS, HSBC, OCBC, UOB, SPTel, and SpeQtral, has entered into a Memorandum of Understanding (MoU) to collaborate on quantum security…
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August 5, 2024
Under Singapore Financial Reporting Standards (SFRS), specifically SFRS 15 “Revenue from Contracts with Customers,” non-refundable upfront fees are generally not recognised as revenue when received. Instead, these fees…
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August 5, 2024
Under Singapore Financial Reporting Standards (SFRS), specifically SFRS 15 “Revenue from Contracts with Customers,” customisation or installation services can be considered separately from the related product sale under…
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August 2, 2024
Under the Financial Reporting Standards (FRS), particularly FRS 15/ASC 606, contract acquisition costs can be capitalised, rather than expensed immediately, if conditions are met. Capitalisation of Contract…
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July 31, 2024
The Commodity Trading Sector in Singapore Singapore hosts approximately 300 global trading companies, operating under the International Enterprise Global Traders Program, which includes some of the world’s largest…
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July 29, 2024
Senior Employment Credit (SEC) The SEC program offers wage subsidies to Singapore employers hiring senior Singaporean workers. The aim is to assist businesses in managing the higher costs…
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