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Marina Bay Sands and Gardens by the Bay in Singapore

March 28, 2024

Wage Credit Scheme

The Wage Credit Scheme (WCS) is a Singapore government programme that co-funds wage increases for eligible local employees. Under the scheme, the Government shares part of the cost…

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Calculator and financial papers in a folder

March 28, 2024

Withholding Tax (Section 45)

Withholding Tax, as governed by Section 45 of the Singapore Income Tax Act, is a tax levied on certain types of income earned by non-resident individuals or companies…

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Singapore waterfront and business district

March 28, 2024

XBRL

XBRL, which stands for eXtensible Business Reporting Language, is a standardised markup language used for the electronic communication of business and financial data. It facilitates the efficient exchange,…

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Marina Bay Sands and Gardens by the Bay in Singapore

March 28, 2024

Xero

Xero is a cloud-based accounting software platform designed to streamline financial management processes for businesses of all sizes. Widely recognized for its user-friendly interface and comprehensive features, Xero…

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Marina Bay Sands and Gardens by the Bay in Singapore

March 27, 2024

Year of Assessment (YA)

In the context of taxation in Singapore, the term “Year of Assessment” (YA) refers to the specific fiscal year in which an individual or company’s income is assessed…

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Singapore waterfront and business district

March 27, 2024

Zero-Rated Supplies

In the realm of taxation, zero-rated supplies refer to goods or services that are taxable at a rate of zero per cent, meaning that although they are subject…

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Calculator and pen beside financial paperwork

March 27, 2024

Zero-Rised Financial Statement

A Zero-Rised Financial Statement refers to a financial statement where all values, typically monetary amounts, are represented as zero. This practice is not a common occurrence in standard…

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Marina Bay Sands and Gardens by the Bay in Singapore

March 26, 2024

Company Stamp

A company stamp, also known as a corporate seal or company seal, is a physical device used by a company or organisation to emboss or imprint important documents…

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Colleagues discussing documents in a meeting

March 22, 2024

Company Secretary

A company secretary is an officer appointed by a company to ensure that the company complies with statutory and regulatory requirements and maintains good corporate governance practices. The…

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Colleagues discussing documents in a meeting

March 22, 2024

Company Constitution

The company constitution, also known as the articles of association or bylaws, is a legal document that outlines the rules, regulations, and internal governance structure of a company.…

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