When the pandemic settles, it’s more than likely that not every traditional job will return or be long-lasting. Therefore, taking the time now to identify prominent career paths set to survive long into the future of work can help you stay relevant in the workforce. Don’t accept your placement in a dying industry. Technology has … Read more
What Is GST? Goods and Services Tax (GST) also known as Value-Added Tax (VAT) is the consumption tax levied on goods and services. In Singapore, the rate for GST is currently at 8%. However, not all businesses are required to register for GST and there are GST exemptions available for certain industries. If you want … Read more
Singapore Resident Tax Rates 2019 For Year of Assessment 2019 Source: IRAS Chargeable Income Income Tax Rate (%) Gross Tax Payable ($) First $20,000Next $10,000 02 0200 First $30,000Next $10,000 –3.50 200350 First $40,000Next $40,000 –7 5502,800 First $80,000Next $40,000 –11.5 3,3504,600 First $120,000Next $40,000 –15 7,9506,000 First $160,000Next $40,000 –18 13,9507,200 First $200,000Next $40,000 –19 21,1507,600 First … Read more
After completing the process to incorporate a company in Singapore, you are excited to start working on your product and expanding your business. However, it is important that you first research and mark out all the important filing datelines that you need to meet. Many new businesses make the mistake of missing out on their datelines, … Read more
Ministry of Manpower (MOM) Singapore announced that there will be adjustment for the administrative fees for application of work passes with effect from 1st April 2019. Table from MOM.GOV.SG PARTNERSHIP
What is XBRL? XBRL stands for eXtensible Business Reporting Language. It is a global framework (XML based language) mainly used for communicating and exchanging business information globally on the internet. XBRL is currently the international standard used by most companies worldwide for digital business information and is commonly used in lieu of physical paper documents. … Read more
What Is Singapore Employment Pass? The Singapore Employment Pass (EP) is one of the common work passes issued to foreign employees, business owners, professionals, and executives of Singapore companies/businesses. Unlike work permit and S-Pass, the Employment Pass is not under any quota system and there are no monthly levy charges for EP holders. There is … Read more
Guide to Using CorpPass in Singapore A CorpPass is used by all business and companies set up in Singapore as a digital unique business identity. Corppass is mainly used for online transactions with Government agencies such as IRAS, ACRA, CPF etc. With effect from 1st September 2018, the CorpPass is made mandatory for all businesses in … Read more
The Office Perk – Natural Lighting The benefits of natural light in the workplace have been a hot topic in recent years. It covers a huge range of welfare factors from employees’ health including employees’ quality of sleep and energy, productivity, overall mood, and energy costs. According to Neurology researchers at Northwestern University, people who … Read more
Why Need to Manage Time Wisely All of us aspire for a better work-life balance, to have a fulfilling career and spend precious time with our friends and family. Time management is a powerful tool; by knowing what to do, you will master the “How To” of good time management techniques and be able to … Read more