Dividends Payout

What are Dividends? At the end of the financial year, the company’s board will assess the financial status of the company and decides if the company has perform well in terms of financial to distribute payouts to the shareholders as a final dividends. If the...

Personal Tax Rates & Tax Reliefs in Singapore

Similar to corporate tax, Singapore’s personal tax rate are one of the lowest and most competitive in the world. Depending on the tier of income earned, tax rates starts from 0% to a maximum of 22% and there is also various tax reliefs that the tax payer can apply to...

Regulatory Compliance for Dormant Company

The definition of dormant company differs between Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS). ACRA defines a company as dormant if it had no accounting transactions during a given period even if it does an...

Striking Off / Cessation of Company in Singapore

When a company decides to cease operation, a strike-off application has to be made to ACRA in order for the dissolution of Company to take effect. Prior to the application, it is important to note that the company should first resolve all the tax matters with IRAS....