by Editor | Sep 20, 2023 | Taxation & GST
Employee Share Option Plans in Singapore are a valuable incentive for both start-ups and employees in the country. It is essential for companies that adopt ESOPs to understand the tax implications that surround ESOPs, both for the granting company and the employees...
by Editor | Jun 14, 2023 | Taxation & GST
The GST Assisted Self-Help Kit (GST ASK) offered by the Inland Revenue Authority of Singapore (IRAS) is a valuable resource for businesses aiming to simplify their GST compliance. In this article, we will review the benefits of adopting the ASK, exploring how it helps...
by Editor | May 11, 2023 | Taxation & GST
As a business owner in Singapore, it is essential to understand your tax obligations and ensure that you comply with the relevant regulations. One of the key tax requirements for businesses is corporate tax filing, which involves submitting either Form C-S, Form C-S...
by Editor | Apr 19, 2023 | Taxation & GST
Every GST-registered business in Singapore must know how to file GST returns for their business correctly. Filing GST returns can be a cumbersome process, and if not done correctly, it can lead to penalties and fines. To avoid making these mistakes, businesses might...
by Editor | Mar 20, 2023 | Taxation & GST
Phantom shares are a form of equity compensation that some companies use to incentivise and retain employees. Unlike traditional stock options or shares, phantom shares do not actually represent ownership in the company. Instead, they are a form of cash bonus tied to...
by Editor | Mar 2, 2023 | Taxation & GST
Starting from 1 January 2023, the Goods and Service Tax (GST) rate has been increased from 7 per cent to 8 per cent, with further plans to increase to 9 per cent starting from 1 January 2024. Businesses of all sizes should not take the GST rate hike lightly and should...
