Articles in Singapore

  • BML v Comptroller of Income Tax [2017] SGHC 118 revolves around the interpretation of s 14(1)(a) of the Act on the deduction of interest expenses upon money borrowed for capital employed in acquiring income. Case Facts to Consider BML, the appellant, owns and operates a more

  • There are many reasons to wind up a company. Maybe your company has ceased business activities, or maybe you're looking to minimize tax liabilities. In these two cases, voluntary winding up is possible. However, there are also two other ways to wind up a company: more

  • Singapore's sole proprietorship means that one person or one company owns a business. The business can have no partners, and the owner has the ultimate say in the complete running of the business. The sole proprietorship can have its own name so long as the more

  • Singapore has enacted customer accounting changes, for certain goods, that will go into effect on 1 January 2019. The new changes have been enacted in an attempt to deter fraud schemes and maintain Singapore's identity as a low-fraud country. Sellers often hide the GST collected, more

  • Accountants are able to get an intimate look at a company's books. When an accountant is tasked with auditing the books or doing a company's taxes, the accountant is often able to uncover accounting fraud. But the field has since moved in a new direction. more

  • A Singapore company may decide to shut its doors for a variety of reasons, but winding down operations can be a lengthy, complex process. The amount of time it takes to shut down the operation will depend on how well the company has been administered more

  • Taxpayers should comply with their tax obligations, but a select few taxpayers engage in tax evasion and fraud. These practices can lead to billions of lost revenue annually, putting strain on both the economy and other taxpayers. Sales Suppression Technology: The Basics Tax fraud can more

    • Posted by admin
    • 16 January 2018
    • Articles

    VAT MOSS, also known as VAT Mini One Stop Shop, is a new regulation that went into effect on 1 January 2015. The regulation, which affects digital products sold in the European Union, makes VAT chargeable at the place of purchase rather than the place more

  • Under Section 171(1) Cap 50 of the Companies Act, every company shall appoint one or more company secretary who is a natural person and whose principal place of residence is in Singapore. The responsibility of ensuring that the appointed company secretary is competent and has more

  • Thinking of running a business out of your HDB flat? Before you dive in, it’s important to understand what you can ­– and can’t – do. Whether you’re running an online marketing business or hosting tutor sessions from the comfort of your flat, there are more

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