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Tax Deduction for Charitable giving in Singapore

Tax Deduction of 2.5 Times the Amount of Donation made from 2009 to 2015 To encourage charitable giving in Singapore, the Minister for Finance announced that  tax deduction of 2.5 times will be extended to donations made to 31 December 2015. 1.  Donations to named Institutions of a Public Character (IPC), IPC facilities, events or programmes are tax deductible. The charitable […]

Challenges that young entrepreneurs face in Singapore

Challenges that young entrepreneurs face in Singapore There is a Chinese saying: “万事起头难”, which means that in everything and whatever you do, it is always the hardest from the beginning. Needless to say, the same goes for everyone, business owners or anyone starting a business. For young entrepreneurs, the challenges they face might somewhat be more daunting than […]

Good Accounting Practices

     @Work IT FIGURES A good set of accounts is a stepping stone to business success BY TAN WEI LING DO YOU value your company’s reputation and business credit rating? Are you keen to ensure that current and potential investors will view your  company as a choice investment? How do you make your business […]

Business in Singapore

     1. What do I need to incorporate a Singapore company?     You need: Either a local or foreign individual to register the company; A minimum paid-up capital of $1, there is no requirement for authorised capital; At least one director and one shareholder. At least one of your directors must be a […]