Singapore’s GST system has evolved since its introduction in 1994, with the GST rate in Singapore rising to 9% in 2024. As the Singapore government prepares for Budget 2025 on 19 February, potential enhancements to the GST voucher scheme, relief for basic necessities, and tax adjustments could help balance the impact of the higher GST rate on Singaporeans.
Unsure if your type of income is subjected to withholding tax in Singapore? Find out the types of incomes and how to process withholding taxes.
No, Singaporean owned businesses do not have to abide by business laws of Singapore after expanding abroad. This is under the assumption that a separate legal entity has been formed abroad.
Gain insights into Singapore's employment laws and the compliance requirements for employers and employees. Explore key topics like pension plans, job safety, and workplace discrimination, along with commonly asked questions.
Are you planning to work in Singapore? This guide breaks down the different types of work visas available, their eligibility requirements, and how to navigate the application and renewal processes in 2025.
Starting a business in Singapore offers numerous advantages, including a business-friendly regulatory environment, tax incentives, and strong government support for local entrepreneurs and foreigners. This guide covers everything from company registration and funding options to trending market opportunities, helping you successfully set up a business in Singapore and navigate the local landscape.
Singapore's 2024 public holidays, showcasing its cultural diversity, include New Year's Day, Chinese New Year, Good Friday, Labour Day, Vesak Day, Hari Raya Puasa, National Day, Deepavali, and Christmas, each celebrated with unique traditions and festivities.
新加坡税务局（IRAS）创造了许多途径，使新加坡纳税人能够确保他们更有能力履行各种纳税义务。税务局通过各种不同的计划和方案来实现这一目标。 自动纳入计划是新加坡IRAS为方便新加坡纳税而实施的最著名的计划之一。新加坡的自动纳入计划允许某些雇员不再需要提交纳税信息，因为该计划允许其雇主代为提交。 如有必要，我们还将代表您联系IRAS 或与新加坡税务有关的任何其他当局，以便您可以确信我们已完全处理了您可能遇到的任何税务相关问题。 新加坡自动纳入计划的要点 新加坡的自动纳入计划是由 IRAS 推出的，目的是允许任何设在新加坡的雇主代其提交雇员的就业收入信息。自动纳入计划允许所有此类雇主以电子方式向 IRAS 提交此类信息。 IRAS 收到这些信息后，将自动将其纳入每位相关雇员的所得税评估。IRAS 随后会将这些信息自动纳入员工的纳税评估。因此，当这些员工随后提交所得税报税表时，他们无需提交就业收入信息，因为 IRAS 已经收到了这些信息。 从 2020 课税年开始，某些新加坡雇主必须参加自动纳入计划。必须参与该计划的雇主必须至少雇用七名员工，或已收到《根据自动纳入计划（AIS）以电子方式申报员工就业收入的通知》。 该通知已根据《所得税法》第 68 (2) 节在公报上公布。IRAS 还在其网站上提供了一个链接，任何感兴趣的人都可以根据应遵循的标准了解特定雇主是否属于自动纳入计划的一部分。 新加坡通过降低企业所得税税率和推出不同的税收优惠政策，吸引世界各地的投资。新加坡是世界上企业税率最低的国家之一。 联系我们 > 预约会议 > [...]
新加坡的个人所得税也是世界上最低的之一，外国收入不征税。 关于新加坡个人所得税，每个外国人都必须知道的4件事 新加坡个人所得税由新加坡税务局（IRAS）征收，征税期为每年的 1 月 1 日至 12 月 31 日，0 至 20,000 新元的收入为 0%，即免税。 新加坡个人所得税税率从 0% 到 22% 不等。 非居民按 15%的统一税率或居民税率纳税，以较高者为准。 个人所得税仅对来源于新加坡境内的收入征收。在新加坡境外赚取的收入免税。新加坡不征收资本收益税。 纳税人应在 4 月 15 日之前向 IRAS 提交年度个人所得税申报表。 新加坡个人所得税的三种征税方式 [...]
新加坡的公司经常寻求减少公司税的方法。在新加坡，政府已经启动了一些计划，帮助公司减少税款。新加坡目前的公司税率统一为 17%。 1. 新加坡免税——初创公司 新加坡税务局为初创企业提供头三个纳税年度的特别免税待遇。该计划的主要目的是促进创业，帮助初创公司在新加坡发展壮大并建立基地。 该计划适用于新加坡的所有初创公司，但下列公司除外 主要业务为投资控股；或 主要业务是开发房地产用于销售、投资或两者兼而有之。 符合条件的初创公司必须满足以下三个条件，才能获得免税资格： 公司必须是新加坡注册公司。 公司必须是新加坡该纳税年度的税务居民。 公司股东人数在该纳税年度不得超过 20 人。 符合条件的新加坡初创企业可免缴正常应税收入中的前 100,000 新元的税款。此外，该公司还可就其后 20 万新元的正常应课税收入免缴高达 50%的税款。 这项豁免适用于初创企业的头 3 个连续纳税年。由于这些优惠，大多数初创公司的实际税率在其运营的前三年都会大幅降低。 2. 慈善工作 企业与 IPC 合作计划为推动慈善工作的企业提供扣税。为鼓励企业志愿服务，企业在 2016 年 7 [...]
A company is deemed exempt from audits in Singapore, which means these companies will not need to appoint an auditor to have their accounts audited. However, they need to qualify to be a ‘small’ company based on at least 2 of these 3 criteria:
Despite such small companies are exempt from auditing, they still need to prepare accurate financial statements that comply with the standards in Singapore.
Auditing Practices in Singapore
ACRA
ACRA is Singapore’s business regulator. It ensures a trusted business environment by overseeing companies, accountants, and corporate service providers. Its functions include registration, financial reporting, auditing, governance, and disclosure. ACRA’s online platform, BizFile+, simplifies business processes.
IRAS
IRAS is Singapore’s tax authority. It assesses, collects, and refunds taxes. IRAS also educates taxpayers and investigates non-compliance. The MyIRAS portal offers online tax services.
Auditing in Singapore
In essence, ACRA sets the rules, and IRAS enforces them. Both agencies work together to maintain the integrity of financial reporting and ensure that companies are operating within the law. This is essential for investors, lenders, and other stakeholders who rely on accurate financial information.
Paul Hype Page provides you with strategic business expansion and business compliance services for over 2 decades, servicing the best of the South East Asia region. We make your entrepreneurial experience seamless for both locals and foreign expats.
We can issue an IRAS-approved audit report that meets both the Singapore government’s requirements and your company’s needs. The audit function of your company is in good hands with our professional Singapore-certified auditors.
Foreigners looking to incorporate a company in Singapore must appoint a nominee director (local director) as required by ACRA regulations. A nominee director acts on behalf of the business owner but does not hold ownership or management control.
For Employment Pass (EP) holders, nominee director services allow for a smooth transition of ownership once the EP is approved. Options include Short-Term Nominee Director (STND) services for 2 or 6 months, ensuring compliance while awaiting EP approval.
If you are a foreigner, you cannot be the director of the company unless you have an Employment Pass also known as an EP. This renewable work visa permits you to live and work in Singapore, whether you’re an employee, business owner, or anything in between.
It’s the most popular choice for foreigners looking to start a business or relocate to Singapore.
First, You will have to incorporate your company under the name of a local Singapore director (Nominee Director). Then, you will have to apply EPass under your company so that we can transfer the ownership to you under your Employment Pass (EP).
The estimated timeline for the Singapore EP application is between 2-4 months, depending on the case. In some instances, it could drag up to 6 months if multiple rounds of appeals are requested.
The Singapore Employment Pass (EP) is a work visa for foreign professionals, managers, and executives relocating to Singapore.
You can apply for an EP if you:
✔️ Have a job offer in a managerial, executive, or specialized role from a Singapore company
✔️ Earn a minimum fixed salary of S$5,000/month
✔️ Hold a recognized diploma or degree from a reputable university
✔️ Possess specialist skills, professional qualifications, or relevant work experience
✔️ Score at least 40 points under the COMPASS framework
✅ Legally live and work in Singapore
✅ Hassle-free travel without requiring an entry visa
✅ Potential pathway to Permanent Residency
✅ Flexibility to start and manage your own business
✅ Benefit from Singapore’s low tax rates
Are you a business owner in Singapore looking to expand your operations and reach new markets? Considering entry into a new market or expanding an existing one overseas? The MRA grant offers the financial boost you need to make it happen.
The purpose of the MRA grant is to support Singapore owned businesses for business development, promotion, and set-up costs when you set up a business in oversea.
At least 30% of the company’s equity must be held directly or indirectly by Singapore Permanent Residents (PRs) or citizens, determined by ultimate individual ownership.
The grant covers up to 50% of eligible costs for Local SMEs, with specific caps for different activities and limited to a maximum of S$100,000 per new market and may include:
Currently, from April 1, 2023 to March 31, 2025, the grant covers up to 50% of eligible costs, capped at S$100,000.
If you are planning to establish a business in Singapore, opening a corporate bank account is a mandatory step upon incorporation. A dedicated corporate account ensures that business transactions remain separate from personal finances, allowing for clearer cash flow management, accurate income tracking, and efficient expense monitoring.
Our focus is to demonstrate your company’s tax substance and assist in selecting a banking solution tailored to your business needs. Most importantly, you do not need to be physically present—we collaborate with our trusted banking partners to enhance your chances of a successful corporate account opening.
If you are a foreigner, you will need a nominee director (local director) to incorporate your company in Singapore.
What is a Nominee Director?
Nominee director is an individual who is appointed to act as a director of the company on behalf of another individual or entity. For all foreigners establishing businesses in Singapore, having a nominee director is essential due to regulations from the Accounting & Corporate Regulatory Authority (ACRA).
There are 2 types of Nominee Director services in Singapore.
They are:
If you are a foreigner, you cannot be the director of the company unless you have an Employment Pass.
First, You will have to incorporate your company under the name of a local Singapore director (Nominee Director). Then, you will have to apply EPass under your company so that we can transfer the ownership to you under your Employment Pass (EP).
What is Singapore Employment Pass?
Singapore Employment Pass, often referred to as the ‘EP,’ a work visa is issued to foreign professionals, managers, executives, and experts relocating to work in Singapore.
The estimated timeline for the Singapore EP application is between 2-4 months, depending on the case. In some instances, it could drag up to 6 months if multiple rounds of appeals are requested.
The requirements for registering a company in Singapore are simple and straightforward. They are:
