Author: admin
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Missing Trader Fraud and GST Input Tax Exposure
The Inland Revenue Authority of Singapore (IRAS) continues to place significant audit focus on Missing Trader Fraud (MTF), a GST risk area that can result in the denial of input tax claims, penalties, and interest. Businesses may be exposed even where transactions are commercially genuine if adequate due diligence has not been performed. Our firm…
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CPF Contribution Changes from 1 Jan 2026 — What You Need to Know
CPF Contribution Changes from 1 January 2026 — Key Updates for Employers & Employees Singapore will implement changes to CPF contribution rules starting 1 January 2026, affecting both senior workers and overall payroll planning. Key CPF Updates The CPF Ordinary Wage ceiling will increase from S$7,400 to S$8,000, meaning a larger portion of monthly wages…
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Accounting for Cryptoassets: Key Takeaways
As cryptoassets (such as cryptocurrencies, tokens and other digital assets) become more widely held by companies, traditional accounting methods face new challenges. Because of this shift, recognizing and reporting cryptoassets correctly under prevailing Singapore accounting standards is critical. Why Cryptoassets Aren’t Treated Like Cash or Securities Cryptoassets (e.g., Bitcoin, Ethereum) are not considered cash or…
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What Are Scope 1 and Scope 2 Emissions?
Understanding Scope 1 and Scope 2 Emissions As sustainability reporting becomes mandatory in Singapore, companies must understand how to classify and measure greenhouse gas (GHG) emissions under internationally recognised standards. The definitions of Scope 1 and Scope 2 come from the GHG Protocol, and are also adopted under ISSB/IFRS S2 Climate-related Disclosures, which form the…
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想拓展亚洲市场？新加坡是您的战略跳板
新加坡依然是全球最受外国企业家青睐的营商目的地之一。 凭借稳定透明的监管环境、具竞争力的税务制度、完善的知识产权保护以及高效便捷的公司注册流程，新加坡已成为发展区域与全球业务的理想枢纽。 为了协助外国创始人快速掌握关键要求、主要优势及完整的注册流程，我们特别准备了一份精简实用的公司设立指南（PDF），可于我们的网站免费下载。 若您正计划在新加坡设立公司，欢迎立即获取该指南。我们的专业团队也随时准备协助您完成公司注册、处理合规事项，并提供持续的业务咨询支持。若需帮助，请随时联系我们。 A Guide to Doing Business in Singapore – Chinese (Acseta)
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Thinking of Expanding Into Asia? Consider Singapore
Singapore remains one of the world’s most business-friendly destinations for foreign entrepreneurs. With a stable regulatory environment, competitive tax regime, strong IP protection, and straightforward company incorporation process, Singapore is an ideal hub for regional and global operations. To help foreign founders understand the key requirements, benefits, and step-by-step incorporation process, we’ve prepared a concise…
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InvoiceNow Requirements in Singapore: Key Updates and Effective Dates
InvoiceNow Requirements in Singapore: Key Updates and Effective Dates Singapore is progressing steadily toward nationwide e-invoicing adoption through InvoiceNow, built on the Peppol network. As implementation milestones take effect, businesses—especially new GST registrants—must prepare for both e-invoicing and GST compliance requirements. Who Must Comply and When? (GST-Related InvoiceNow Requirements) IRAS has outlined when voluntary GST…
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Impact of IFRS 18 Adoption on Singapore Companies — What It Means and How to Prepare
The International Accounting Standards Board (IASB) has issued IFRS 18 – Presentation and Disclosure in Financial Statements, introducing major changes to how financial performance is presented. Singapore is expected to adopt IFRS 18 into SFRS(I), with the effective date set for annual periods beginning on or after 1 January 2027. Because IFRS 18 significantly restructures…
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Singapore’s Current ESG & Climate-Reporting Regime and What’s Coming Next (2025)
Singapore is moving into a new era of environmental, social and governance (ESG) regulation, anchored on internationally aligned climate-reporting standards. The goal: to enhance transparency, improve comparability across companies, and support sustainable finance. Current ESG Regime in Singapore 1. Mandatory Climate-Related Disclosures (CRD) — Phased Introduction Singapore has introduced mandatory climate-related disclosures through a phased,…
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Proud Corporate Donor for ISCA Cares 2025 – 10th Anniversary
We are honoured to be a corporate donor for ISCA Cares 2025, joining the profession in celebrating its 10th anniversary and supporting its long-standing mission to uplift lives through education and community support. ISCA Cares has played a meaningful role over the past decade, providing financial assistance, mentorship, and opportunities to empower youths from less…