May 29, 2020

Quick Guide: Income Tax for Foreigners and Returning Singaporeans

By law, individuals are required to file income tax returns and pay their annual income taxes to the Inland Revenue Authority of Singapore (IRAS). This applies to a majority of full-time employees in the country including Singaporean citizens, Permanent Residents (PRs) and foreigners deriving income in Singapore.  This year, the COVID-19 pandemic and resulting Circuit…

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Tax Dept

May 29, 2020

Quick Guide: IRAS Auto-Inclusion Scheme (AIS) for Employers

The Auto Inclusion Scheme (AIS) is a tax scheme geared towards Singapore employers and administered by the Internal Revenue Authority of Singapore (IRAS). It allows employers to submit the income tax information of their employees electronically. The purpose of this scheme is to facilitate the calculation of income taxes for employees in Singapore by including…

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Tax Dept

March 26, 2020

How to Open a Company in Singapore in 2020

Registering a company in Singapore is not a complex procedure. In fact, Singapore is ranked 2nd in the list of countries that offer the best environment for businesses according to the 2020 “Doing Business” report issued by the World Bank Group.  According to this report, there are only two procedures required to successfully start a…

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Tax Dept