June 1, 2020

PWCO Appointed as New External Auditors for Tricklestar Pte. Ltd.

Paul Wan & Co is proud to announce Tricklestar Limited, a company listed in the Singapore Stock Exchange, has appointed our firm as the External Auditors at their Annual General Meeting held recently. Incorporated in Singapore on 31 October 2018, TrickleStar Limited designs and supplies affordable, simple and easy-to-use energy-saving products to help consumers reduce…

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Wan Wei Han

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

May 29, 2020

Quick Guide: Singapore Tax Clearance and Circuit Breaker Measures

By law, Singapore employers are required to submit tax clearance forms to the Inland Revenue Authority of Singapore (IRAS) for foreigners and employees who plan to cease their employment and leave the country. Tax clearance involves notifying IRAS and submitting the final tax payable computation to the Authority. If the employee is posted overseas or…

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Tax Dept