Our collection of resources based on what we have learned on the ground
Resources
Q&A
How does the tax incentive program operate in Singapore?
- January 2013
- Free Access
Take one example, the incentives under Productivity and Innovation Credit Scheme – businesses can get cash payout or a 400 percent tax deduction or allowance on expenditure of up to SG$ 400,000 on each of the following six activities: Purcha...
Q&A
Is share capital required under Singaporean law?
- January 2013
- Free Access
The minimum paid-up capital (equivalent to share capital) is S$1 and the amount of this capital can be increased anytime after the incorporation of the company.
Q&A
What is a registered address for setting Singaporean company?
- January 2013
- Free Access
A physical address in Singapore (be that residential or commercial) must be provided as the registered address of the company. All premises must be approved for business use by the Urban Redevelopment Authority. However, a P.O. box cannot be used as ...
Q&A
How long does it take to register a company in Singapore?
- January 2013
- Free Access
Given that company registration can also be done through the online platform with Accounting and Corporate Regulatory Authority, it normallyt takes 1 to 2 days. If the application for registration shall be subject to reviews and approvals by other de...
Q&A
What should be disclosed during an annual general meeting in Singapore?
- January 2013
- Free Access
Directors of the company must disclose a true and fair view of the profit and loss accounts of the company to the shareholders. These accounts presented should be made up to a date not more than 6 months before the annual general meeting. For private...
Q&A
How will the new regulatory changes impact to Singaporean company law?
- January 2013
- Free Access
The recent regulatory changes are aiming to reducing regulatory burdens, compliance costs, providing greater flexibility to companies, improving corporate governance and bringing benefits to various stakeholder groups. These regulatory amendments are...
Q&A
What are the major taxes that are most relevant to foreign-invested entities in ...
- January 2013
- Free Access
The major taxes are as follows: Corporate income tax Dividend distribution tax Minimum alterative tax Value-added tax Central sales tax Goods and services tax Customs duty Excise duty (CENVAT) service tax Capital gains tax Wealth tax Wit...
Q&A
How is corporate income tax levied under Indian laws?
- January 2013
- Free Access
Corporate income tax is levied against the income or profit made by a corporation in accordance to Income Tax Act. There is the divsion between domestic and foreign corporations, where all foreign-invested corporations, except liaison offices (since ...
Q&A
What is dividend distribution tax under Indian law?
- January 2013
- Free Access
It is a tax levied when dividend is distributed and against the distributing company, not its shareholders and the tax rate is 16.22 percent.
Q&A
What is the minimum alternative tax under Indian law?
- January 2013
- Free Access
It is a tax that is levied to company that has adjusted booked profit that amounts to less than 18 percent. The tax rate is 18.5 percent plus education cess and surcharge.
Q&A
How is value-added tax levied under Indian law?
- January 2013
- Free Access
Value-added tax is levied on most types of goods t 12.5 percent. There are alternative rates, such as four percent and one percent, given certain requirements are met. However, there is no such tax on import and the rate on export is zero. Also, for ...
Q&A
What is central sales tax under Indian law?
- January 2013
- Free Access
Central sales tax is a tax that is applicable to goods that are traded interstate. Thus, if registered dealers buy and sell goods for the purpose of trading, or for the sake of manufacturing inputs or other specific activities, then the tax will be a...
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