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Singapore is shifting towards a fully digital GST compliance system through InvoiceNow, the national e-invoicing network built on the PEPPOL standard. It enables businesses to exchange structured invoice data electronically, improving efficiency, accuracy, and transparency in tax reporting. Under the GST InvoiceNow Requirement, GST-registered businesses must use InvoiceNow-ready solutions to transmit invoice data to IRAS.…
Singapore’s corporate compliance framework has become more stringent following the commencement of key provisions under the ACRA Corporate and Accounting Laws (Amendment) Act 2025 in May 2026, which include stricter enforcement of directors’ duties, with penalties of up to S$20,000 and imprisonment of up to 12 months for serious breaches. As a result, businesses that…
Singapore is rapidly moving toward a fully digital tax and invoicing system, & InvoiceNow is at the centre of this transformation. According to IMDA updates, more than 60,000 businesses are already connected to InvoiceNow, reflecting steady nationwide adoption of Peppol-based e-invoicing across SMEs and larger enterprises. This foundation is now being extended into GST compliance…
Corporate tax filing is a mandatory annual compliance requirement for all companies in Singapore under the Inland Revenue Authority of Singapore (IRAS). For the Year of Assessment (YA) 2026, all companies must file their Corporate Income Tax Return by 30 November 2026, including companies with no income or business activity. If your company is inactive,…
Singapore Raises 2026 Export Growth Forecast Amid Rising Global AI Demand Singapore has raised its export growth outlook for 2026 as growing demand for artificial intelligence (AI) technologies continues to strengthen the country’s electronics sector. Singapore Upgrades 2026 Export Growth Forecast Enterprise Singapore (EnterpriseSG) now expects non-oil domestic exports (NODX) to grow between 3%…
According to the Accounting and Corporate Regulatory Authority (ACRA), company incorporation in Singapore is now routinely completed within 24 hours through BizFile+, with new registrations processed at a pace that highlights both demand and system efficiency in 2026.
Singapore is widely recognised for its ability to facilitate company incorporation with remarkable speed, which is as little as one business day, but what happens after registration is far more critical. For tax compliance, avoid these 6 gst filing mistakes that trigger iras queries in 2026. For a concise overview of these first obligations, see…
Can a foreign entrepreneur truly control a Singapore company without living in Singapore, or does compliance quietly dilute control before the business even begins? And if circumstances later call for a full change of appointee, this practical handover guide to replacing a Singapore resident director covers every step. Many foreign-owned companies formed in Singapore are…
What distinguishes businesses that endure a crisis from those that fail under one? If that change eventually means exiting the company altogether, it helps to understand how to sell your business in Singapore from start to finish. In many cases, the answer lies in structure, specifically whether those who built the business gave careful thought…
EnterpriseSG Launches Austin Office to Drive Digital Economy Growth in the U.S Enterprise Singapore has opened a new office in Austin, Texas, to help local companies grow in the US market and support digital economy growth. This is its fourth US office, marking its official joining of the New York, Los Angeles, and San Francisco.…
The number of registered business entities with the Accounting and Corporate Regulatory Authority (ACRA) in Singapore has increased consistently over the past five years, reaching more than 625,000 as of 2026, although the supply of accountants continues to decline due to an acute shortage of skilled labour and the retirement of professionals. Clients are now…
The Infocomm Media Development Authority (IMDA) notes that over 70% of companies are already using AI in their operations, even as new governance expectations begin to take shape alongside that adoption. Routine compliance activities, including company incorporation, statutory filings, and annual returns, are increasingly executed through automated systems that minimise delays and reduce manual intervention.…