Setting Up an Offshore Company in Singapore
Company formation offshore requires substance and transparent compliance. See resident-director rules, banking checks and annual filings for foreign founders.
What is Mosque Building and Mendaki Fund (MBMF)?
Understand the mosque building mendaki fund (MBMF), including eligibility, current $3-$26 contribution bands, payroll deductions and payment routes by payroll.
Senior Minister of State, Mrs Josephine Teo Paid a Visit to 3E Accounting
Senior Minister of State, Mrs Josephine Teo Paid a Visit to 3E Accounting We are honoured to have the Senior Minister of State, Mrs Josephine Teo, visited our headquarter office in Singapore on 28 November 2016. Mrs Josephine Teo visiting 3E Accounting’s Kids Corner, where working moms bring their kids to office when there is…
Mandatory retrenchment notifications from 1 January 2017
New Requirement on Mandatory Retrenchment Notifications From 1 January 2017 A new requirement on mandatory retrenchment notifications will take effect from 1 January 2017. The tripartite partners have issued an advisory to guide employers on complying with this requirement. Under the Workforce Singapore Agency Act, employers will need to notify the Ministry of Manpower (MOM)…
Singapore-Laos Avoidance of Double Taxation Agreement Enter Into Force
Singapore-Laos Avoidance of Double Taxation Agreement Enter Into Force (DTA) The new Singapore-Laos People’s Democratic Republic Avoidance of Double Taxation Agreement (DTA) entered into force on 11 November 2016. The DTA provides clarity on tax matters and eliminates double taxation relating to cross-border transactions between the two countries. The full text of the DTA is…
Transfer Pricing Administration
Transfer Pricing Administration From Year of Assessment (YA) 2018, taxpayers must report certain details of related party transactions (RPT) if the value of RPT in the audited accounts for the financial year exceeds $15,000,000. The Form for Reporting Related Party Transactions should be submitted together with the submission of Form C. The RPT data will…
Conditions of Employment 2016
Conditions of Employment 2016 Greater adoption of work-life initiatives by employers More employers are providing ad-hoc flexible work arrangements and leave benefits to help employees cope with personal and family commitments. Firms that implement work-life initiatives tend to have lower employee turnover. These are the key findings from the “Conditions of Employment 2016” report released…
Changes in SSIC code for Business Activity for some Business Entities
Changes in SSIC code for Business Activity for some Business Entities Due to changes in the Singapore Standard Industrial Classification (SSIC) issued by the Department of Statistics, the SSIC code for the business activity of some business entities will change. SSIC 2015 incorporates recent changes in economic activities to better reflect the current structure of…
Exploring the Chinese Development Assistance Council (CDAC)
CBAC Singapore readers usually mean the CDAC Fund. Learn 2026 contribution rates, who must contribute, employer payroll duties and opt-out rules in Singapore.
Beach Clean-Up: Cleaner Beaches, Safer Environment
A Safe Environment Begins With A Clean Natural Surroundings The world we live in is our responsibility. This has been drummed throughout generations, yet many more have yet to understand how it affects us, literally. As much as we can, we harness and exploit the riches of the earth to our pleasures. Adversely, it affects…
Managing Director Charged For Collecting Over $105,000 In Kickbacks
Managing Director Charged For Collecting Over $105,000 In Kickbacks by MOM On 11 October 2016, the Ministry of Manpower (MOM) charged Ng Boon Cheng (Ng), the Managing Director of Lian Lee Wooden Case Maker Co Pte Ltd, with 20 counts of collecting kickbacks amounting to $105,235 from 20 of his foreign workers, as a condition…
ACRA issued second report on key findings from reviews of listed companies’ financial statements
ACRA issued second report on key findings from reviews of listed companies’ financial statements Companies are responding positively to measures taken to improve quality financial reporting instituted by ACRA’s Financial Reporting Surveillance Programme (FRSP). In the second annual FRSP report issued, it was observed that companies took quick action to rectify financial reporting gaps highlighted…