Why It Matters Incorporating a local company in Singapore with the Accounting and Corporate Regulatory Authority (ACRA) is a vital step for entrepreneurs and businesses seeking to establish a...
Filing your annual return with ACRA is an essential compliance step for all Singapore-incorporated companies. Here’s what you need to know to ensure smooth and accurate submission. What Is...
In the Year of Assessment (YA) 2025, over 2 million employees (9 in 10 employees) will benefit from pre-filled tax returns, No-Filing Service (NFS), or Direct Notice of Assessment...
A Guide to Staying Compliant and Empowering Business Growth At YYC, we understand that staying compliant with tax requirements can feel overwhelming—especially for small businesses. That’s why we’re here...
On 22 May 2025, YYC Johor had the pleasure of hosting distinguished delegates from the Embassy of the People’s Republic of China in Singapore. The delegation, led by Mr....
Payment Due Date and Consequences of Late or Non-Payment The majority of companies pay their taxes on time. Corporate Income Tax is due one month from the date of...
Preparation of Tax Computations in Non-S$ Functional Currencies Companies that prepare their financial statements in non-Singapore Dollar (S$) functional currencies must also prepare their tax computations in the same...
Announcement from IRAS (15 January 2025) The Inland Revenue Authority of Singapore (IRAS) has announced new rules on transport expense reimbursements. Starting immediately, businesses must keep clear records of...
What is a Tax Computation? A tax computation is a financial statement that adjusts accounting profit to determine the income chargeable for tax. These adjustments include non-deductible expenses, non-taxable...
The Inland Revenue Authority of Singapore (IRAS) has introduced the GST InvoiceNow Requirement, marking a significant step towards digital transformation for GST-registered businesses. This initiative leverages the InvoiceNow network...