With effect from 31 March 2017, companies will be required to maintain beneficial ownership information in the form of a register of registrable controllers, and to make the information available to public agencies upon request. Continue reading “Register Of Registrable Controllers”
Companies (Amendment) Bill
On 10 March 2017, the Parliament of Singapore passed the Companies (Amendment) Bill, which made certain changes to the Companies Act. At KSN, we have decided to highlight certain changes, and have provided a brief summary on how the new legislation will affect your business. Continue reading “Companies (Amendment) Bill”
Budget 2017 – General Changes To Business
Corporate Income Tax Rebate (“CIT”)
Currently, CIT rebate is 50% of tax payable, capped at S$20,000.
For YA2017, the cap on the CIT rebate will be increased from $20,000 to $25,000. The rebate remains unchanged at 50% of tax payable.
For YA2018, the cap on CIT rebate will be reduced to S$10,000. The rebate will be granted at 20% of tax payable. Continue reading “Budget 2017 – General Changes To Business”