Singapore is a country known for its excellent working conditions. From employment laws to competitive salaries, the city-state has gained a reputation for being a suitable environment for both local and migrant employees. Though the living expenses in the Republic is also considered one of the highest, this is offset by the fairly low income tax for both business owners and individuals, as well as work-life balance imposed by its employment laws. An Overview of Singapore’s Employment … [Read more...]
A Guide to Singapore Personal Income Tax
When it comes to personal income taxes, Singapore is among the countries in Asia that has the most favourable rates for individuals and businesses. It follows what is called a progressive income tax rate, a system which charges taxpayers with higher incomes a higher tax rate. Even with the city-state having a maximum withholding tax rate of 20%, it still ranks pretty low among other countries. In Asia alone, it bests fellow neighbours like Japan, India, Korea, and the Philippines … [Read more...]
A Startups’ Quick Guide to Corporate Tax in Singapore 2016
Among the defining factors of Singapore's open and promising environment for entrepreneurs is its corporate tax system. The city-state has a well-known reputation for having one of the world's most attractive tax rate for enterprises. The corporate tax rate of a country is a strong key point of consideration for entrepreneurs who are deciding where to register their companies. Singapore stands out not only for its easy business formation process but also and more importantly, for … [Read more...]
Singapore Ranks 5th Best City for Female Entrepreneurs
The Republic of Singapore has been ranked as the best city for female entrepreneurs in the Asia-Pacific region and the fifth best city in the world following New York, San Francisco Bay Area, London, and Stockholm, according to a recently published study conducted by Dell Incorporated. The United States-based tech giant has partnered with leading market insight and analytics firm IHS Incorporate to conduct a first-of-its-kind international gender-specific study … [Read more...]
Singapore Enhances iSPRINT to Help SMEs Thrive
The Singapore government’s Chief Information Officer is called as the Infocomm Development Authority (IDA). It is the city-state government’s division that pushes for progress and innovation on the local information and communications technology (ICT) industry. ICT is also known as Infocomm, covering information processing through electronic communications and internet technology. Aside from focusing on Infocomm's progress, IDA’s primary mission is to use this development to primarily … [Read more...]
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