Tax & Compliance

Tax clearance in Singapore is a mandatory requirement under the Inland Revenue Authority of Singapore (IRAS) for employers who hire foreign employees or Singapore Permanent Residents. Known as IRAS tax clearance, the process ensures that all outstanding income taxes are fully settled before the employee leaves Singapore, ceases employment, or begins an overseas assignment. Fulfilling…

Renewing a Singapore Employment Pass (EP) is essential for foreign professionals who wish to continue working and residing legally in Singapore. The renewal process ensures both employers and employees remain fully compliant with the Ministry of Manpower’s (MOM) requirements, including qualifying salary, role relevance, and the COMPASS framework. MOM permits renewal applications to be submitted…

Accurate financial management is fundamental to every small enterprise, and the right tools can significantly improve efficiency and decision-making.  Traditional manual bookkeeping is gradually being replaced by digital solutions, with modern small business accounting software offering automated processes, real-time insights, and greater accuracy than paper-based systems. Cloud-enabled platforms have further accelerated this shift by allowing…

The best accounting firms in Singapore depend on your company size, compliance needs, and budget. Large corporations often work with Deloitte, EY, KPMG, PwC, or BDO for audit and advisory depth, while SMEs and foreign-owned startups may prefer practical providers such as BBCIncorp for accounting, tax, payroll, and compliance support. This guide compares 12 accounting…

In Singapore, company audits serve as a cornerstone of financial integrity and regulatory compliance. Governed by the Companies Act and monitored by ACRA, audits ensure that a company’s financial statements present a true and fair view in accordance with the Singapore Financial Reporting Standards (SFRS). Understanding audit requirements Singapore is therefore critical, not only to…

Singapore’s reputation as a low-tax jurisdiction makes it a strategic hub for global investors and multinational companies. Yet one common question remains: is dividend taxable in Singapore? Understanding the nuances of the Singapore dividend tax system is crucial for shareholders, business owners, and foreign investors looking to structure their income efficiently. Under the one-tier corporate…

Personal income tax in Singapore is a key responsibility for individuals earning income within the country. A clear understanding of residency status, applicable tax rates, reliefs, and filing requirements is essential, as these elements directly shape one’s tax liability and compliance obligations. For the Year of Assessment (YA) 2025, notable updates include adjustments to certain…

Is your accounting framework a silent enabler of integrity or just another routine compliance task? For many enterprises, accounting remains misunderstood as a back-office function focused solely on bookkeeping and tax filing. Yet in Singapore’s governance-driven business environment, accounting is far more than a regulatory necessity. It is the very structure that safeguards transparency, ensures…

Unlock growth with BBCIncorp Singapore accounting services and the Enterprise Accountant solution. Stay compliant, cut costs, and scale with confidence.

Singapore’s tax system is known for its simplicity and efficiency, with individuals taxed based on a progressive income scale. However, beyond the standard tax rates, many residents may not fully leverage one of the most powerful tools available to optimize their finances: tax relief. Designed to reduce your chargeable income, tax reliefs in Singapore cover…

BizFile Singapore is the official digital filing and information platform operated by the Accounting and Corporate Regulatory Authority (ACRA). As the core system for all Singapore-registered businesses, BizFile simplifies company incorporation, statutory compliance, and ongoing corporate management. The ACRA BizFile platform processes over 1 million transactions annually, underscoring its vital role in fostering transparency and…

The foreign worker levy in Singapore serves as a key regulatory measure to manage the proportion of foreign manpower and sustain a balanced labour market. Employers of Work Permit holders are required to pay this foreign worker levy (FWL) monthly, with rates determined by sector and workforce composition. The levy framework incentivises prudent manpower planning…

Compliance in Singapore is often seen as a burdensome and solitary task. In reality, it can be a collaborative journey that strengthens business resilience and long-term success. For instance, the Corporate Service Providers Act 2024 has introduced major changes, including tighter oversight and more complex reporting obligations. Companies must now meet even higher standards for…

Explore the evolving role of Corporate Service Providers in Singapore, from compliance support to strategic advisory. Contact BBCIncorp for global company services.

Explore why compliance matters more than ever under Singapore CSP Act, and how BBCIncorp helps businesses stay secure, transparent, and globally competitive.

Obtaining a Certificate of Incorporation in Singapore is a fundamental step for anyone planning to start a business in the country. Whether you’re an entrepreneur, a startup founder, or a small business owner, understanding what the certificate entails and how to obtain one is critical for establishing your company’s legitimacy and ensuring smooth operations. This…

Bookkeeping services in Singapore help startups and SMEs maintain accurate financial records, prepare tax filings, and stay compliant with Accounting and Corporate Regulatory Authority (ACRA) and Inland Revenue Authority of Singapore (IRAS) requirements. The best provider depends on your transaction volume, reporting needs, software preference, and whether you need extra support such as payroll, GST,…

Learn effective strategies for audit preparation in Singapore with tips on documentation, timelines, and collaboration to ensure a stress-free audit experience.

Discover the essentials of corporate governance in Singapore with this guide. Learn practical steps to ensure your company meets the highest standards for long-term success.

Our informative article explores the process of obtaining a Certificate of Residence (COR) in Singapore. Gain valuable insights into the eligibility criteria, and notable benefits now!

Discover the details of filing Estimated Chargeable Income (ECI) for Singapore businesses. Our detailed guide provides step-by-step instructions to ensure compliance with filing obligations!

Discover our essential guide to understanding Singapore’s Notice of Assessment (NOA). Optimize your financial strategies and avoid unwanted penalties. Start exploring now!

Learn the importance of the Tax Identification Number (TIN) in Singapore to ensure business success, whether you’re an individual aiming to incorporate or work as an employee.

Singpass registration for work permits for locals and foreigners is most useful in Singapore. Find out the whole registration process right here.

Employment termination in Singapore is a crucial aspect that both the employee and employer need to know. Find out why

The register of registrable controllers is a mandatory requirement for all companies registered in Singapore. Explore here for more info.

Explore the vital impact of changing company particulars in Singapore on your enterprise. Join us as we navigate the essential process and seize new growth opportunities.

Discover the potential of allotment and issuance of new shares for your business. Explore new opportunities and gain insights in this informative article.

Singapore has various types of shares, including ordinary shares, preference shares, etc. Read this article to understand the difference between them and the benefits of these shares.

For corporate tax filing in Singapore, your company must file 2 tax returns. The deadline of each return will be different, based on the financial year end.

Your company must include its Singapore financial statements in annual reports. Learn everything about these documents through these 6 questions.

Your company must hold an Annual General Meeting in Singapore. However, it can be exempted from such a requirement if certain conditions are satisfied.

A nominee director helps you fulfill the Singapore incorporation requirements. You can hire one via service and later replace him by getting an Employment Pass.

Individuals are not subject to Singapore dividend tax. However, companies may do so. Learn more about Singapore dividends through these most asked questions.

Singapore imposes tax on foreign income when it is remitted to the nation. However, exemption from foreign income tax is possible if certain conditions are met.

Property stamp duty in Singapore is imposed on documents relating to fixed properties. The tax rates vary according to activities, namely buying or renting

Property in Singapore is taxed based on its annual value and tax rate. There are three types of properties in Singapore with different imposed tax rates.

Tax in Singapore is one of the main reasons why so many foreign individuals and businesses come and invest into the city-state.

There are many ways to legally reduce income tax in Singapore for both individual taxpayers as well as business entities. Learn more with BBCIncorp.

Before dissolving your business, you must learn how to wind it up properly. Let’s dive into the process of winding up a company in Singapore now!

Shares of a private limited company in Singapore may be freely transferable. However, the transfer of shares is constrained and must follow a procedure.

Dividend declaration is a must before the distribution. Any person violating Dividend Declaration Rules in Singapore is guilty of a criminal offense.

Financial Year End (FYE) can greatly affect taxation of businesses in Singapore. Learn what should be considered when determining FYE and how to change it.

You can receive a part of wage increases given to local employees under the Singapore Wage Credit Scheme. Find out how much you can claim and how it works.

Let’s learn about the Employment Act, what duties an employer should take note and ultimately what can be done to have a good hiring practice in Singapore.

Tax incentives in Singapore may bring you lower rates or even tax exemption. Different industries have different incentives to be offered. Find out here some of the most common ones.

There are many different grants that cover many stages of development of a tech startup in Singapore, from POC and POV to growing capital and going overseas.

The scope of withholding tax in Singapore is somewhat more limited than that of other jurisdictions: only Singapore-sourced income of a non-resident is levied.

The Singapore corporate tax rate is 17%, applied to both local and foreign companies. But local companies can apply for many schemes to lower their payable tax.

All companies in Singapore are subject to audit requirements. However, if your company is a small one, it can be eligible for an audit exemption in Singapore.

XBRL is a framework for filing records. In Singapore, XBRL has become a standard means of reporting with an aim to streamline communication between parties.

Personal income tax in Singapore for foreigners based on residency status. Tax residents and non-tax residents are taxed at different rates.

Annual filing requirements for companies in Singapore are filing reports to ACRA and IRAS. Still, exemptions can be claimed under some conditions.

The accounting standards of Singapore are seamlessly aligned with IFRS, making it the official, compulsory accounting guideline that companies must adhere to.

Discover insights on GST in Singapore, including its rates, how it affects businesses, registration requirements, and compliance tips. Explore now!