Spring-Clean Your Corporate Tax Matters
TAKEAWAYS As the Lunar New Year celebrations light up the season, it is the perfect time to embrace the spirit of renewal – not just for your home, but for your corporate tax matters as well. This season, let’s declutter your corporate tax affairs, sweep away any compliance gaps, and usher in key tax changes […]
Stablecoins 101 (Part 1)
TAKEAWAYS Stablecoins are the lifeblood of the crypto ecosystem. They enable the crypto world to function, such as for the transfer of assets, collateralisation, market making and payments. Stablecoins are a key innovation in cryptocurrency, combining the stability of fiat currencies with the advantages of digital assets. This article, presented in two parts, examines their […]
TECHNICAL HIGHLIGHTS
FINANCIAL REPORTING Pillar Two Legislation: Multinational Enterprise (Minimum Tax) Act And Its Accounting Implications As announced in Singapore Budget 2024, the Multinational Enterprise (Minimum Tax) Act and its subsidiary legislation, Multinational Enterprise (Minimum Tax) Regulations 2024 (“Pillar Two legislation”), are effective for financial years starting on or after 1 January 2025. Both tax legislations are […]
Singapore 2025 And SG60
TAKEAWAYS As Singapore enters 2025, it does so at a pivotal moment, balancing external challenges and internal milestones. The global economy faces uncertainties spanning US economic policies under President Trump’s second term, China’s evolving trajectory, geopolitical tensions, and a potential resurgence of inflation that could disrupt monetary easing plans. Domestically, Singapore celebrates SG60, marking six […]
Leadership Team Alignment
TAKEAWAYS Leadership teams play an important role in creating value for companies and even for their very survival. Yet leaders often report poor satisfaction in terms of the way these teams function. Why is that so? The composition of these teams offers some clues. As described in the book Leadership Team Alignment: From Conflict to […]
DNA Of The Modern CFO
A recent report from recruitment firm Hays shines the spotlight on the evolving role of the Chief Financial Officer (CFO) in the region. With input from more than 150 CFOs in Southeast Asia and six in-depth interviews with industry leaders, the report was launched in December 2024. In addition to the findings and analyses, the […]
Top 10 Countries To Relocate For Work
The global job market is becoming increasingly interconnected, and opportunities can be found in diverse locations beyond the local borders. Which countries are popular with professionals seeking overseas experiences? Which countries have vacancies for foreign hires? Based on the surveys and rankings in 2023 and 2024, the same countries tend to be featured on the […]
Key Tax Changes In 2025
TAKEAWAYS As a small and open economy, Singapore maintains its competitive edge by implementing tax policies that align with international developments while addressing local priorities. Entering the new year, we review several key tax updates in Singapore that take effect in 2025. (1) DOMESTIC TOP-UP TAX AND MULTINATIONAL ENTERPRISE TOP-UP TAX Under Pillar Two of […]
Joining A Charity Board
TAKEAWAYS Charities are an important component of a society. In fact, they are so important that the United Nations has proclaimed September 5 each year as the International Day of Charity. Charities help to support vulnerable groups and can foster greater cohesion among different groups of people to contribute to social good. Charities in Singapore […]
Sending Reports Via Email With VBA
TAKEAWAYS VBA (Visual Basic for Applications) is a programming language and environment embedded within most Microsoft Office products, including Excel and Outlook. This means VBA can automate more than just tasks within a workbook; it can also integrate with other applications, such as Outlook, to streamline processes like sending emails. For accountants who need to […]