Singapore: Least Corrupt Nation In Asia Pacific
Not only is Singapore a renowned global business centre and financial hub, it is also clean in the different ways that count, such as being ranked the least corrupt country in Asia Pacific, in Transparency International’s 2024 Corruption Perceptions Index (CPI) report. This is the first time in 14 years that the city-state has come […]
ISCA Breakfast Talk: “The CFO Playbook 2025”
As the role of the CFO evolves beyond traditional financial management, success will belong to those who can navigate today’s complex business environment while driving innovation and maintaining financial discipline. At the ISCA Breakfast Talk on February 11, titled “The CFO Playbook 2025: Navigating the Future of Finance”, Alex Ramambason, Senior Director, Lancia Consult, highlighted […]
Best Cities In Asia Pacific
Which are the best cities in the region in which to live, work and play? The jury is out and, according to the inaugural Asia-Pacific’s Best Cities report, Singapore tops the list, followed by Tokyo, Japan; Seoul, South Korea; Hong Kong; and Beijing, China, rounding off the first five. The report was launched in Singapore […]
Get The Most Out Of A Diverse Board
TAKEAWAYS Whether it’s providing essential oversight or representing stakeholder interests, a firm’s board of directors wields significant power in determining how an organisation is governed. Boards are generally seen as detached from the daily operations or research activities of a firm. However, in recent years, many boards have become more involved in a company’s technology […]
Gains Or Losses From Sale Of Foreign Assets (Part 2)
In this Part 2 of the article, we continue the discussion from Part 1, which covers the scope of foreign-sourced disposal gains tax regime, covered entities, and economic substance requirement (ESR). OUTSOURCING OF ECONOMIC ACTIVITIES The ESR takes into account outsourcing arrangements where an entity outsources some or all of its economic activities to third […]
Is Singapore Ready For Disruptions?
Singapore is marking its 60 years of independence this year with a series of activities. Most recently, from February 15 to 28, was Exercise SG Ready 2025, a signature event of SG60. The exercise invited Singaporeans to reflect on the crises and disruptions that we have gone through in the last six decades, and encouraged […]
Gains Or Losses From Sale Of Foreign Assets (Part 1)
TAKEAWAYS Singapore does not have a capital gains tax regime. Gains from the sale of all assets that are capital in nature, whether local or foreign sourced, will not be subject to Singapore income tax, whether or not they are accrued or received in Singapore. Whether a gain from the sale of an asset is […]
Is Excel The Right Tool?
TAKEAWAYS Excel, or spreadsheets in general, is the go-to tool for accountants due to its unmatched flexibility and cost-effectiveness. Its adaptability enables it to handle diverse tasks such as financial modelling, data analysis, reporting, and automation. As a low-cost tool bundled with Microsoft Office subscriptions, Excel provides a versatile solution that can often replace the […]
Is Communication Necessary For Tax Filing?
TAKEAWAYS With the Chinese New Year festivities behind us, we are now approaching the personal tax filing season for the year of assessment (YA) 2025 for individual taxpayers in Singapore. Depending on the mode of filing, individual taxpayers are required to file their personal tax returns by April 15 or 18. Failing which, adverse consequences, […]
Budget 2025: Reactions And Responses
Prime Minister and Minister for Finance Lawrence Wong delivered Singapore’s FY2025 Budget Statement: Onward Together for a Better Future Tomorrow, in Parliament on February 18. Here, we hear from various ISCA members, from across industries, as they share their thoughts on the latest announcements. BENNY E. CHWEE, FCA (Singapore), Deputy Head (Master of Management Programme) […]