Search results
Results from the WOW.Com Content Network
ACRA is the regulator of business registration, financial reporting, public accountants and corporate service providers. ACRA is also responsible for developing the accountancy sector and setting the accounting standards for companies, charities co-operative societies, and societies in Singapore.
Companies are taxed at a flat rate of 17% of their chargeable income. This applies to both local and foreign companies. [4] Foreign-sourced dividends, foreign branch profits and foreign-sourced service income remitted into Singapore on or after 1 June 2003 by a Singapore resident company will be tax exempt if: [5]
Location of Singapore Singapore is a sovereign island country in maritime Southeast Asia. A global city, it has a highly developed market economy, based historically on extended entrepôt trade and more recently as a financial hub as well. Its economy is known as the most freest, most innovative, most competitive, most dynamic and most business-friendly in the world by various multinational ...
It was developed by the Interdepartmental Committee on Industrial Statistics, established by the Central Statistical Board [8] who developed the List of Industries for manufacturing, published in 1938, and the 1939 List of Industries for non-manufacturing industries, which became the first Standard Industrial Classification for the United ...
Some businesses qualify for tax-exempt status at the federal level. — Getty Images/pcess609 For most entrepreneurs, taxes are a regular part of running a business.
Singapore Standards are nationally recognized documents, established by consensus. They are functional or technical requirements in the form of specifications for materials, product system or process, codes of practice, methods of test, terminologies and guides.
Goods and Services Tax (GST) in Singapore is a value added tax (VAT) of 9% levied on import of goods, as well as most supplies of goods and services. Exemptions are given for the sales and leases of residential properties, importation and local supply of investment precious metals and most financial services. [1]
Equatorial Space Systems PTE LTD. also known as Equatorial Space, is a Singapore-based company that develops hybrid-engine rockets and space launch services. The company was founded by Simon Gwozdz and Praveen Ganapathi Perumal in 2017 in Singapore, with the goal to develop low-cost, safe and eco-friendly space launch vehicles.