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Preparing for Pillar Two: Navigating Singapore’s New Global Tax Rules with Expert Support from ForBis
Preparing for Pillar Two: Navigating Singapore’s New Global Tax Rules with Expert Support from ForBisSingapore is moving forward with the implementation of Pillar Two top-up taxes, starting in financial years from January 1, 2025. This move aligns with global tax reforms led by the OECD and G20,...
Indonesia Cuts 2025 GDP Growth Forecast, Maintains Budget Gap Strategy
Indonesia Cuts 2025 GDP Growth Forecast, Maintains Budget Gap StrategyIndonesia's Finance Minister Sri Mulyani Indrawati announced in parliament on Monday that the country has revised its 2025 GDP growth forecast to 5.1% to 5.5%, down from the previous estimate of 5.3% to 5.6%. This new growth...
Singapore Implements Stricter Penalties for Corporate Service Providers Violating Anti-Money Laundering Regulations
Singapore Implements Stricter Penalties for Corporate Service Providers Violating Anti-Money Laundering RegulationsSingapore passed a new law on Tuesday, Jul 2, significantly increasing penalties for corporate service providers that breach anti-money laundering duties. The Accounting and Corporate...
Family Offices: ESG-Investing Awareness & Reporting
Family Offices: ESG-Investing Awareness & Reporting In recent years, the topic of Environmental, Social, and Governance (ESG) issues in Singapore have shifted to something that was once niche to a trend that can be seen across modern investment portfolios. The whooping number on the so-called...
To be a Sole Proprietor or Incorporate a Private Limited Company in Singapore: Which is the best option?
To be a Sole Proprietor or Incorporate a Private Limited Company in Singapore: Which is the best option? Starting a business can be an intimidating process. You need to come up with a business strategy, solicit customers and manage short- and long-term finances. Plus, sorting through the...
Why Should You Incorporate a Company in Singapore?
Why Should You Incorporate a Company in Singapore? Singapore is world-renowned as a leading hub for economic activities. It is often regarded as a gateway for businesses that want to prime themselves for further expansion into other ASEAN cities. Its politically stable environment, flexible...