Singapore has delayed the increase of the goods and sales tax (GST) for 2021 and has extended GST rules to include low-value goods imported via air or post.
High manpower costs compared to partnerships, as a qualified auditor, bookkeeper, and company secretary must be hired. High administrative burden due to ongoing compliance. The company must file annual tax, GST and compliance returns. How to set up a company in Singapore: A step-by-step guid...
Every business using ERP business software is required to prepare and submit IAF to IRAS in order for them to conduct an audit on their GST Report and GST Form 5 Report. The purpose we implemented the Audit File Report in the system is to make sure that the data filled in the tax repor...