Central Provident Fund or CPF is the Singapore government’s social security savings scheme funded by the employer and the employee.
Singapore assigns each taxpayer a unique TIN to monitor tax compliance and ensure accurate record-keeping. TIN formats differ according to your organisation type and residential status. The number is essential for financial transactions, including tax filings, opening bank accounts, CPF contributions, re...
What Is a Ministry of Manpower? The Ministry of Manpower (MOM) in Singapore is a government agency responsible for formulating and implementing labour policies to ensure a balanced, inclusive, and fair work environment in the country. It manages employment standards, workplace safety, and the we...
In Singapore today, manual workers are covered regardless of salary. With the changes proposed under this Bill, non-manual workers receiving a salary of up to $2600 will also be covered in stages up from $1600 as is currently the case. The case of R Sir, this tabling of the public ...
Starting-up in Singapore: Come for the low taxes; leave because of the high rental. This will get the landlords smiling. The government wants to “catalyse investment into deep-tech startups”, which translates to pumping $300 million into the industry; the aim is to give them better ...
Purchase unit trusts with cash, CPFIS or SRS Invest online About Unit Trusts What is a Unit Trust? A unit trust, also commonly referred to as a mutual fund, is composed of a pool of monies from a group of investors, managed by a fund manager who then invests it in a variety of fin...
(CIT) rebate, capped at SG$40,000 for 2024, to help reduce business costs. As for companies that are not profitable, and have at least one local employee (excluding shareholder who is the director and where CPF contribution has been made in 2023) will receive $2,000 CIT cash grant by...
Did you know that the Central Provident Fund (CPF) is Singapore's mandatory social security savings scheme? Learn all the essentials now! Management · 12 Mar 2025 · 1 min read Business Tips Follow Business Tips (A new modal window will be opened) Contact Business Tips (A new window wil...
Not sure where to begin? Get in touch and speak to our financial advisors; they can help you maximise your savings potential. This article is brought to you by Standard Chartered Bank (Singapore) Limited. All information provided is for informational purposes only...
The TIN is also used for a range of government transactions, such as remitting Central Provident Fund (CPF) payments. Bank accounts Whenopening a bank account in Singapore, necessary documents include NRIC or government-issued tax documents displaying income tax filings, which inherently contain the...