This guide has been prepared for the assistance of those interested in doing business in Singapore. It offers a brief description of Singapore economy and provides insights and general information about setting up a business and investing in Singapore.
This document provide and introduction of our firm and our service offerings and capabilities.
Deputy Prime Minister and Minister for Finance Mr Tharman Shanmugaratnam delivered the Budget Statement for the Financial Year 2014 in Parliament on 21 February 2014.
The Minister said Budget 2014 will reinforce the new directions in our economic and social strategies we have embarked on in recent years. Firstly, we are going for quality growth based on innovation and greater capability and secondly, we are building a fair and equitable society where everyone has opportunities to realise their aspirations.
The Government will provide incentives and assistance to support initiatives and efforts in business transformation and upgrading.
The support for companies will be along five thrusts:
(i) Extend and deepen support for businesses to invest in productivity, innovation and skills so that they can sustain and step up their restructuring efforts.
(ii) Give a stronger and more specific push to the piloting and scaling up of Infocomm Technologies based (“ICT”) solutions that can help to transform whole sectors.
(iii) Catalyse investments in growth enterprises, to facilitate their growth and expansion.
(iv) Support companies in their efforts to internationalise and grow their brand in the global market.
(v) Put in place a series of measures to help the construction sector meet the challenge of raising construction productivity.
The Government will also be driving important initiatives to help lower-income families aspire for themselves, and enable every citizen to contribute to a better society.
The pioneer generation, consisting of about 450,000 individuals who were born on or before 31 December 1949, is specially recognised through a Pioneer Generation Package that will assure them of affordable healthcare regardless of future economic conditions.
We now summarise below some of the new initiatives and tax changes unveiled in the Budget Statement.
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This document outlines the similarities and the differences between the IFRS and US GAAP.
The following information is provided by UHY Member Firms regarding changes in tax rules for 2012 in their country, including those potentially impacting cross-border investors.
Deputy Prime Minister and Minister for Finance Mr Tharman Shanmugaratnam delivered the Budget Statement for the Financial Year 2015 in Parliament on 23 February 2015.
The Budget builds on the transformation of Singapore in its first 50 years as an independent country, to give Singaporeans greater assurance at each stage of life, more opportunities, and a better home for all. It is a Budget focused on building Singapore’s future, with firms driven by innovation, higher income through skills and expertise in every job, and a society that is fair and inclusive.
We now summarise below some of the new initiatives and tax changes unveiled in the Budget Statement.B