The tax clearance obligation for employees In the event of a termination of an employment contract with a non-Singapore Citizen employee, the employer must proceed to a tax clearance by filling the Form IR21 one month before: The employee ceases to work for you in Singapore; The employee starts an overseas posting; or The employee leaves Singapore for any period exceeding three months. In
Don’t miss any business deadline in 2021 in Vietnam with our Deadlines Calendar 2021 ! Payment, taxes, business reports, lodgements, public holidays… RBA is happy to offer your this useful document. You can also download it here : RBA Vietnam – Deadlines calendar.
The Company Secretary is the vital officer in the internal governance and running business of the company. Responsible for ensuring the legal compliance of the company with the Singapore authorities and the law, the Secretary also operates as a key advisor between directors and shareholders as well as ensure the interest of the company. Singapore law requires every company to appoint one or more
The EVFTA, most commonly known as the European Union Vietnam Free Trade Agreement has come into force the 1st of August 2020 in Vietnam. The main objective is to abolish most of custom duties within 10 years. This ambitious partnership has already borne fruit since roughly 70% of the custom duties have been mutually eliminated since last summer. As for the COVID-19 pandemic, it
Member of the ASEAN since 1967, Singapore maintains an optimal position within South-East Asia to attract foreign investments. Its entire English legislation makes it very accessible for everyone. Moreover, Singapore offers a secure and stable economic environment which suits perfectly any company project. With low corporate tax and many other conveniences, the Private Company Limited by Shares is the go-to entity form. Necessary requirements
Singapore’s Minister for Finance, Mr. Heng Swee Keat, has recently delivered a speech about the future 2021 Budget to the Parliament. Here is a summary. The year 2020 was extremely concerning for Singapore evidently due to the COVID-19 outbreak. Although this sanitary crisis received strong awareness from the government (100S$ billion budget plan), the country has faced the biggest deficit in its history since