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The following legislative changes to the Companies Act take effect on 31 Aug 2018 for companies with Financial Year End (FYE) ending on or after 31 Aug 2018:

  • Alignment of timelines for holding AGM and filing Annual Return with the FYE of companies
  • Exemption for private companies from holding AGMs subject to specified safeguards

Please click HERE for more information.

Commencement Notification & Subsidiary Legislation

Companies (Amendment) Act 2017 (Commencement) Notification 2018 and related Subsidiary Legislation can be accessed HERE.

Source: ACRA

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IRAS would like to alert the public that a scam email titled "Inland Revenue Authority of Singapore-Refund-Online-Confirmation" has been circulating. The email carries a message that the recipients are eligible to receive a tax refund and that they are to click on the link provided in the email to download and fill out the tax refund form.

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Employers are reminded to make CPF contributions for employees by 15 Jan 2018 to receive Wage Credit Scheme payouts

Employers of eligible Singaporean employees are reminded to make the full CPF contributions for these employees by 15 January 2018 in order to receive the fifth tranche of Wage Credit Scheme (WCS) payouts in March 2018.

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ACRA's service counter is moving to Revenue House from 3 Sep 2018. Co-locating with the service counters of IRAS, SME Centre and CorpPass, customers can look forward to a more integrated service experience with access to wide ranging services from business registration, taxation, CorpPass to business advisory assistance. Find out more at www.acra.gov.sg/colocation.

Source: ACRA

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From 1 April 2016, all employers must issue itemised pay slips to employees (regardless of nationality) who is under a contract of service, except:
●  Managers and executives who earn basic monthly salary of more than $4,500.
●  Seafarers
●  Domestic workers
●  Statutory board and government employees