133 New Bridge Road, Chinatown Point #10-03 Singapore 059413
+65 9061 2851 (Whatsapp) 24 Hrs
+65 6996 4359 (Office)
contact@aceglobalaccountants.com

News

Singapore announces massive tax reforms to support government expenditure.

February 22, 2022

Singapore proposed a series of progressive tax reforms on Friday (February 18) to raise income to support extensive programs needed over the next several years and tackle socioeconomic disparities. In response to concerns about rising costs, the increase in the goods and services tax (GST) to cover the recurrent social and healthcare demands of a […]

Singapore and the United Kingdom have signed memorandums of understanding (MOUs) on digital trade, identities, and cybersecurity.

Ace Global
December 30, 2021

Singapore and the United Kingdom will collaborate more closely to enable digital trade between the two nations as part of a collaboration that will make commercial digital transactions easier, safer, and less expensive.

Singapore’s corporate leaders are on the same wavelength as their ‘born digital’ staff.

Ace Global
December 30, 2021

Compared to their worldwide counterparts, more Singapore corporate executives favor flexible work, placing them on the same page as “born digital” employees who prefer such flexibility.

IRAS has introduced two new digital efforts to help you meet the December 15 corporate tax filing deadline.

Ace Global
December 30, 2021

Small and medium-sized businesses can now submit returns to both IRAS and ACRA in one go using an upgraded accounting solution or use a streamlined income tax return — Form C-S (Lite)— to speed up tax filing.

Euromoney has rated UOB as the world’s top bank for SMEs.

Ace Global
December 30, 2021

UOB has a reputation for being one of the top banks in the world when it comes to financing small and medium-sized businesses (SMEs).

MAS plans to launch a platform mandating information exchange across banks in 2023

Ace Global
December 30, 2021

The Republic’s central bank is creating a digital platform that will compel financial institutions to securely exchange information on questionable clients or transactions in order to cleanse fraudsters who are transferring filthy money via Singapore’s financial institutions.

New disclosure standards for Singapore retail ESG funds are set to be implemented in early 2022.

Ace Global
December 30, 2021

Early next year, the Monetary Authority of Singapore (MAS) will lay out its regulatory expectations on the disclosure criteria that retail funds in Singapore with an ESG (environmental, social, and governance) investing goal must achieve, according to its managing director Ravi Menon.

Global tax reforms will not harm Singapore’s competitiveness

Ace Global
December 30, 2021

Singapore is confident that global tax reforms will not hurt its competitiveness given the “strong value propositions” it has built up over the years, said Beh Swan Gin, chairman of the Singapore Economic Development Board (EDB).

Singapore’s fintech industry witnesses a 3-year record of 72 deals worth US$614.2 million in the first half of 2021

Ace Global
December 30, 2021

The fintech industry in Singapore saw a three-year high in transactions in the first half of this year as companies accelerated their digital transformation.