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GST on imported low-value goods and B2C non-digital services

June 16, 2023

From 1st January 2023, by performing either the Overseas Vendor Registration (OVR) regime or the reverse charge regime, GST can also be applied to imported low-value goods and B2C non-digital services. Imports of low-value goods and B2C non-digital services that straddle 1st January 2023 will need to comply with special transitional rules. Please see the […]

Companies bussiness trusts and other bodies bill

Beginning on 1st July 2023, new sections on the Companies, Business Trusts, and Other Bodies (Miscellaneous Amendments) Bill added to the Companies Act 1967

June 30, 2023

16 June 2023 On 9 May 2023, Parliament approved the Companies, Business Trusts and Other Bodies (Miscellaneous Amendments) Bill as part of the Ministry of Finance’s (MOF) and ACRA’s ongoing review of the Companies Act 1967 (CA). New sections on enabling the holding of virtual and hybrid meetings for companies, business trusts, variable capital companies […]

Financial Transparency Corridor was established by the National Bank of Cambodia and the Monetary Authority of Singapore to help SMEs

July 14, 2023

On 11th July 2023, a Memorandum of Understanding (MoU) was signed between the National Bank of Cambodia (NBC) and the Monetary Authority of Singapore (MAS) to collaborate on a Financial Transparency Corridor (FTC) initiative. Through this initiative, small and medium-sized businesses (SMEs) in Singapore and Cambodia will be benefited with enhanced cross-border financial services between […]

MAS and SFA invite nominations for 2023 Singapore Fintech Festival Global Fintech Awards

July 28, 2023

Singapore, 11 July 2023… The Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA) announced today the opening of nominations for the 2023 Singapore FinTech Festival (SFF) Global FinTech Awards (the Awards). The Awards, sponsored by PwC Singapore and now in their eighth year, recognize corporates [1] and individuals who have created […]

Enroll for the SID Directors Conference 2023

August 11, 2023

Date: 20 Sep 2023 Venue: Esplanade Immerse in the realm of governance evolution at the distinguished event, the SID Directors Conference 2023 – “Navigating an Unscripted World: Conform, Perform, Transform.” Marking its 25th anniversary, this edition of the conference adopts a festive ambiance, melding impactful keynote addresses, illuminating panel dialogues, engaging hands-on workshops, and supplementary […]

Enroll for the IVAS-IVSC Business Valuation Conference scheduled for 3rd October to 4th October

August 25, 2023

IVAS, established as part of ACRA, is hosting the IVAS-IVSC Business Valuation Conference in 2023 Date: 3-4 Oct 2023 Time: 9am-5pm (3 Oct) / 12pm – 5.30pm (4 Oct) Venue: Raffles City Convention Centre (3 Oct) / Online (4 Oct) The dynamic global business landscape experiences continuous transformation, driven by geopolitical tensions, transformative technologies, and […]

Enroll in the ACCA Technical Symposium 2023 (September 21, 2023)

September 08, 2023

ACRA is delighted to serve as the Supporting Partner for the Technical Symposium hosted by The Association of Chartered Certified Accountants (ACCA). Date: 21 September 2023 Time: 9am-5pm CPD: 7 CPD Hours Format: Virtual Accountants play a pivotal role in guiding businesses through intricate regulatory frameworks and standards. They bear the responsibility of keeping […]

IRAS Annual Report for the Financial Year 2022/23

September 22, 2023

Singapore’s economic and social progress is bolstered by the collection of $68.6 billion in tax revenue. An allocation of $4.6 billion in enterprise grants has been distributed to bolster support for businesses and their workforce. A significant number of taxpayers have transitioned to self-sufficiency in tax filing, thanks to the introduction of the AI-powered IRAS […]

Bis and central bank collaborate on cross-border regulatory complaince protocols

BIS and Central Banks Collaborate on Cross-Border Regulatory Compliance Protocols

October 06, 2023

Project Mandala aims to streamline compliance procedures, enable real-time transaction monitoring, and enhance transparency and visibility regarding country-specific policies. The project investigates the viability of encoding policy and regulatory prerequisites into a standardized protocol. This collaborative initiative involves the BIS Innovation Hub (BISIH) Singapore Centre, the Reserve Bank of Australia (RBA), the Bank of […]