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PwC Singapore calls for tax incentives on Covid-19 business spend in Budget 2021

Ace Global
December 30, 2021

PwC Singapore has suggested that the tax rules should be adjusted in the next national Budget to cover pandemic-related spending and business needs.

Singapore – UK sign Free Trade Agreement (FTA) to work towards a digital economy agreement

Ace Global
December 30, 2021

On Thursday (10 December 2020), Singapore and the UK have signed the UK-Singapore Free Trade Agreement (FTA). According to the Ministry of Trade and Industry (MTI), Singapore and UK companies will enjoy the same benefits from the EU – Singapore FTA (EUSFTA).

5G and government support boost renewable use for data centres

Ace Global
December 30, 2021

Athough it is not optimistic for data centre operators in Singapore to have solar and wind as their primary energy source by 2025, the new government support for green energy and the introduction of 5G network will offer opportunities for the renewable energy sector in the Singapore.

Legal challenges posed by the Covid-19 fallout and how the Small and Medium Enterprises (SMEs) should respond

Ace Global
December 30, 2021

COVID-19’s unprecedented and widespread disruptions to business operations have thrown many Small and Medium Enterprises (SMEs) into financial crisis.

New eligibility criteria for COVID-19 Support Grant from Oct 1

Ace Global
December 30, 2021

The Ministry of Social and Family Development (MSF) announced that the new eligibility criteria have been applied from 1 Oct 2020.

Pandemic drives Singapore banks to accelerate digital offerings

Ace Global
December 29, 2021

Despite Singapore’s relatively stable economic and political environment, Singapore banks still have to navigate their operation through economic disruptions and changing demands in the COVID-19 pandemic.

ACRA IRAS Seamless Filing Initiative

Ace Global
December 29, 2021

In consideration of helping SMEs stay relevant and competitive, the Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS) have collaborated accounting software providers to co-create a new digital solution that allows SMEs to automate the preparation and filing of statutory Filings with ACRA and IRAS seamlessly.

ACRA’s Support Measures and Guidance during COVID-19

Ace Global
December 29, 2021

In April 2020, ACRA had granted a 60-day extension of time (EOT) for all listed and non-listed companies whose AGMs are due from 16 April to 31 July 2020, and AR filings due from 1 May to 31 August 2020.

Public Consultation on Proposed Amendments to the Companies Act

Ace Global
December 29, 2021

The Accounting and Corporate Regulatory Authority (ACRA) is currently collecting public feedback on the proposed amendments to the Companies Act (CA) from 17 July 2020 to 17 August 2020