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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

Benefits of setting up a Variable Capital Company (VCC)

Ace Global
December 29, 2021

The Variable Capital Company (VCC) is Singapore’s newest and legal means for investment funds constituted under the Variable Capital Companies Act which took effect on 14 Jan 2020.

Implementation of revised XBRL Filing Requirement

Ace Global
December 29, 2021

Recently introduced on ACRA’s website, ACRA has issued Practice Direction No. 2 of 2020 to support businesses on the revised requirements and data elements for the filing of financial statements in eXtensible Business Reporting Language (XBRL) format in their continual efforts to streamline filing requirements.

Solidarity Budget 2020

Ace Global
December 29, 2021

On Mon, 6 April 2020, Mr. Swee Keat – Deputy Prime Minister and Finance Minister had a presentation about Singapore’s Solidarity Budget in Parliament.

Where businesses established in Singapore should rent offices ?

Ace Global
December 29, 2021

After registering a business in Singapore, choosing a location to set up corporate offices is still the concern of every business in Singapore.

Guide to deal with changes in doing business – During and after Covid-19

Ace Global
December 29, 2021

Because of the rapid rise in COVID-19 cases worldwide, countries have adopted lockdown policies that limit outward travel, promote social isolation, and facilitate residence-at-home and self-quarantine steps.