ASEAN Briefing News

New Due Diligence Requirements for Corporate Finance Advisers in Singapore

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Corporate finance advisers in Singapore must implement new due diligence requirements by October 1, 2023.

Singapore Budget 2023: Support for Individuals & Households

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Singapore’s Budget for 2023 aims to tackle some of the short and long-term challenges facing Singaporean individuals and households.

New Stricter Requirements for Singapore’s Global Investor Program

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Singapore has increased the investment requirements for foreign investors to join the Global Investor Program.

Singapore Budget 2023: Impact for Employees

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Singapore’s 2023 budget provides an array of support for local employees. This includes co-funding worker wages and encouraging the reskilling of employees.

Singapore Budget 2023: Impact for Businesses

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Singapore Budget 2023 issues support for businesses as they transition to a post-COVID-19 world and combat elevated inflation and growth slowdown.

Singapore and the UK Deepen Cooperation on Fintech and Sustainable Finance

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Singapore and the United Kingdom have agreed to deepen bilateral cooperation on fintech and sustainable finance.

A Guide to Taxation in Singapore

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Singapore adopts a territorial basis of taxation and so businesses are taxed only on Singapore-sourced income.

Singapore Implements New Scheme to Help Businesses Hire Foreign Workers

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Singapore’s M-SEP scheme enables companies to hire foreign S Pass and Work Permit holders above the permitted prevailing quotas.

Singapore and South Korea Sign Digital Trade Agreement

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Singapore signed a digital trade agreement with South Korea in November 2022 under the Korea-Singapore Digital Partnership Agreement (KSDPA).

Singapore Goods and Sales Tax Will Increase by 1% from January 2023

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Singapore will increase its goods and sales tax (GST) as planned from January 1, 2023, from seven to eight percent.

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