Knowledge base

Obtaining an EPass and EntrePass in Singapore

EMPLOYMENT PASS The Ministry of Manpower (MOM) requires foreign highly skilled professionals, Managers, Executives, specialists or entrepreneurs who wish to work in Singapore need an Employment Pass to commence employment. To be considered for an Employment Pass, you must have a fixed monthly salary…


GST Registration in Singapore

Dear Sir, We have received a letter from IRAS dated xx month xxxx asking your company to register for GST as your turnover has crossed the S$1million mark. What is GST? Goods and Services Tax is a tax on the supply of goods and services made in Singapore by a taxable person in the course or furtherance…


The Singapore budget 2014

For all businesses: This year’s budget did not emphasise on significant tax changes. The government wants to restructure the Singapore economy to achieve quality growth. Businesses that make investments in productivity to save manpower or achieve innovative breakthroughs will be actively supported by…


Estimated Chargeable Income (ECI)

What is ECI? ECI means Estimated Chargeable Income. It is an estimate of a Singapore company’s chargeable income for the given Year of Assessment (YA). The amount of ECI declared is based on the amount before the deduction of any exempt amounts under the partial tax exemption or tax exemption schemes…