3E Accounting Pte. Ltd. - ONE STOP SOLUTION FOR YOUR BUSINESS
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Welcome To Our Latest Newsletter

Dear Valued Clients,

   Welcome to our E-Newsletter December 2016

   Merry Christmas and Happy Holiday!

   We are glad to present you our newsletter for December. What’s new and exciting this month?

   Ready to Support
   In this issue of newsletter, we are glad to share with you that we are now one step further into our expansion quest by welcoming our new network member firm, Link-Pro CPA Limited who will represents us in the Hong Kong market.

   Another exciting news to share with you is that we are now able to help our client for crowdfunding services through the support from our new business associates. In brief, Crowdfunding is a way of raising finance by asking a large number of people each for a small amount of money. While some have argued that FinTech may or may not have been born alongside with it. Financial Technology, or also known as FinTech, is a line of business based on using software to provide financial services. More FinTech services are on your way!

   Office Closure on 26 December 2016 to 27 December 2016
   We would like to inform that our office will be closed on 26 December 2016 (Monday) to 27 December 2016 (Tuesday) for a holiday replacement of Christmas. Please be informed that our partner, directors and staff will have no access to the emails on the said dates and all emails will be attended once we resume operations on the next working day.

   Remember to call us if you require any assistance.

   Otherwise, stay tune for any new update and interesting news from us.

Thank you.

Lawrence Chai
Lawrence Chai
Managing Director



Latest News

  Mandatory retrenchment notifications from 1 January 2017
Mandatory retrenchment notifications from 1 January 2017 A new requirement on mandatory retrenchment notifications will take effect from 1 January 2017. The tripartite partners have issued an advisory to guide employers on complying with this requirement. Under the Workforce Singapore Agency Act, employers will need to notify the Ministry of Manpower (MOM) of retrenchments within… Read More


 
  Singapore-Laos Avoidance of Double Taxation Agreement Enter Into Force
Singapore-Laos Avoidance of Double Taxation Agreement Enter Into Force The new Singapore-Laos People’s Democratic Republic Avoidance of Double Taxation Agreement (DTA) entered into force on 11 November 2016. The DTA provides clarity on tax matters and eliminates double taxation relating to cross-border transactions between the two countries. The full text of the DTA is available… Read More


 
  Transfer Pricing Administration
Transfer Pricing Administration From Year of Assessment (YA) 2018, taxpayers must report certain details of related party transactions (RPT) if the value of RPT in the audited accounts for the financial year exceeds $15,000,000. The Form for Reporting Related Party Transactions should be submitted together with the submission of Form C. The RPT data will… Read More


 
  Conditions of Employment 2016
Conditions of Employment 2016 Greater adoption of work-life initiatives by employers More employers are providing ad-hoc flexible work arrangements and leave benefits to help employees cope with personal and family commitments.  Firms that implement work-life initiatives tend to have lower employee turnover. These are the key findings from the “Conditions of Employment 2016” report released… Read More


 
  Changes in SSIC code for Business Activity for some Business Entities
Changes in SSIC code for Business Activity for some Business Entities Due to changes in the Singapore Standard Industrial Classification (SSIC) issued by the Department of Statistics, the SSIC code for the business activity of some business entities will change. SSIC 2015 incorporates recent changes in economic activities to better reflect the current structure of… Read More


 
  Managing Director Charged For Collecting Over $105,000 In Kickbacks
Managing Director Charged For Collecting Over $105,000 In Kickbacks On 11 October 2016, the Ministry of Manpower (MOM) charged Ng Boon Cheng (Ng), the Managing Director of Lian Lee Wooden Case Maker Co Pte Ltd, with 20 counts of collecting kickbacks amounting to $105,235 from 20 of his foreign workers, as a condition for their… Read More


 
  ACRA issued second report on key findings from reviews of listed companies’ financial statements
ACRA issued second report on key findings from reviews of listed companies’ financial statements Companies are responding positively to measures taken to improve quality financial reporting instituted by ACRA’s Financial Reporting Surveillance Programme (FRSP). In the second annual FRSP report issued, it was observed that companies took quick action to rectify financial reporting gaps highlighted… Read More


 
  Singapore and the United Kingdom Sign Agreement for Automatic Exchange of Financial Account Information
Singapore and the United Kingdom Sign Agreement for Automatic Exchange of Financial Account Information The Inland Revenue Authority of Singapore (“IRAS”) and Her Majesty’s Revenue and Customs (“HMRC”) signed a Competent Authority Agreement (“Agreement”) on the automatic exchange of financial account information (“AEOI”) based on the Common Reporting Standard (“CRS”) on 16 September 2016. The… Read More


 
  Singapore Corporate Access (CorpPass)
Singapore Corporate Access (CorpPass) Singapore Corporate Access or CorpPass is a single corporate digital identity for business users to conduct Government-2-Businesses (G2B) transactions. CorpPass will be progressively rolled out from Sep 2016 to Dec 2017, with more digital services added in each phase. It will replace SingPass/EASY and agency-issued login IDs for businesses to transact… Read More


 

3E Accounting




We are an independent member of 3E Accounting International Network

     

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  Indonesia | Cambodia
  Philippines | Vietnam
  Laos | India | Sri Lanka
  Japan | Bhutan | Thailand 
  Myanmar | China 
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  Europe
  Malta | Cyprus

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  Mexico | Panama
  Cayman Islands

  South America
  Argentina | Chile
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  Africa
  Seychelles | Mauritius

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Press Release


3E Accounting Pte Ltd Appreciates The Straits Times for Recognising Their Employee Protection Efforts during the Zika Outbreak. Read More



Enterprise Services Insights Ranks 3E Accounting Pte Ltd among the Top 10 Premium Compliance Service Providers in the APAC Region. Read More
Notice of Holiday

Christmas

Our office will be closed on 26 and 27 December 2016 for Christmas Public Holiday Replacement

We will be operating on 28 December (Wed) onwards.

Dear Clients,

Our directors and staffs will
have no access to the email during these period and all
email will be attended to once we are back to the office on the next working day. We apologize for any inconvenience caused.

About 3E Accounting


Why switch to 3E Accounting

3E Accounting is a leading international accounting firm that provides truly one-stop solutions for businesses, committed in helping businesses in the areas of Company incorporation, nominee director, LLP setup, immigration, work pass application, stamp seal maker, accounting, tax, GST, secretarial, human resource, cloud based accounting software support, business advisory, and virtual office services.

Currently, our network group has presence in 27 countries globally, with a total combined staff strength of more than 600 staffs and 38 offices across Asia, North and South America, Africa, Oceania and Europe. We are not just to support you locally in Singapore, but to support you for your business expansion in overseas as well when you are ready.

Find out more: Why switch your service provider to 3E Accounting
Resources
Company Compliance
For more information about Company Compliance, Please click here. (i.e. GST registration and CPF contribution and other requirements).

Hiring Staff in Singapore
For Guide to Hiring Staff in Singapore, please click here.

Corporate Income Tax Submission Deadline
Kindly remind that the deadline for submission of your Company's Form C / Form C-S for the Year of Assessment 2015 is on 30 November 2016.

Productivity and Innovation Credit (PIC)
Under the Productivity and Innovation Credit (PIC) scheme, your business can enjoy: - 400% tax deductions/ allowances and/ or - 60% cash payout For more information, please see PIC Bonus in Singapore

GST Registration Obligation
All Singapore companies must register for GST if their annual taxable revenue is more than S$1 million, or if their current taxable income and annual taxable revenue is expected to be more than S$1 million. The business must register for GST within thirty days from the time it is deemed liable.

Withholding Tax Obligation
Under the law, when a person or a company makes payment(s) of a specified nature (for example, Royalty, Interest, Technical Service Fee, etc) to a non-resident company or individual, he/she is required to withhold a percentage of that payment and pay the amount withheld to IRAS. The amount withheld is called Withholding tax. Kindly be reminded that it is our Company's policy that you must engage our withholding tax reporting services if you are engaging our nominee director services.

Tax Planning
Looking for tax savings method for Personal and Company, please refer to:
Click here for more Resources

Awards and Milestones


 
3E Accounting
3E Accounting Pte Ltd
51 Goldhill Plaza #07-10/11
Singapore 308900
+65 6690 9262
info@3ecpa.com.sg
www.3ecpa.com.sg
 
 
 
Copyright © 2016 3E Accounting Pte. Ltd., All rights reserved.


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