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

Dear Valued Clients,

   It's time for new updates and interesting news again! What do we have for you this month?

   Needing any global reach?

   If you are looking at business expansion or reaching out to people globally, yes, we could assist you even better now. During the month, we have welcomed our new professional members firms from Australia, Seychelles and Mauritius. We are very privileged to have them in our group and are looking forward to a great partnership with them to serve you better.

   With the new addition, we are now able to serve you from a total of 24 countries with 33 offices and more than 500 staffs across the globe.

   If you have any expansion plan into these countries and need any assistance, feel free to give us a ring or drop us a line. It is very important to get the right partner right from the start.

   What happened across the causeway?

   In our neighbouring country, the Malaysian Parliament has passed the Companies Bill 2015 recently. The Bill has received Royal Assent on 31 August 2016 and has been gazetted on 15 September 2016 as the Companies Act 2016.

   Although only coming into effect in 2017, the new changes of the Companies Act is paving way to an easier and cheaper way to set up and to run a company in Malaysia. Among the changes are the requirement of only 1 local resident director instead of 2 and audit exemption for certain group of companies.

   We are happy to see the new legislation and regulations changes in our neighbouring country where the government is encouraging and promoting new business ventures. This is a great opportunity and alternative solution for certain Singapore businesses which is timely and in-line with our Government's encouragement for companies to expand out of the local shore. With the availability of the bulk of resources and assistance from the local government, Malaysia will be the best starting point for any oversea expansion for Singapore businesses.

   As a market penetration specialist in Malaysia, we welcome you to see us for any advise or discussion. Our professional team in our Malaysia office are all ready to guide you through and provide you with any assistance needed. Currently we are the only one-stop-solution services provider in Malaysia who can provide you with all the professional services required under one-roof. All these can be done at economical prices, best quality and fastest turnaround time. This will save you the hassle to deal with multiple companies dealing with incorporation matters, work pass application, opening of bank accounts and annual compliance matters including human resource, accounting, taxation, GST and etc.

   Our achievement is your achievement

   We are humble to announce that we have successfully surpassed the Big 4 and most medium size firms to be recognised as the Top 10 Premium Compliance Service Providers in the APAC region. Currently we are supporting businesses from 11 countries in the APAC region, including Singapore, Malaysia, Indonesia, Cambodia, Philippines, Vietnam, Laos, India, Sri Lanka, Japan and Bhutan

   On September 2016, Enterprise Services Insights ranks 3E Accounting Pte Ltd among the Top 10 Premium Compliance Service Providers of 2016 in the APAC Region. Enterprise Services Insight’s Digital Magazine Aug-Sep 2016 Issue.

   Corporate Income Tax Submission Deadline

   Last but not least, we wish to remind you that the corporate tax seasons in Singapore is fast approaching.

   The deadline for submission of your Company's Form C / Form C-S for the Year of Assessment 2015 is by 30 November 2016.

   Remember to get ready early to avoid any penalties. Call us if you require any assistance.

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

Thank you.

Stephanie Chua
Lawrence Chai
Managing Director



Latest News

 
  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


 
  Singapore and Australia to Share Data to Reduce Tax Evasion
Singapore and Australia to Share Data to Reduce Tax Evasion The Inland Revenue Authority of Singapore (“IRAS”) and the Australian Taxation Office (“ATO”) have entered into a Competent Authority Agreement (“Agreement”) on the automatic exchange of financial account information (“AEOI”) based on the Common Reporting Standard (“CRS”). The CRS is an internationally agreed standard for… 
Read More


 
  Total debt servicing ratio rules tweaked for refinancing of existing home loans
Total debt servicing ratio rules tweaked for refinancing of existing home loans Existing home owners looking to refinance their home loans will enjoy more flexibility with relation to the Total Debt Servicing Ratio (TDSR), the Monetary Authority of Singapore said on Thursday (Sept 1) The move will allow property owners to take advantage of current… Read More


 
  New conditions for Factory-Converted Dormitories from 1 January 2017
New conditions for Factory-Converted Dormitories from 1 January 2017 All operators of Factory-Converted Dormitories (FCDs) must meet four new conditions imposed by the Ministry of Manpower (MOM) when seeking approvals or renewals to use their industrial premises to house foreign workers, from 1 January 2017. This follows MOM’s call earlier this month to FCD… Read More


 
  MOM dismantles syndicate involved in the illegal importation of labour
MOM dismantles syndicate involved in the illegal importation of labour The Ministry of Manpower (MOM) mounted an island-wide enforcement operation from 26 to 27 July 2016 against a syndicate involved in bringing in foreign workers for illegal employment. The operation lasting more than 48 hours took place at several locations including offices, residential… Read More


 
  New Regulatory Measures to Further Raise the Audit Quality Bar
New Regulatory Measures to Further Raise the Audit Quality Bar New regulatory measures will be introduced to ensure auditors in Singapore continue to uphold high audit quality standards.  The new regulatory measures were developed following a review by ACRA of audit inspection insights gleaned from a decade of audit inspections conducted under…  Read More


 
  Singapore and Ethiopia Sign Agreement for Avoidance of Double Taxation
Singapore and Ethiopia Sign Agreement for Avoidance of Double Taxation Singapore signed an Agreement for the Avoidance of Double Taxation (DTA) with Ethiopia on 24 August 2016. The signing took place in Singapore between Minister for Trade and Industry (Industry) Mr S. Iswaran and Ethiopia’s Minister of Foreign Affairs, Tedros Adhanom. The DTA clarifies… 
Read More


 

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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

Deepavali

Our office will be closed on 31 October 2016 for Deepavali Public Holiday Replacement

We will be operating on 1 November (Tue) 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.

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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