Singapore Government News

Available Special UEN: February 2020

Available Special UEN (Updated: Feb 2020)   What is a Unique Entity Number (UEN)? A Unique Entity Number (UEN) is an identification number provided to every business entity in Singapore, upon successful incorporation with the Accounting and Corporate Regulatory Authority (ACRA). This UEN is issued free-of-charge by ACRA.   What is a Special UEN (SUN)?…

Company Director Fined $113,400 for Breaching of Companies Act

Company Director Fined $113,400 for Breaching of Companies Act The Accounting and Corporate Regulatory Authority (ACRA), the custodian of the Companies Act, is increasing the scope of its operations. The number of prosecutions for breaching the CA is on the rise. Most notably, the body recently issued a record fine to one director who was…

IRAS Recovers $175 Million in Penalties for GST Non-Compliance

IRAS Recovers $175 Million in Penalties for GST Non-Compliance The Inland Revenue Authority of Singapore (IRAS), the authority mandated to enforce the Goods and Services Tax (GST), recovered a whopping $175 million over the past nine months in unpaid GST and accompanying penalties for non-compliance. This major haul is a reflection of the IRAS’ increased…

GST Requirement for Charities and Non-Profit Organizations

GST Requirement for Charities and Non-Profit Organizations The Goods and Services Tax (GST) does not apply to businesses only, but also to non-profit organizations and charities. Even if these entities are not involved in business activities, they are required to register for GST if they attract more than S$1 million in annual taxable supplies or…

Tourist Refund Scheme for Businesses

Tourist Refund Scheme for Businesses Singapore’s Goods and Services Tax is enforced at the point of sale by the end customer. This means that tourists also pay GST for all purchases they make while touring Singapore. However, the law allows tourists to claim back some of the money paid on GST for purchases that exceed…

Goods and Services Tax (GST) on Imported Services

Goods and Services Tax (GST) on Imported Services The Goods and Services Tax (GST) is a tax levied on all goods and services consumed in Singapore, including imported and locally-made goods and services. It is similar to VAT models in other countries. In fact, Singapore’s GST is modeled after the UK’s VAT and New Zealand’s…

Marine, Process and Manufacturing Sectors to be Included in the Foreign Worker Settling-In Programme from December 2019

Marine, Process and Manufacturing Sectors to be Included in the Foreign Worker Settling-In Programme from December 2019 Non-Malaysian foreign workers in the Marine, Process and Manufacturing sectors will be covered by the foreign worker settling-in program (SIP) starting from December 2019. This comes as a result of the positive feedback about the program for non-Malaysian…

GD Group Pte Ltd Fined $94,500 for Work Pass Application Fraud

GD Group Pte Ltd Fined $94,500 for Work Pass Application Fraud GD Group Pte Ltd, a notable food and beverage company, was charged with work pass application fraud on 27th December 2018, and fined $94,500. The Ministry of Manpower has also banned the company from hiring foreign employees. The company was charged with a total…