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Singapore’s Corporate Tax Rate & System Explained

Singapore has a competitive corporate tax system known for its low rates, simplicity, and stability. In this article we provide an overview of Singapore’s corporate tax rate and its tax system in addition to how it the advantages these offer to companies incorporating in Singapore. Corporate Tax Rate Singapore’s corporate tax rate is 17%, one […]

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How to Start Selling Online in Singapore

Making online sales in Singapore is a great way to grow your business. It requires careful planning, strategy, and execution, but by following the steps outlined in this guide, you can create a strong foundation for your online business and increase your chances of success. In this article, we’ll provide a simple, step-by-step guide on […]

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Explained: Double Taxation Between Singapore & Malaysia

Singapore and Malaysia are neighboring countries in Southeast Asia with close economic, cultural, and social ties. To avoid double taxation and to promote cross-border trade and investment, Singapore and Malaysia signed a Double Taxation Agreement (DTA) in October of 2004. As a business operating in Singapore, here’s what you need to know about the DTA: […]

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A Guide to Selling on Amazon Singapore

Amazon is the world’s largest e-commerce platform, offering a wide range of products and services to consumers and businesses. If you’re thinking of becoming a seller on Amazon Singapore, here is a guide to help make your products stand out. Step 1: Choose Your Niche and Product Before you can sell on Amazon you need […]

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2023 GST Rate Increase: Preparing Your Business

The Goods and Services Tax (GST) is a broad-based tax that is applied to most goods and services in Singapore. Beginning in 2024, the government of Singapore will increase the GST rate from its current rate of 8% to 9%; the revenue generated from this increase is slated to be used on infrastructure and social […]

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Why Organic Growth May Be They Key To Scaling Your Business

5 Ways To Reduce Google Ads Spending Google Ads are an excellent way to make you a worthy competitor in your industry by supplementing your…

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vc e-commerce trends in 2023

Top e-Commerce VC Trends in 2023

The future of commerce looks a little different than what many of us imagined

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vc e-commerce trends in 2023

Using Gross Profit Margin to Grow Your Business

The future of commerce looks a little different than what many of us imagined

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Responsibilities of a GST Registered Company

Singapore’s Goods and Service Tax (GST) requires registration from a few different business types which either operate in Singapore or conduct business with Singapore residents. Those required to file for the GST are primarily businesses operating in Singapore with a taxable turnover exceeding 1 million SGD, or those offering digital or non-digital imported goods or […]

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Registering Your Business for GST

Businesses in Singapore with annual taxable supplies exceeding SGD 1 million are required to register for the Goods and Services Tax (GST). Businesses registered for the GST charge this tax on all goods and services sold in Singapore. Below is a step-by-step guide for businesses that need to register for the GST: Step 1: Determine […]

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How to Obtain a Tax Identification Number in Singapore (TIN)

Tax Identification Numbers A Tax Identification Number (TIN) – also known as a Unique Entity Number (UEN) in Singapore – is a unique identification number assigned to businesses and individuals. Obtaining a TIN is necessary for all businesses operating in Singapore. TINs serve as proof of a business’s legal existence and are used to track […]

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5 Simple Strategies for Managing COGS

Cost of goods sold (COGS) directly measures the costs incurred when producing products or providing services to customers. COGS is calculated by totaling the sum of raw materials, labor, packaging, and other expenses used during the manufacturing process, or, in the case of service-oriented businesses, all the materials and labor necessary to provide a final […]

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