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eCommerce

How to Start Selling on Carousell Singapore

Carousell is a popular e-commerce platform in Singapore known for its simple, user-friendly interface and its diverse range of products and categories. In this article, we’ll provide a step-by-step guide on how to start selling on Carousell Singapore. Step 1: Sign up and create a Carousell account The first step to start selling on Carousell…

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Business Tips

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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eCommerce

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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Business Tips

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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Business Tips

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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Business Tips

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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Business Tips

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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Business Tips

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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