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Singapore Budget 2016 – A Summary For Companies & Businesses

PIC Cash Payout reduced to 40% (from 60%) for all purchases made after 1 August 2016 This was good while it lasted. But a 40% discount on IT related purchases is still generous! Corporate Income Tax (CIT) rebate increased to 50% (from 30%) If you have a tax payable of $1,000, pay only $500! Business […]

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Best SGD Bank Accounts For Start-Ups And Small Businesses

If you’re not sure which bank to use for your company, the main thing to consider is how you are going to operate the account – whether you are going to use mostly cheques or if you’re relying on e-banking. Unfortunately in Singapore, some banks are charging a fee for e-banking access, which is probably […]

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