AMENDMENTS TO ENHANCE TRANSPARENCY OF BENEFICIAL OWNERSHIP OF COMPANIES AND LLPS TO COME INTO EFFECT ON 16 JUNE 2025

The Companies and Limited Partnership (Miscellaneous Amendment) Act 2024 (“CLLPMA Act”) introduces new requirements aimed at enhancing transparency to beneficial ...
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DIRECTORS’ DUTIES IN THE SPOTLIGHT KEY LESSONS FROM PUBLIC PROSECUTOR (“PP”) V ZHENG JIA [2025] SGHC 76

INTRODUCTION A director must at all time act honestly and use reasonable diligence in the discharge of his or her ...
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CHANGES TO STRENGTHEN SINGAPORE’S CORPORATE REGULATORY AND ANTI-MONEY LAUNDERING REGIMES

INTRODUCTION To strengthen Singapore’s corporate regulatory and anti-money laundering regimes, which came under the spotlight recently, the following Acts have ...
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GOODS & SERVICES TAX (“GST”)

Singapore is expected to increase it Goods & Services Tax (“GST”) as planned from 1 January 2023 from the current ...
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PREPARING FOR A POST COVID-19 ERA

Since the introduction of the Fortitude Budget in May, the COVID-19 pandemic has continued to spread across the world at ...
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SINGAPORE INSOLVENCY REFORMS

SINGAPORE INSOLVENCY REFORMS COVID-19 (TEMPORARY MEASURES) BILL On 7 April 2020, the Singapore Government passed the COVID-19 (Temporary Measures) Bill, ...
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GOODS AND SERVICES TAX (“GST”) ON IMPORTED SERVICES

GOODS AND SERVICES TAX (“GST”) ON IMPORTED SERVICES In Singapore, GST is a broad-based consumption tax levied on all goods ...
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SHOULD “DATA” BE RECOGNISED AS AN ASSET ON THE BALANCE SHEET?

Since the 1950s the world has witnessed a very different demographic where the average publicly-traded company listed on the S&P ...
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CHANGES TO THE GOODS AND SERVICES TAX ACT TO EXTEND GST TO OVERSEAS SERVICES FROM 1 JANUARY 2020 AND ENHANCE IRAS INVESTIGATION POWERS FROM 1 JANUARY 2019

Introduction of goods and services (“GST”) on imported services: From 1 January 2020, GST on imported services will be introduced ...
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LEGISLATIVE CHANGES ON STATUTORY REQUIREMENTS FOR ANNUAL GENERAL MEETINGS (‘AGMS”) AND FILING OF ANNUAL RETURNS (“AR”)

Aimed to reduce the regulatory burden for companies, legislative changes to the Companies Act relating to the holding of AGMs ...
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NEW FRAMEWORK UNDER COMPANIES (AMENDMENT) ACT FOR THE REVISION OF DEFECTIVE FINANCIAL STATEMENTS EFFECTIVE FROM 20 APRIL 2018

Section 121 of the Companies (Amendment) Act 2014 which introduces new sections 202A and 202B of the Companies Act took ...
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CHANGES TO THE SINGAPORE EMPLOYMENT ACT

On 5 March 2018, the Minister for Manpower announced in Parliament that with effect from 1 April 2019, key changes ...
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