Official Notices
206 notices published
MAS Reply on Visa & Mastercard Fees: Merchant Cost Implications
MAS's parliamentary reply addresses concerns over high Visa and Mastercard merchant fees, affirming no immediate regulatory caps while emphasizing competition. Merchants face sustained pressure on costs, but opportunities arise in alternative payments. Businesses must review fee structures strategically amid ongoing MAS monitoring.
MAS Comments on Market Conditions: Strategic Business Insights
MAS affirms stable market conditions in Singapore amid global uncertainties, urging businesses to prioritize risk management. This analysis decodes implications for funding, operations, and growth across business sizes. Key recommendations include portfolio reviews and compliance checks via official channels.
MAS New Currency Note Series: Business Prep for 2026 Launch
MAS confirms rollout of refreshed Portrait Series banknotes starting late 2025, featuring advanced security amid ongoing counterfeiting concerns. Cash-handling businesses must update systems to avoid disruptions during dual circulation. This analysis provides tailored strategies for startups, SMEs, and enterprises.
MAS Reply: ATMs, Cash Mandate & Disability Insurance Commitments
MAS affirms adequate ATM and VTM provision, clarifies no immediate cash acceptance mandate, ensures EQDP sustainability, and boosts disability insurance access. Financial firms face compliance checks while retailers eye cashless transitions. Opportunities arise in inclusive fintech solutions.
IRAS Mandates GST InvoiceNow for All Businesses by April 2031
IRAS will require all GST-registered businesses to adopt InvoiceNow and submit invoice data directly from April 2028 to 2031, phased by annual supplies value. Transitional funding up to $5,000 and free solutions for SMEs ease onboarding. This boosts productivity, compliance, and cash flow but demands system upgrades.
ACRA Audit Exemption Review: Higher Thresholds to Ease Small Co Costs
ACRA is reviewing Singapore's audit exemption framework, proposing higher revenue and asset thresholds to reduce compliance burdens for small companies. Consultations launch in March 2026, including subsidiary exemptions independent of group status. Businesses should monitor and participate to influence outcomes benefiting cost savings.
MAS on 5-Cent Coin Circulation: Key Business Implications
MAS clarifies low circulation of 5-cent coins in parliamentary reply, signaling no new minting post-2026 while remaining legal tender. Businesses face minimal disruption but should adapt cash-handling practices. Strategic shift to digital payments offers growth opportunities.
ACRA BizFinx Preptool & MUT Update: Mandatory Switch by Apr 2026
ACRA has launched updated BizFinx Preparation Tool (Preptool) and Multi-Upload Tool (MUT) effective 25 Feb 2026, with mandatory transition by 15 Apr 2026. Key enhancements include FRS 117 updates for insurers, reduced disclosure options, a new AdditionalInformation tab, and relaxed validation rules. Businesses must update tools to ensure seamless XBRL financial statement filings.
MAS Jan 2026 CPI Report: Inflation Eases, Business Strategy Shifts
MAS reports Singapore's CPI rose 1.2% YoY in January 2026, with core inflation at 1.6%, signaling moderating price pressures amid global uncertainties. Businesses face opportunities in pricing stability but must navigate wage and input cost risks. Tailored strategies for startups, SMEs, and enterprises to optimize operations.
IRAS AIS: 123K Employers Must Submit Employee Income by 1 Mar 2026
IRAS requires 123,000 AIS employers, including over 11,000 new ones, to submit 2025 employee income data by 1 March 2026 to enable pre-filled tax returns for 2 million workers. Enhanced digital tools simplify compliance, but non-filers face fines up to $5,000 and directors up to $10,000 or jail. Businesses must act now to avoid penalties and errors like omitting benefits-in-kind.