Official Notices
109 notices published
MAS AI Risk Toolkit: Strategic Guide for Financial Sector Compliance
MAS partners with industry to develop an AI Risk Management Toolkit, equipping financial institutions with tools to mitigate AI risks. This proactive measure supports safe AI adoption amid growing regulatory scrutiny. Businesses must assess readiness to leverage opportunities and avoid compliance pitfalls.
ACRA Scam Alert: Beware Fake Company Dissolution Emails Targeting Businesses
ACRA has issued an urgent alert on phishing emails impersonating official notices about company dissolution under Section 344A. Businesses must ignore these scams, verify communications, and adopt robust cybersecurity practices to avoid data breaches. This report provides strategic guidance to mitigate risks and enhance compliance vigilance.
IRAS GST Refund Fraud Crackdown: Raids, Arrests & $1M Seizures Alert Businesses
IRAS conducted island-wide raids on over 20 locations, arresting one suspect and seizing luxury watches worth over $1 million in a major GST refund fraud operation. Businesses face heightened audits recovering $100M+ in 2025, with severe penalties for fraud including triple tax penalties and up to 7 years jail. Companies should prioritize GST compliance reviews and voluntary disclosures to mitigate risks.
IRAS YA2026: 1M Taxpayers Get Direct Tax Bills from Mid-March
IRAS expands Direct Notice of Assessment (D-NOA) for YA2026, delivering pre-computed tax bills to 1 million taxpayers from mid-March, reducing filing needs for most. Businesses must ensure accurate AIS submissions to support this while prioritizing verification and timely payments to avoid $5M+ penalties seen in YA2025. Strategic GIRO setup offers cash flow relief via interest-free instalments.
MAS Welcomes Nasdaq's Singapore Office: Capital Markets Boost
Minister Alvin Tan's opening remarks highlight Singapore's strategic role in global capital markets amid Nasdaq's expansion. This signals enhanced opportunities for businesses seeking international listings and fintech collaborations. Companies should evaluate partnership potential to capitalize on Asia-Pacific growth.
MAS-ESS 2026 Essay Competition: Strategic Business Engagement Guide
MAS announces the 2026 ESS Essay Competition, a platform for insightful discourse on Singapore's economic challenges. Businesses can leverage participation for thought leadership, regulatory alignment, and networking. Key strategies include encouraging employee entries to influence policy and gain visibility.
Singapore-Cambodia DTA Second Protocol Enters Force: BEPS Anti-Abuse Rules
The Second Protocol to the Singapore-Cambodia Double Taxation Agreement (DTA) entered into force on 6 March 2026, introducing BEPS-compliant measures to prevent treaty abuse via a new Article 28. Businesses engaging in cross-border activities between the two nations must review eligibility for treaty benefits to avoid unexpected tax exposures. This update strengthens fiscal integrity while preserving legitimate tax relief for compliant operations.
MAS Clarifies NETS QR and SGQR: Key Insights for Payment Compliance
MAS's written reply to Parliament addresses concerns on NETS' QR system integration with the national SGQR standard, stressing interoperability and merchant adoption. No major regulatory changes, but businesses must ensure compatibility for seamless payments. This reinforces Singapore's push for unified digital payments amid rising cashless transactions.
MAS Pushes Stronger Governance & Value Creation for SGX-Listed Firms
MAS Managing Director Chia Der Jiun's speech calls for robust corporate foundations and long-term value creation among Singapore's listed companies. Key emphases include effective boards, sustainability integration, and shareholder engagement. Listed firms must adapt to enhance competitiveness and regulatory alignment.
MAS Clarifies SGD-MYR Exchange Rate Policy in Parliament
MAS reaffirms its managed float policy for the SGD, stating it does not target bilateral rates like SGD-MYR. Businesses engaged in cross-border trade with Malaysia face ongoing volatility risks but no new regulations. Proactive hedging and scenario planning are advised for stability.