Official Notices
8 notices published
MAS on Accuracy of Listed Companies' GHG Emissions Disclosures
MAS responds to Parliament on ensuring accurate greenhouse gas emissions reporting by listed firms, emphasizing board accountability and regulatory oversight. This underscores Singapore's push for credible sustainability disclosures amid global scrutiny. Businesses should prioritize robust verification processes to mitigate risks and seize ESG leadership opportunities.
MAS Enhances Framework for Dual SGX Listings: Strategic Guide
MAS has streamlined its regulatory framework to facilitate dual listings on the Singapore Exchange, easing requirements for foreign-listed companies. This move aims to attract more international issuers and boost SGX's global appeal. Businesses with primary listings elsewhere can now access Singapore's investor base more efficiently.
Singapore Signs GloBE MCAA: Easing Pillar Two Filing for MNEs
Singapore's signing of the MCAA on GloBE Information Exchange enables central filing of GloBE Information Returns, slashing compliance burdens for Singapore-headquartered MNEs under OECD Pillar Two rules. This move positions Singapore as an efficient tax hub while upholding data safeguards. Businesses should assess their in-scope status to leverage reduced filing obligations.
MAS Clarifies Philanthropy Rules for Single Family Offices in Singapore
MAS's parliamentary reply sheds light on philanthropic contributions by Single Family Offices (SFOs), noting growing sector involvement and available tax incentives. No new mandates are imposed, but businesses are encouraged to leverage deductions for strategic giving. This presents opportunities for tax-efficient impact investing amid Singapore's family office boom.
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.
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.
MAS Expands Equity Market Development Programme: Strategic Insights
MAS has announced the expansion of its Equity Market Development Programme (EMDP) to enhance Singapore's equity market liquidity and listings. The initiative introduces higher grant support and new eligible activities for businesses. This presents timely opportunities for companies considering IPOs or market-making roles amid evolving capital market dynamics.
MAS Workgroup to Boost Singapore Growth Capital Ecosystem
MAS has convened a multi-stakeholder workgroup to strengthen Singapore's growth capital ecosystem, targeting funding gaps for scaling companies. This initiative aims to attract more investors and enhance market infrastructure. Businesses stand to benefit from improved access to expansion capital amid evolving funding landscapes.