Official Notices
5 notices published
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.
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.
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 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.