S$600M Training Fund For All Workers
December 23rd, 2008 by admin
The Government will provide S$600 million in training funds to encourage local enterprises to keep retrenchments to a minimum and send workers for training.
Tags: Enhanced business financing schemes
November 23rd, 2008 by admin
To help enterprises cope with the current crisis, the Govt is giving S$2.3b in loans through enhanced business financing schemes various enhanced schemes with effect from December 1.
Singapore Budget 2009
November 22nd, 2008 by admin
BUDGET 2009 will be on Thursday, 22 Janauary, brought forward from February. Parliament will sit to debate the Budget from 3 February 2009.
Changes in ECI
November 19th, 2008 by admin
Companies are required to file an estimate of their chargeable income within three months from the end of their accounting period. With effect from 1 Jan 2009, companies to declare their revenue in the ECI form for governmental statistics purposes. A similar change will also introduced with GST filing.
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Human Resource Development
November 15th, 2008 by admin
SPRING Singapore and the Singapore Workforce Development Agency (WDA) had developed an Human Resource Capability Package to help strengthen SMEs’ ability to attract, develop and retain talent.
Bizfile Acra Enhancements
November 14th, 2008 by admin
Enhancement made to ACRA Bizfile on 10 November 2008
Continue to file Partial XBRL
November 8th, 2008 by admin
ACRA allows continuation of partial XBRL for companies as full XBRL is not a popular option
Changes with Factory Registration with implementation of risk management in workplace
October 12th, 2008 by admin
From 1 Nov 2008, the Ministry of Manpower (MOM) will make changes to the Factory Registration system. MOM is also planning to review the registration system for the remaining 7,000 registered factories, so that the registration requirements are commensurate with the level of risk their operations entail.Nearly 14,000 registered factories with lower risk activities will [...]
Employers Must Pay Skills Development Levy (SDL) For All Workers from 1 October 2008.
October 11th, 2008 by admin
Employers Must Pay Skills Development Levy For All Workers
Levy rate reduced, new rule takes effect 1 October 2008.
The SDL is also payable for employees such as casual, part-time, temporary and foreign workers rendering services wholly or partly in Singapore.
From 1 October 2008, employers must pay Skills Development Levy (SDL) contributions for all employees up to [...]
File income tax for workers electronically from 2012
August 22nd, 2008 by admin
It will become mandatory for all employers to file their workers’ income tax electronically from 2012. The Auto-Inclusion Scheme (AIS) will be made compulsory in phases over the next 3 years.
Employers with 100 or more employees must join the scheme in 2009, while employers with less than 100 staff will participate from 2010.
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