Posts by Yedda Magbanua

Crash Course in Singapore’s Income Taxation (2023)   As the deadline for filing and paying income taxes is fast approaching there will be a plethora of tax vocabularies and computation that will come along your way. Most may confuse you and may hinder your understanding of your taxes and the benefits you can enjoy. This…

Industry Roundup: Important Updates and Reminders   The global economy is rocked by waves of uncertainties. The International Monetary Fund (IMF) has generated a forecast for global growth to fall from an estimated 3.5 percent in 2022 to 3.0 percent in both 2023 and 2024. True enough, businesses across industries grapple with steep debt interest rates, rising…

Final GST Rate Change Effective 01 January 2024—What does this mean for your Business   In his Budget 2022 Speech, Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong, announced the increase in Goods, and Services Tax (GST) rates that will take effect from 7% to 8% starting 01 Jan 2023; and 8% to 9% with…