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In Singapore, a dormant company is defined by two authorities: Accounting and Corporate Regulatory Authority (ACRA) and Inland Revenue Authority of Singapore (IRAS). For ACRA the determining factor for dormancy is the lack of transactions. For IRAS, a company that does not generate income is considered dormant. The companies deemed dormant by ...
Agency ID. T08GB0001G. The Accounting and Corporate Regulatory Authority ( ACRA) is a statutory board under the Ministry of Finance of the Government of Singapore. ACRA is the regulator of business registration, financial reporting, public accountants and corporate service providers. ACRA is also responsible for developing the accountancy ...
Location of Singapore Singapore is a sovereign island country in maritime Southeast Asia. A global city, it has a highly developed market economy, based historically on extended entrepôt trade and more recently as a financial hub as well. Its economy is known as the most freest, most innovative, most competitive, most dynamic and most business-friendly in the world by various multinational ...
In 2018, the Accounting and Corporate Regulatory Authority (ACRA) will reduce the length of private companies’ process of filing annual returns from 24 steps to six steps, Senior Minister of ...
A-Smart Holdings Ltd. Singapore. SG1CF3000008. 28 June 1999. A-Sonic Aerospace Limited. Singapore. SG1CH8000009. 17 September 2003. ABF Singapore Bond Index Fund.
The company was founded in Singapore in May 2017 by French entrepreneurs Julien Labruyere and Adrien Barthel, who grew frustrated at the pedestrian speed of traditional corporate secretaries and ...
Following self-government in 1959, the Inland Revenue Department was formed in 1960 when various revenues administered and collected by a number of separate agencies were brought together. When Singapore attained independence on 9 August 1965, substantial changes were made to the Income Tax Act, which came into effect on 1 January 1966.
A Singapore Sling is a tax avoidance scheme in which a large multinational company sells products to a subsidiary owned by them in a jurisdiction with lower tax rates, which acts as a 'marketing hub'. The subsidiary then sells the product to end users, marking up its value and attributing the mark-up to various marketing activities undertaken ...