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Goods and Services Tax Fraud: Penalties, and How to Avoid It

Goods and Services Tax Fraud: Penalties, and How to Avoid It

The Inland Revenue Authority of Singapore (IRAS) is strict when it comes to penalizing businesses and their proprietors on tax malpractices such as ta..
SCS Accounting - How to Fulfil Statutory Compliance for Dormant Companies

SCS Accounting - How to Fulfil Statutory Compliance for Dormant Companies

In Singapore, if your company hasn’t been engaging in trade, hiring people, or generating any form of income in recent years but you still plan on..
Top 5 Reasons Why Singapore Should Be Your Top Choice To Set Up A Company

Top 5 Reasons Why Singapore Should Be Your Top Choice To Set Up A Company

More and more entrepreneurs, corporations and ventures of all sizes across the world choosing Singap..
SCS Goes Digital: New Logo, New Website & New Ecommerce Platform

SCS Goes Digital: New Logo, New Website & New Ecommerce Platform

Here at Singapore Corporate Services (SCS), we’re always looking for ways to make our client’s accou..
What Does GST Mean to Businesses in Singapore?

What Does GST Mean to Businesses in Singapore?

The Inland Revenue Authority of Singapore (IRAS) defines the Goods and Services Tax (GST) as a broad..
What Happens If I Forget to File My Returns, Pay My GST or Made an Error?

What Happens If I Forget to File My Returns, Pay My GST or Made an Error?

IRAS imposes heavy penalties if businesses fail to file their returns or pay their GST on time.....
What Happens When A Business is GST-registered?

What Happens When A Business is GST-registered?

GST-registered companies in Singapore must charge and collect GST on their goods at the prevailing r..

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