In Singapore, donating to charities, namely Institutions of a Public Character (IPCs), provides substantial tax benefits designed to encourage philanthropy. Donations to the Community Chest will also attract the same tax benefits. Here are the main tax benefits of charitable donations in Singapore: Please note that this applies to both personal as well as corporate [...]

New Contact Address Regime With the enactment of the ACRA (Registry and Regulatory Enhancements) Bill 2024 on 2 July 2024 by Parliament, ACRA will introduce the use of a Contact Address to enhance the protection of residential addresses filed with the Registrar. Currently, the law mandates that residential addresses of company officers be disclosed to [...]

A company limited by guarantee (CLG) is a type of non-profit organization, commonly found in sectors such as education, charity, and social enterprises. Since CLGs do not have share capital and thus no shareholders, they rely on alternative methods for raising funds. Here are the primary ways a CLG can raise money: 1. Grants Government [...]

Treasury Shares in Singapore refer to shares that a company has repurchased from its existing shareholders and holds in its own name. These shares do not have voting rights, do not receive dividends, and are not counted when calculating earnings per share (EPS). The concept of treasury shares is governed under the Singapore Companies Act, [...]