What is an Investment Holding Company

An Investment Holding Company is a company which generates its income through ownership of real estate or shares of other companies. The income could be through the sale and purchase of these assets, the rental income or the dividends received. The Accounting and Corporate Regulatory Authority (ACRA) defines this type of income as non-trade income. [...]

2019-02-27T15:54:27+08:00January 25th, 2019|What Is...|

What is XBRL (eXtensible Business Reporting Language)

XBRL stands for eXtensible Business Reporting Language and is a global framework for exchanging business information. Having a common framework to analyse data makes it easier to exchange and analyse business information of companies. XBRL allows for the generation of data which may be used by a large group of stakeholders for decision-making and analysis, [...]

2019-02-27T15:58:23+08:00January 18th, 2019|Accounting Bookkeeping Tax and XBRL, What Is...|

What is the Register of Controllers

The Register of Controllers is a mandatory register for all companies. It lists all registrable controllers of the company. This requirement was made mandatory from 31st March 2017 onwards. These registers are to be kept at the company's registered office or at the office of the corporate secretary. They can be in hard or soft [...]

2019-02-27T16:01:31+08:00November 6th, 2018|What Is...|

What is a Public Company Limited by Guarantee (CLG)

If you are looking to start a charity or a non-profit organisation, you may consider setting up a Public Company Limited by Guarantee (CLG). Here are details of what makes up a CLG. A CLG is a separate legal entity. It is a company and is separate from the members of the company. As a legal [...]

2019-02-27T16:10:51+08:00October 27th, 2018|What Is...|

What is Form C-S

Form C-S is a simplified 3-page income tax return for companies to report their income to the Inland Revenue of Singapore (IRAS).   Form C-S is for qualifying small companies and has fewer fields to fill. Form C-S comprises: A declaration statement of the company’s eligibility; Information on tax adjustments; and Information from the financial [...]

2019-02-27T16:14:34+08:00October 19th, 2018|What Is...|

What is Estimated Chargeable Income (ECI)

Estimated Chargeable Income (ECI) is an estimate of a company's taxable income (after deducting tax-allowable expenses) for a Year of Assessment (YA). The Inland Revenue Authority of Singapore (IRAS) requires that the ECI be filed so that they can raise an early assessment. The data collected by IRAS will also be useful in helping the [...]

2019-02-27T16:13:29+08:00October 16th, 2018|Accounting Bookkeeping Tax and XBRL, What Is...|
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