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WELCOME 2018.

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Presentation on theme: "WELCOME 2018."— Presentation transcript:

1 WELCOME 2018

2 WHAT IS POPULAR ACTIVITIES ON 2017

3 WHAT IS POPULAR BUSINESS VEHICLE ON 2017

4 LIST OF DUE DATE Month of 2018 Authorities Action January ACRA
Annual Return filing for year ended July 2017 February Annual Return filing for year ended August 2017 March IRAS GST submission Annual Return filing for year ended September 2017 Submission of CPF EVERY MONTH

5 Did you register for corppass?
All Singapore company is required to register for Corppass to transact with government authorities Please click here for more detail

6 LIST OF COMPLIANCE : ACRA
ANNUAL RETURN (AR )FILING My company is DORMANT so exempted from Annual Filing ? WRONG Must attached copy of report ? Can ignore ACRA submission after IRAS submission is done?

7 LIST OF COMPLIANCE : ACRA
REGISTER CONTROLLER AND NOMINEE DIRECTOR BACKGROUP As part of measurement against Money Laundering activities , all Singapore registered company is required to disclose who is their Beneficial Owner of the company . Statutory Register controller and Nominee Director must be maintain and Company must do Annual Declaration during annual return with ACRA

8 LIST OF COMPLIANCE : ACRA
REGISTER CONTROLLER REFER TO SOMEONE WHO HAVE : Significant control: the right to appoint or remove a majority of directors, and the right to exercise, or the actual exercise of, significant influence or control over certain matters, particularly if this is provided for in the company’s constitution and Significant interest: having an interest in more than 25% of the shares or voting rights or, where the entity has no share capital, the right to share in more than 25% of the capital or profits Please click here for more detail

9 LIST OF COMPLIANCE : MOM
CHANGE IN EMPLOYMENT PASS AND S PASS With effect from January 2018 : Work pass holder need to meet minimum fixed monthly salary of S$6,000 to sponsor their spouse or children for dependent pass Work pass holder need to meet minimum fixed monthly salary of S$12,000 to sponsor parent for long term visitor pass BEFORE JANUARY 2018 S$5000 To sponsor spouse or children S$10,000 To sponsor parent

10 LIST OF COMPLIANCE : MOM
ISSUED OF ITEMIZED PAY SLIP TO EMPLOYEE All Employer is required to issue itemised pay slip to all Employee with effect from 1 April 2016 Click here for more detail

11 LIST OF COMPLIANCE : IRAS
Are you LIABLE to register for GST ? **Annual Turnover MORE THAN $1million ? MUST REGISTER Annual Turnover refer to past 12 months or your expectation on your next 12 months

12 LIST OF COMPLIANCE : IRAS
WHEN TO REGISTER ? You must apply for GST registration within 30 DAYS for the following scenario :

13 LIST OF COMPLIANCE : IRAS
SCENARIO 1

14 LIST OF COMPLIANCE : IRAS
SCENARIO 2

15 LIST OF COMPLIANCE : IRAS
ECI SUBMISSION All Company must submit Estimate Chargeable Income (ECI) within 3 months from the accounting year end

16 LIST OF COMPLIANCE : IRAS
ECI SUBMISSION Company with the following condition is EXEMPTED from ECI Submission a) annual revenue of S$1 million or below for the financial year; and b) estimated its ECI to be nil.

17 JOB BANK To Protect Local employment pool, Government had Implement JOB Bank . If you need to engage FOREIGN WORKER please ensure that the vacancy was advertised with JOB BANK BEFORE offer to foreign worker

18 FAQ Biztree Management Pte ltd is on Wats App @ 9457 6123
Messager Our facebook


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