Bgc-taxation

16/08/2020

Compliance !!!

Compliance the term commonly used by many entrepreneurs.

What are different type compliance??

Tax compliance
Companies Act Compliance
Legal compliance
AML/CFT compliance
PDPA
Others industry specific compliances.

Why business worry about compliance ??!!

If business does not meet the compliance requirements then every business must pay huge amount of fine.

How to avoid Fine?
Business must set up an Internal compliance team or engage professionals to draft the Compliance Manual or Documents.

Some new terms common in businesses are

KYC
KYCB
AML
CFT
DD
EDD
PEP
Financial Frauds
Adverse Media etc

For clarity consult the professional or
contact us

21/06/2020

https://www.youtube.com/channel/UCvPSeDtJFHR-Tl7aXEFcoRQ?reload=9

06/06/2020

Singapore Chartered Tax Professional Member.

Accredited Tax Practitioner
Income Tax
Since: 31/01/2013

SINGAPORE INSTITUTE OF ACCREDITED TAX PROFESSIONALS
now know as
Singapore Charted Tax Professionals.

03/06/2020

https://www.iras.gov.sg/irashome/News-and-Events/Newsroom/Media-Releases-and-Speeches/Media-Releases/2020/Jobs-Support-Scheme--IRAS-Reminds-Employers-to-Ensure-Rightful-CPF-Contributions/

Ahead of the Jul 2020 Jobs Support Scheme (JSS) payouts, the Inland Revenue Authority of Singapore (IRAS) would like to remind employers to ensure that the correct amounts of their mandatory CPF contributions for their

02/06/2020

Expenses incurred from working at home qualify for tax deductions

WORKERS working from home can claim deduction against employment income for charges such as electricity and telecommunication expenses not reimbursed by employers. Read more at The Business Times.