Astaa Corporate Services Pte.Ltd

10/06/2025

, your child will receive $500 Child LifeSG Credits or a $500 top-up to Edusave or PSEA, and more, which can help pay for education-related expenses and defray household expenses!

10/06/2025

05/06/2025

📘 Business Structures 101: Understanding Sole Proprietorships and Partnerships
Looking to start a business? A sole proprietorship might be your answer. As the simplest business structure in Singapore, it offers complete operational control to a single owner.
Important consideration: The business and owner are legally one entity. While this means streamlined decision-making, it also means the owner is personally responsible for all business debts and legal matters.
Understanding your options is crucial for business success. Learn more about business structures at: www.go.gov.sg/acra-business-structure

02/05/2025

GST-registered suppliers exporting goods to overseas customers via postal or courier companies, take note.

Since 8 July 2024, there have been updates to the documentary requirements for zero-rating the export of goods.

Read more at go.gov.sg/taxbytes-zerorateexports.

Source: IRAS

29/04/2025

Amid slowing economic growth and escalating global trade conflicts, our preliminary data suggest that Singapore’s labour market is expected to see more challenges in the months ahead.
In 1Q 2025, although employment growth remained positive, the pace of growth has slowed, with some outward-oriented sectors such as Professional Services, Manufacturing, and Information & Communications seeing contractions in resident employment.
While resident unemployment rate has edged up slightly, from 2.8% to 2.9%, it remains in the non-recessionary range.
Businesses are becoming more cautious, especially with our revised economic outlook amid rising global trade tensions. The Government stands ready to support our businesses and workers to transform and stay resilient.
The Singapore Economic Resilience Taskforce, set up on 16 April 2025, will examine further measures to help businesses and workers navigate the immediate uncertainties and position Singapore for the new economic landscape.
Read the full Labour Market Advance Release 1Q 2025 at https://stats.mom.gov.sg

24/04/2025

The 2025 China Economic Briefing is happening soon on 6 May! With escalating US-China tensions following President Trump’s tariff hikes, what lies ahead for the world’s second largest economy?
Join the dialogue—co-organised by RSM Singapore and the Singapore Business Federation, and supported by the Institute of Singapore Chartered Accountants (ISCA)—bringing together top voices in trade, law, media, and academia to unpack the latest US tariff hikes and what they mean for business.
You’ll gain insights into China’s evolving role and how businesses, investors, and policymakers can navigate the uncertainty shaping the future of international commerce.
Sign up now: https://tinyurl.com/mu3eu88a

The 2025 China Economic Briefing is happening soon on 6 May! With escalating US-China tensions following President Trump’s tariff hikes, what lies ahead for the world’s second largest economy?

Join the dialogue—co-organised by RSM Singapore and the Singapore Business Federation, and supported by the Institute of Singapore Chartered Accountants (ISCA)—bringing together top voices in trade, law, media, and academia to unpack the latest US tariff hikes and what they mean for business.

You’ll gain insights into China’s evolving role and how businesses, investors, and policymakers can navigate the uncertainty shaping the future of international commerce.

Sign up now: https://tinyurl.com/mu3eu88a

24/04/2025

In FY2023/2024, a total of 2,521 GST audits were completed across multiple industries, leading to a $162 million recovery – including penalties. Stay compliant and avoid costly mistakes.
• Non-compliance detected from recent GST audits: go.gov.sg/taxbytes-recentgstaudits
• Common output tax errors made by businesses: go.gov.sg/irasgst-output-tax-errors-video
• Common input tax errors and how to avoid them: go.gov.sg/irasgst-input-tax-errors-video

In FY2023/2024, a total of 2,521 GST audits were completed across multiple industries, leading to a $162 million recovery – including penalties. Stay compliant and avoid costly mistakes.

• Non-compliance detected from recent GST audits: go.gov.sg/taxbytes-recentgstaudits

• Common output tax errors made by businesses: go.gov.sg/irasgst-output-tax-errors-video

• Common input tax errors and how to avoid them: go.gov.sg/irasgst-input-tax-errors-video

23/04/2025

: Starting today, both HDB households and Singaporean private property households will be receiving up to $400 in Climate Vouchers 🌱
Visit go.gov.sg/climatevouchers to find out more!
If you receive an SMS from the government, make sure it is sent from the gov.sg SMS Sender ID. Government officials will NEVER ask you to transfer money, disclose banking details or install mobile apps from unofficial app stores over a phone call.

21/04/2025

⚠️ Don’t fall for tax refund or payout scams this Income Tax season!
Beware of emails offering you tax refunds or payouts. Any tax refunds are automatically credited into taxpayers’ bank account registered with IRAS or PayNow (NRIC/FIN/UEN) accounts. We will not send you emails on your tax refund amount. You can check for updates on refunds on myTax portal (mytax.iras.gov.sg).
Look out for suspicious details and links on emails that appear to be from IRAS. Visit go.gov.sg/iras-scam to safeguard yourself against scams.

⚠️ Don’t fall for tax refund or payout scams this Income Tax season!

Beware of emails offering you tax refunds or payouts. Any tax refunds are automatically credited into taxpayers’ bank account registered with IRAS or PayNow (NRIC/FIN/UEN) accounts. We will not send you emails on your tax refund amount. You can check for updates on refunds on myTax portal (mytax.iras.gov.sg).

Look out for suspicious details and links on emails that appear to be from IRAS. Visit go.gov.sg/iras-scam to safeguard yourself against scams.

21/04/2025

that over 100 GST-registered businesses have violated price display regulations in the past two years? While most of these businesses received warnings for the offence, some faced fines of up to $5,000 for incorrect signage.

that over 100 GST-registered businesses have violated price display regulations in the past two years? While most of these businesses received warnings for the offence, some faced fines of up to $5,000 for incorrect signage.

To ensure your business remains compliant and avoid penalties, watch our e-learning video to familiarise yourself with common price display scenarios: go.gov.sg/irasgst-price-display-video

17/04/2025

Calling all GST-registered businesses.
• Looking to improve your efficiency in issuing and receiving invoices?
• Facing challenges in submitting data to IRAS promptly during audits?
Don’t miss out – be an early adopter of the GST InvoiceNow Requirement and streamline your invoicing process. The soft launch begins on 1 May 2025.

Calling all GST-registered businesses.

• Looking to improve your efficiency in issuing and receiving invoices?
• Facing challenges in submitting data to IRAS promptly during audits?

Don’t miss out – be an early adopter of the GST InvoiceNow Requirement and streamline your invoicing process. The soft launch begins on 1 May 2025.

Learn how you can sign up and get started at go.gov.sg/taxbytes-gstinvoicenow.