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Singapore: accounting and tax overview

Singapore tax system With more than 76 double taxation treaties, Singapore can be an excellent jurisdiction for certain businesses that would benefit from reduced global withholding tax. One of the most prominent advantages when operating a business in Singapore is the well-established taxation system. Over the past few years...

Singapore economic outlook 2017

Growth prospects According to the central bank’s half-year macroeconomics review, Singapore’s GDP is expected to expand by 1% to 3% in 2017, and the figure will likely exceed 2%. In Q1 2017, the economy grew by 2.5% on a year-on-year basis, which is higher than the 2.4% forecasted by...

Developing China-Singapore’s relationship through Chongqing

On 27 February 2017, Singapore’s Deputy Prime Minister, Mr. Teo Chee Hean, travelled to China to attend the 13th Joint Council for Bilateral Cooperation (JCBC). This year the JCBC focused on the reinforcement of China-Singapore’s relationship and the three Government-to-Government initiatives currently in place. The JCBC is the top...

Singapore VS Hong Kong

For many years now, Singapore and Hong Kong have been going head to head in a battle to be regarded as Asia’s ‘Best Place to do Business’. Both jurisdictions are respected international business hubs with world-class infrastructure and facilities, while at the same time being ideally located to facilitate...