EP minimum salary rises to S$5,600 from January 2025; Local Qualifying Salary rises to S$1,600 from July 2024.
Singapore Budget 2024: What It Means for Your Company
A 50% corporate income tax rebate, larger SME working capital loans and an extended SkillsFuture Enterprise Credit.
Amendments to SFRS(I) 1-21 / FRS 21: Lack of Exchangeability
Guidance on which exchange rate to use when a currency cannot readily be exchanged. Effective from 1 January 2025.
Amendments to SFRS(I) 1-7 and SFRS(I) 7: Supplier Finance Arrangements
New disclosures for companies that use supplier finance or reverse factoring. Effective from 1 January 2024.
Amendments to SFRS(I) 1-12 / FRS 12: Pillar Two Global Minimum Tax
A temporary relief from deferred tax accounting for the new global minimum top-up taxes.